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Electrical grid in New York You will experience a shortage in supply If the rate of retirement of fossil fuel-fired power plants continues to outpace the addition of new clean energy supplies as demand rises, the New York Independent System Operator said Thursday in Annual reliability report.
In the five years since New York set a goal of having 100% clean energy on its grid by 2040, the state has lost 5,207 megawatts of fossil-fueled power supply while gaining 2,256 megawatts of clean energy sources like wind and solar, according to NYISO. .
Meanwhile, New York has at least 10 very large power load projects, including data centers and semiconductor factories, expected to come online in the next two years, including a Micron semiconductor factory in New York, which will require 480 megawatts. Of ability. The report said.
The grid operator said increasing spending on transmission and other elements of the state's electric grid, and simplifying the regulatory process for building infrastructure, will be part of what's needed to avoid blackouts and higher energy costs over the next decade.
Potentially relevant stocks include Consolidated Edison (New York Stock Exchange: Ed), PSEG (PEG), National Grid (NGG), National Fuel Gas (NFG).
