When ranking the most important engineering achievements of the 20th century, the U.S. National Academy of Engineering put electrification in the top spot—ahead of the automobile, the Internet, agricultural mechanization, television and other world-changing technologies. A modernized electric grid could be even more important to the 21st century, by helping to expand clean energy in almost every sphere of human life.
To live up to its potential, today’s aging grid needs strategic investment and careful stewardship. So that it can become more
sustainable and resilient. To remain reliable even as it leans more heavily on weather dependent energy sources. To meet customers’ insatiable demand for the electricity to power their electronics and appliances and increasingly, vehicles and industrial processes. To better withstand extreme weather.
This report by Ontario Teachers’ Pension Plan explores why the need for grid investment is urgent.