According to the American Society of Civil Engineers the investment gap for distribution infrastructure is estimated to be $57 billion by 2020 – much larger than the $ 37 billion investment gap for transmission infrastructure.
Facts & Quotes
An overburdened energy transmission system put public safety at risk and increase costs to consumers and businesses. The average cost of a one-hour power outage is just over $1,000 for a commercial business. Utilities often pass on charges to consumers as a result of congestion in the system.
The United States is home to thousands of power generating plants and systems and almost 400,000 miles of electric transmission lines.
America has 150,000 miles of crude oil and product pipelines and over 1.5 million miles of natural gas transmission and distribution pipelines.
Americans consume 26 percent of the world’s energy.
Annual electricity use in the typical U.S. home has increased 61 percent since 1970.
Rolling blackouts and electrical grid inefficiencies cost an estimated $80 billion a year.
Retrofitting public buildings to be greener would create as many as 800,000 jobs.
Moving freight by rail instead of trucks reduces greenhouse gas emissions an average of 75 percent.
The Federal Highway Administration estimates that 25 percent of congestion is attributable to traffic incidents, around half of which are crashes. According to a study published by the Eno Center for Transportation, a 10 percent autonomous vehicle market penetration rate would result in an estimated 15 percent decrease in freeway congestion delays for all vehicles, mostly due to smoothed flow and bottleneck reductions.
According to a University of California, Berkeley study power outages account for roughly $80 billion annually in total losses to communities across the U.S. Based on that calculation, the Electric Power Board (EPB) of Chattanooga estimates that community losses in its service area are roughly $105 million annually. However, due to its SmartGrid Chattanooga has achieved outage reductions of 60%, saving the community $50 million or more each year in lost productivity, lost product, and lost sales.
A Department of Energy (DOE) smart grid demonstration project in Olympic Peninsula, Washington found that consumers save 10 percent on their utility bills.