· 2 min read
illuminem summarises for you the essential news of the day. Read the full piece on The Wall Street Journal or enjoy below:
🗞️ Driving the news: Electricity, not oil, is becoming the cornerstone of economic growth in the United States, driven by surging demand from electric vehicles, data centres, and clean technologies
• As this shift accelerates, ensuring a stable electricity supply is becoming a central economic and national security issue
• The transition presents major investment and regulatory challenges
🔭 The context: Historically, energy security focused on oil due to its impact on transport and geopolitics
• But decarbonisation policies and electrification of transport and industry are rapidly increasing electricity’s share of energy consumption
• Utilities are now racing to expand grid capacity and build new generation sources, especially renewables
🌍 Why it matters for the planet: A growing dependence on electricity aligns with climate goals by encouraging cleaner energy sources
• However, grid resilience and equitable access to clean electricity are vital for a successful transition
• The move away from fossil fuels can cut emissions if supported by sustainable infrastructure
⏭️ What's next: Massive infrastructure investments will be needed to modernise the grid and meet rising demand
• Policymakers must balance the urgency of decarbonisation with permitting reform and long-term planning
• Electricity reliability will be tested as dependency deepens across sectors
💬 One quote: “In the past, economic growth was tied to oil. Now it’s tied to electricity.” — Ross Millikan, Dominion Energy
📈 One stat: The U.S. power grid will need to double in capacity by 2050 to meet electrification and climate goals (source: U.S. Department of Energy projections)
See here detailed sustainability performance of companies like Dominion Energy, Duke Energy and NextEra Energy
Click for more news covering the latest on energy transition
