Decarbonizing the U.S. power grid rapidly will cost $4.5 trillion, according to a new report from the energy consultancy and research firm Wood Mackenzie. For context, the 2018 U.S. military budget was $700 billion.
A huge rollout of wind and solar power generation, a reinforced transmission network and the vast deployment of energy storage will be required. Of the $4.5 trillion, the lion’s share is for the estimated 900GW of storage capacity required.
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