Electricity demand in California is expected to jump 80% or more by 2045, requiring the state to invest $370 billion in its power grid and clean energy to meet its net zero goal, utility giant Edison International predicts.
Pressure on the electric grid of the world’s fifth-biggest economy due to the adoption of electric vehicles is rising, “and it’s moving faster than expected,” with load growing at least 2% a year, the utility’s Chief Executive Officer Pedro Pizarro said in a Bloomberg Television interview Tuesday. “It is a big lift for the state of California.”
