Spending on the electric grid is an 'overlooked' opportunity.

The proliferation of renewables and the increasing use of electric vehicles will necessitate additional investment in the electric grid, creating a potential tailwind for several industrial companies. Electrical grids in the United States and Europe will require an additional investment of more than $500 billion through 2040, making it an "overlooked" investment opportunity. "The rollout of renewables, combined with an increase in EV adoption, is now in full swing." "However, maybe threatened the success of this Green Transition if current spending plans on the Electrical Grid fall short.

This Green Transition is underway, and the focus of many governmental/public initiatives has been to support and promote this wave of installation and adoption. However, an investment in transmission and distribution systems is required to deliver renewable energy to endpoints. 

The top priority is to build a national electric vehicle charging network, with the plan calling for at least 500,000 chargers across the country by 2030. In addition, Biden's "Build Back Better" proposal includes a $100 billion investment in America's power infrastructure.