Aging of Grid Infrastructure: The U.S. electric grid has more than 200,000 miles of high voltage transmission lines and roughly 5.5 million miles of local distribution lines. According to the DOE, 70% of transmission lines are 25 years or older.
Extreme Weather and Resiliency: Extreme weather and climate are severely impacting electric grid. Extreme weather is the leading cause of electric power outage.
Increase Penetration of Renewable Energies: Penetration of renewable energies requires to modernize the grid infrastructure and flow more power through the power transmission lines. Conventional technologies and materials such as Steel Core Cables are not able to address these needs and there is an immediate need of new technologies such as Advanced Composite Materials