The founder and CEO of Invenergy joins “Morning with Maria” to announce $ 1.7 billion in investment in a new energy transmission line aimed at boosting US electricity infrastructure.
Invenergy said Wednesday, as part of its project, has awarded $ 1.7 billion in joint projects to build its Grain Express Belt Belt.
According to Invenergy, the contractor awards went to Quanta Services Infrastructure Company and Kiewit Energy Group Construction Company.
CEO Michael Polski told “Morning with Maria” hosted by Maria Barrtromeo that Belt Belt Express will be a highway system for electrons For electricity To move from where it is produced to supply artificial intelligence, data centers, industries, electricity needed in the country, it really releases American energy, internal energy so that it can provide its jobs, especially by producing and emphasizing artificial intelligence here in the United States. “
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The founder and CEO of Invenergy talks on January 26, 2016 in oil, gas, electricity and congressional energy in Mexico City. (Susana Gonzalez / Bloomberg through Getty Images / Getty Images)
The Belt Belt Express transmission line will pass through Kansas, Missouri, Illinois and Indiana to provide 5,000 MW of over energy delivery capacity. In general, it will be 800 miles.
The first phase of Belt Belt Express is expected to begin next year. According to the electricity manufacturing company, the sector will focus on the “Connection Connection and Missouri” sector.
Invenergy said quanta and kiewit “expect to make raw materials locally Kansas And Missouri if possible. “
Polski said during his appearance “Morning with Maria” The entire transmission line of 800 miles “about 36 months will take three years” with plans for “work in late 2029”
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The sun shines above a natural gas electricity unit above the 1950s and cools on September 16, 2022, using a disposable seawater cooling system in Long Beach, California. (Patrick t. Fallon / AFP through Getty Images / Getty Images)
According to Invenergy CEO, the Grain Belt Express project will cost about $ 11 billion. He said “will create 22,000 jobs along the way between transfer and production.”
“I say this is the biggest electricity infrastructure project in the United States,” Paulski said.
Bartero asked him why Invenergy is doing it now.
“Because I clearly think of what the President (Donald Trump) said on his executive order, which is essentially an emergency of energy, electricity,” Paul said to him. “We need electricity and now we need electricity.”
“So what we are trying to do, and we need internal resources and we need to reduce costs and need energy independence, so this line or this project fulfills precisely ambition (Trump) or statement (Trump).” “We will release US energy. We will reduce costs. We will create energy independence, so this project is really what is needed in the United States. Without electricity, we cannot do artificial intelligence, we cannot increase domestic production, so now electricity is the key to the US economy.”
In December, a report on GridStrategies is projected to jump in the United States by 15.8 % by 2029. Data centersProduction and electricity are important.
Invenergy estimates that Belt Belt Express saves $ 52 billion in energy over a decade and a half “by opening market returns”.