While ITC Holdings Inc.'s field crews were adapting to a new world of PPE and an increase in residential electrical use in 2020, the Novi-based electric transmission company's engineers were thinking a lot about the forthcoming transformation in the way electricity is generated, transmitted and stored.
ITC CEO Linda Apsey said the multi-state owner and operator of high-voltage power lines has filed an application with the Federal Energy Regulatory Commission for a pilot project to build the infrastructure needed for mass fast-charging stations for electric vehicles.
This pilot project will look at designing what could become the gas station of the future — and then it will have to be scaled by an investment in the electric transmission system not seen in generations, Apsey said.
For all of the changes ITC's 550-employee Michigan workforce endured in 2020, the obstacles ahead in the shift to more sources of renewable energy and a higher dependency on electric-powered energy is "the single largest transformation" in the energy industry since the initial electrification of the country a century ago, Apsey said.
"I often say somewhat flippantly, if this country is going to love renewables, they're going to have to start liking transmissions because you cannot have renewables without transmission. I mean, we are the integrator, we're the facilitator and we are the delivery of that renewable energy. For that, obviously, it certainly presents challenges in terms of we have regulatory rules and statutes and policy that reflect how the utility business operated over the last century. We don't necessarily have the rules and regulations for the next century. So certainly there's challenges in terms of how we shift our policies to sort of facilitate all of this renewable (electricity) transmission. But at the same time, from a business perspective, certainly all of that provides opportunity for growth in our business."
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December 13, 2020 at 12:10PM
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Linda Apsey: Massive transformation for energy industry on horizon - Crain's Detroit Business
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