Utility Dive•25 days ago
Ionna plans $250M investment in EV charging infrastructure in California
Key Takeaway
Ionna's substantial EV charging investment signals a massive, concentrated new load for the grid, driving demand for generation, transmission, and interconnection upgrades, particularly in California.
AI Summary
- •Ionna, a joint venture of eight automakers, plans a $250M investment in California EV charging infrastructure as part of a larger goal to install 30,000 bays across the U.S. by 2030.
- •This significant EV charging buildout represents a substantial new and growing load on the grid, particularly in California, impacting regional electricity demand and potentially grid stability.
- •Developers and IPPs should anticipate increased demand for generation, transmission, and distribution upgrades to support this new load, creating opportunities for new projects and grid services.
Topics
caisofinancinginterconnectoempolicytransmission