Driving Growth and Transformation in Agriculture Technology
Energy Transition Driving Transmission, Distribution and
Substation Growth
~$1.2B ~$1.6B
2022 Sales
2027E Sales Target
++
Growth Drivers
Renewable generation capacity will double, accounting for 50% of
total electricity generation in North America by 20501
National network of 500K EV charging stations expected by 20302
Transmission capacity must increase by ~60% (47K GW miles) by
2030 to support clean energy deployment in the U.S.3
Infrastructure Investment and Jobs Act (IIJA) includes
$100B to improve power grid infrastructure4
.
$174B for EV adoption and infrastructureª
CONSERVING RESOURCES. IMPROVING LIFE." Valmont
1 Annual Energy Outlook - U.S. Energy Information Administration (EIA) 2 FACT SHEET: Biden-Harris Administration - Electric Vehicle Chargers - whitehouse.gov (https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/15/fact-sheet-biden-
harris-administration-announces-new-standards-and-major-progress-for-a-made-in-america-national-network-of-electric-vehicle-chargers/) 3 Queued Up... But in Need of Transmission - April 2022 - Department of Energy 4A Guidebook To The Bipartisan
Infrastructure Law For State, Local, Tribal, And Territorial Governments, And Other Partners - May 2022 - whitehouse.gov (https://www.whitehouse.gov/wp-content/uploads/2022/05/BUILDING-A-BETTER-AMERICA-V2.pdf)
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