Overview

• U.S. regulators voted on proposals to accelerate the connection of new energy projects to the grid.
• Long waits for transmission interconnection have impeded efforts to address climate change.
• The Federal Energy Regulatory Commission (FERC) plans to shift to a "first ready" approach for project approvals, replacing the current "first come, first serve" system.
• The average interconnection process currently takes five years, but efforts are being made to reduce this timeline.
• The interconnection proposal is part of a broader reform package to hasten the deployment of renewable energy and storage.