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Leaders of 16 of the largest power grid operators in the world are calling for more grid infrastructure investment across the globe. The CEOs are part of GO15, a group that met in New York for its annual meeting to focus on industry trends and what is needed to provide more resilient grids and greater electricity reliability.

The CEOs jointly state that the current rate of change in the electricity industry is unprecedented and presents emerging challenges.

According to the executives, the challenges are driven by the transition to lower-emissions generation and a changing fuel mix, as well as changes in technology, economic factors and consumer behavior.

As such, the challenges require power grids to upgrade grid infrastructure and expand interconnections between power systems, the CEOs report. Investment is also needed to develop the IT systems and smart IT systems required for the monitoring and control of power flows under increasingly complex operational conditions.

"All of the world's grids share a similar problem," says Terry Boston, CEO and president of PJM Interconnection and GO15 president. "We all face reliability and operational challenges in a rapidly changing industry. The specifics of those challenges may differ from nation to nation, such as how best to connect renewable generation that is often far from population centers, the retirement of conventional power plants and the rapid growth of electricity use in emerging economies. Sharing how each of us approaches these challenges helps all of us manage them more effectively."

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