Business and Economics

“Transmission, generally, is a bipartisan issue.” That hopeful note on the national energy grid, specifically the need to fortify, improve and expand it so Americans can efficiently get the energy they need – and in the midst of all the rancor about what the president’s infrastructure bill will or will not ultimately encompass – comes from Sen. Martin Heinrich, D-N.M. The reason there seems to be bipartisan support on the grid is in part, he said, because regardless of party affiliation, Americans have come to rely on being able to access the energy we need. Making sure that is always the case, made more complicated by all the new energy sources that will soon travel the grid, was the topic of a recent GE-sponsored Axios event on the transmission of energy, it’s resilience, sustainability – and reinvention.

A ransomware cyberattack on the Colonial Pipeline in May brought a short-term disruption of gasoline supplies to the East Coast of the United States. Experts warned the assault has longer-term implications for the oil and gas industry, and for the nation’s critical infrastructure. Following the attack, government agencies quickly vowed to strengthen the nation’s cybersecurity efforts. But the great majority of U.S. energy supply – more than three-quarters, by many estimates – is in the hands of private industry. The Colonial incident “reflects a historically lax cybersecurity culture in the oil and gas industry.”