The US power transmission grid is medieval, fragmented into separate regional grids with poor interconnection (Texas had its own grid during the 2021 freeze and could not receive electricity from other regions), and insufficiently maintained; China has developed sophisticated ultra-high-voltage DC transmission while the US lags.

factualpending

Speaker

Jeremy Grantham

Evidence Quote

We have really medieval… We couldn't send electricity into Texas... We couldn't send them any of our electricity because there's no grid and what grid there is, is antique

Source

GMO's Jeremy Grantham | Investing Legend InterviewThe Intrinsic Value Podcast
Created: 8/11/2026, 1:52:53 AM

My Notes

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