New analysis highlights transformative potential of HTS

If there’s one issue that threatens to derail the entire global transition to a carbon-free economy, it’s the electric grid. The International Energy Agency (IEA) warned that countries around the world will need to upgrade 50 million miles (80 million kms) of power lines by 2040 to meet their renewable energy targets – essentially doubling the existing grid. Countries will also need to double their investment in transmission lines and other infrastructure to $600 billion per year by 2030.

With a gap this substantial, there’s a clear need for advanced technologies. A new white paper from Guidehouse Insights explores advanced conductors and the critical role they can play in facilitating grid expansion, offshore wind transmission, EV fleet charging, and more.

HTS technology has been successfully deployed in numerous projects worldwide, but availability has historically been limited. That’s all changing as the global energy transition accelerates and the need for advanced grid solutions becomes increasingly clear. MetOx is at the forefront of this burgeoning market with the development of its Xeus wire.

In September, the US Department of Energy awarded $10 million to three projects focused on making low-cost HTS widely available. As a recipient, MetOx will continue to revolutionize its manufacturing process to drive down cost and increase supply.

MetOx’s new manufacturing facility in Houston, Texas is the first of its kind in the United States. The new plant, commissioning in early 2024, will produce more than 1,000 km of Xeus wire per year. The momentum behind superconductor technology is evident and couldn’t come at a better time for the world’s shift to an economy powered by clean energy.

To learn more about HTS technology and the growing demand for Xeus wire in the market, read the full Guidehouse Insights white paper here.