(BRK.A), (BRK.B)
The Biden administration has approved Berkshire Hathaway’s subsidiary, NV Energy, to move forward with the Greenlink West project, a major transmission initiative aimed at boosting Nevada’s energy infrastructure. This project is part of a broader plan to enhance energy reliability, support renewable energy development, and promote economic growth across the state.
Greenlink West, a 525 kV line, will span approximately 350 miles from Las Vegas to Yerington, with construction slated to begin in early 2025. It is expected to be operational by May 2027.
Another part of the initiative, which is still in the permitting stage, Greenlink North, will stretch 235 miles from Ely to Yerington and is set to be completed by December 2028. Additionally, three 345 kV lines will connect Yerington to the Reno area.
The Greenlink project will significantly improve energy reliability by allowing NV Energy to efficiently transport electricity across the state. This expanded infrastructure will help Nevada meet growing energy demands driven by its rapid population and business growth.
Greenlink will also unlock access to over 4,000 megawatts of untapped renewable energy resources, enabling Nevada to expand its renewable energy portfolio and meet its decarbonization goals. Economically, the project is expected to generate $690 million in economic activity and create nearly 4,000 jobs, many of which will be unionized and located in rural areas.
© 2024 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.