What if we didn’t have to work around the grid we have today, with all of its inertia and incumbents and inflexibility?
Utilities face a host of rapid changes in a what used to be a staid business: new business models, changing supply and demand forecasts, new distributed architectures, new types of resources, new participants in the power grid that they don’t control…yet they still must maintain a highly reliable power grid that operates within fairly narrow parameters.
Increasing efficiencies in energy storage and transmission combined with falling prices for renewable energy technologies are creating a profound transformation of energy systems around the world.
Intermittency has long been considered the Achilles heel of renewable power generation.
•The Energy Transition is Here •IEA Report: Wind and Solar Can Carry Bulk of Energy TransformationT•he Economics of Grid Defection •Industry-funded report calls for changes to German energy policy •Coal Crunch Gives Impetus to India’s Solar Switch •Food and wastewater biogas to heat 5,200 New York homes •Report: Solar Paired With Storage Is a ‘Real, Near and Present’ Threat to UtilitiesA•nother Banner, Record-Breaking Year for U.S. Solar
The high capital cost and zero fuel cost of renewable projects forces the risk of ownership onto investors, while the near-zero capital cost and high fuel cost of older fossil fuel plants pushes risk onto consumers.
In a future of growing climate change impacts and water strains, the water implications of our electricity choices are way worth paying attention to.