Pathways For Innovation
By Courtney Fairbrother, Leia Guccione, Mike Henchen, and Anthony Teixeira
The role of pilots and demonstrations in reinventing the utility business model
The rapid growth of distributed energy resources (DERs) and large-scale renewable energy is driving utilities to develop and test a wide range of new technologies, business models, and customer programs. These DERs are starting to impact the U.S. electric power system at significant scale—for instance, 2016 saw a record 2.5 GW of residential solar installation and 159,000 electric vehicles sold, up 19 percent and 37 percent, respectively, from 2015. Energy efficiency programs are lowering energy use at homes and businesses to the extent that many areas no longer see growing demand for electricity.
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Source: Rocky Mountain Institute