Electricity is the connective tissue of the information age. Thereby powering everything from smartphones to giant data centers. Electricity driven by the speed of IT is therefore needed. And, with 70% of the nation’s electricity generated today by burning fossil fuels. I mean primarily coal. We need to be freeing America from its dependence on vast amounts of fossil fuels. All so is impossible without transforming the electricity sector.
But strong forces are aligning to drive transformative change. All creating a perfect storm of opportunity to reinvent or transform that electricity system. The system is aging. So technological advances and innovative IT have opened up new choices. Finally and global growth in renewables is driving cost reductions.
As ReosPartners stated their Electricity Innovation Lab is an initiative to engage and work with a wide variety of electricity system stakeholders. All to accelerate the transformation to a clean, affordable and reliable electricity system.
Reinventing Fire identifies six key solutions to transform our electricity system:
A smart, secure and resilient grid
Fair competition between demand- and supply-side options
Superefficient end-use plus distributed and renewable supply
Ever-cheaper renewables, innovation and customer-centricity
Bigger, smarter markets with price and information transparency
Aligned utility and customer incentives
Source: Rocky Mountain Institute® is an independent, entrepreneurial, 501(c)(3) nonprofit organization. We drive the efficient and restorative use of resources to create a world that is thriving, verdant, and secure, for all, for ever.