U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting
Consumers could outspend utilities in the adoption of solar, storage, electric vehicles and other distributed energy resources (DERs), making it essential for utilities to track and integrate these DERs into their planning processes to benefit their customers and the grid. That is one of the key findings of a new case study from Black & Veatch and SEPA, which details the efforts of the Sacramento Municipal Utility District (SMUD) to create such an integrated DER planning process.
Infrastructure Week allows us to reflect on the modernization needed to drive the new digital grid. A comprehensive view of the infrastructure elements needed to create a more efficient and sustainable energy landscape should include communications networks and embedded computing. Utilities, technology vendors and community leaders will need to work in collaboration to ensure all elements are considered for the digital grid to thrive.
Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, today shared progress toward its global Climate Commitment, a pledge to reduce environmental impacts from its operations and product portfolio, at the tenth annual Energy Efficiency Global Forum in Washington.
As more and more customers begin exercising more control over how and where their energy is produced, utilities have a responsibility to make the appropriate infrastructure investments that will optimize smart grid benefits for all stakeholders.
Historically, most utility capital investments focused on regulated generation and transmission assets that provided the basis for customer rates structures and returns. But the growing interconnectivity within utility assets and electric distribution networks now requires a more holistic approach to planning, and many regulators are requiring utilities to invest in distribution under similar reliability mandates to those governing generation and transmission markets.
Answering the call for increasing energy self-reliance, a grassroots electricity-sharing model is emerging. “Community microgrids,” comprising community-owned or subscribed solar PV and other renewable energy sources, offer participants and surrounding consumers the security of energy resilience in times of grid failure and protection from energy price increases driven by volatile energy markets.
We are at the dawn of the Fourth Industrial Revolution, defined by its velocity and volume, scope and scale, and systems impact. The foundation of this new era is squarely built upon the success of the "digital grid." The first three revolutions—defined by the introduction of steam and mechanization, electricity and computing, respectively—all had profound societal impacts, but they lacked the exponential rate of technological breakthroughs and complexity that define the fourth.
For much of the past four decades, energy efficiency has been the focus of electricity cost-saving initiatives. We have changed light bulbs, swapped out old appliances, insulated our buildings, and added solar systems. The efficiency gains have slowed, however, and the next savings frontier will come from power efficiency.
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