Summary Electric utilities have an opportunity to realize one of the greatest growth opportunities in history. Technology has changed the playing field and with an aggressive strategy, electric companies can take control of a huge new portion of America’s energy market. Big oil’s share of the American energy economy is at greater risk than it… Keep reading →
This year’s closing ceremony of the innovative event series New York Energy Week ended on a high note. It featured a familiar topic in energy circles: Utilities’ shifting role in the power generation market. Peter Molengraaf, CEO of Alliander – a Dutch distribution grid operator – wasted no time and cut right to the point with… Keep reading →
We could all learn to get along without cell phones. And many of us are already learning to get along without cable TV. But civilization as we know it could not get along without electricity, which makes the electric industry – the generation, transmission and delivery of power – one of our most vital,… Keep reading →
On the last day of this year’s 37th IAEE International Conference in New York a distinguished panel of experts, among them Ralph Izzo (Chairman and CEO of Public Service Enterprise Group Incorporated (PSEG)), Jigar Shah (Founder of SunEdison) and David Newbery (Director of Energy Policy Research Group (EPRG), University of Cambridge) discussed the profound challenges… Keep reading →
Last week Barclays downgraded the high-grade bond market for the entire electric utility sector because “we believe that a confluence of declining cost trends in distributed solar photovoltaic (PV) power generation and residential-scale power storage is likely to disrupt the status quo.” While this is not the first statement about vulnerability of electric utilities to competition from new technology… Keep reading →
That may be an understatement There has been a flurry of reports coming from all directions leading to similar conclusions, namely the demise of the traditional utility business model. The latest is a March 2014 report from an unlikely source, Morgan Stanley, concluding that “improvements in batteries and distributed generation could partly or completely eliminate… Keep reading →
The story of how net metering and onsite residential solar is eating way utilities’ profit margins is getting old, so what can these companies do about it? This piece suggest two strategies. “Clean Power Finance’s new partnership with North American Power demonstrates one of two ways in which a retail electricity provider (REP) can profit from selling… Keep reading →
The days of merely managing wires and selling a commodity are winding down for utilities. These companies must now compete with or embrace technology and services that give customers greater control over the systems that power their homes, making it easier to reduce energy consumption, increase efficiency and ultimately save money. Google’s acquisition of smart… Keep reading →
New York Energy Week is the innovative event series launched by Energy Solutions Forum and the New York Energy Week 2014 Opening Ceremony will break new ground this year by bringing together the State’s most influential energy regulatory decision makers to discuss how New York is charting a course toward a cleaner and more efficient energy system.… Keep reading →
Sunverge sees a future in building and managing customer energy-storage systems as utility assets. Ken Munson, CEO of Stockton, Calif.-based startup Sunverge Energy, doesn’t want you to think of his company’s product as a “battery in a box,” backing up a roof full of solar panels — even if that’s one very accurate way to describe… Keep reading →
