Smart meter adoption growing on international level

By 2024, nearly 250 million smart meters will be installed in 50 emerging market countries backed by an investment totaling $34.7 billion, according to a report by the Northeast Group,. Smart meter investment has been led by the European Union which set a target years ago to achieve 80% market saturation. Now, other emerging market countries in Latin America, the Middle East and Southeast Asia are following suit.

Renewable energy costs could match traditional sources by 2020

According to a new report by the International Renewable Energy Agency, the cost of producing electricity from renewable energy resources could be comparable with traditional resources by 2020. The group highlights the cost of onshore wind power has fallen dramatically since 2010 alongside solar photovoltaics, the cost of which has drop by 73% during the same period.

ACEEE claims Trump budget harms energy efficiency

In a recent press release the American Council for an Energy Efficiency Economy, a national non-profit advocate for energy efficiency, called the Trump administration’s proposed budget for energy efficiency “a bad sequel” to the budget proposed in 2017. The group states that the budget will dramatically cut funding to weatherize low-income homes, as well as slash funding by 70% for the Office of Energy Efficiency and Renewable Energy.

Credits available for solar energy produced by utility customers

Austin Energy, a large community-owned utility in Texas, recently unveiled the first utility-run program in the country to help support commercial customers adopt solar power technology. The “Value of Solar Rate” compensates customers with a credit based on their solar energy production, whether it’s used by the customer or pumped back into the grid.

Smart manufacturing technology could save $15 billion annually

The American Council for an Energy Efficient Economy recently announced it has joined a coalition of groups that are working to support smart technologies to improve energy productivity in the manufacturing sector. The group, comprised of public, private and nonprofit groups purport that “smart manufacturing” could save manufacturing companies $15 billion in annual electricity savings by 2025. Read more. (http://aceee.org/press/2018/01/aceee-supports-smart-manufacturing)

Impact of growing electrification of U.S. economy to be studied

The U.S. Department of Energy’s National Renewable Energy Laboratory recently announced it will be launching the Electrification Futures Study, a research project aimed at identifying the potential impacts of “electrifying” all parts of the U.S. economy, including commercial and residential buildings, transportation and industry. The study will answer these questions:

1) What end-use electric technologies are available for the highest energy-consuming services today, and how might the technologies advance over time?
2) How might widespread electrification impact national and regional electricity demand and consumption patterns?
3) How would the U.S. electricity system need to transform to meet changes in demand from an electrified economy?
4) What role might demand-side flexibility play to support reliable operations of a clean electricity grid?
5) What are potential costs, benefits, and impacts of mass electrification?

Learn more here: https://www.nrel.gov/analysis/electrification-futures.html