A report from Boston Consulting Group suggests that a consumer-driven strategy could significantly enhance the adoption of clean energy technologies more rapidly than traditional supply-side methods.
Households as Energy Investors and Other Good Economic Signals for Distributed Energy
The International Energy Agency (IEA) reports a significant increase in household investment in distributed energy resources since 2015, driven by rising incomes and technologies like rooftop solar and electric vehicles. In New York, distributed solar has outpaced utility-scale projects, benefiting local communities. Rooftop solar notably reduces energy costs for low-income families by up to 77%. Federal initiatives are directing investments towards electric vehicle infrastructure in these areas. There are calls to raise New York’s solar goal to 20 GW by 2035 for greater economic benefits.
Analysts suggest solving three key issues to boost virtual power plant growth
Virtual power plants are gaining traction in North America, with estimates suggesting significant growth potential by 2030. Despite facing challenges, VPPs are seen as a valuable solution for power system needs, but their scalability and compensation mechanisms need to be addressed for further growth.
Leap Joins Virtual Power Plant Partnership to Accelerate the Energy Transition
Leap, the leading platform for energy market access, today announced that it has joined the Virtual Power Plant Partnership (VP3). RMI, founded as Rocky Mountain Institute, launched the VP3 initiative […]
A hydrogen microgrid for a home? A California utility achieves first step
Southern California Gas (SoCalGas) was the first large natural gas utility in the US to set a goal to achieve net-zero greenhouse gas emissions by 2045. And it’s continuing to […]
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