Taking Back Power Begins in Rural America
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- Feb 5, 2020 6:45 pm GMTFeb 3, 2020 6:40 pm GMT
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This item is part of the Special Issue - 2020-01 - Predictions & Trends, click here for more
In the early 2000s, the introduction of smart meters and the smart grid signaled the seeds of change as new technologies were integrated into the traditional grid. However, 2020 will be the beginning of a true power grid revolution. The seismic shift in how energy is generated, delivered and consumed will be ushered in by larger energy consumers that take control of their energy supply by producing, storing, sharing and consuming their own power.
This revolution will begin on the edges of the grid and be spearheaded by industries where energy access and reliability are mission critical for their operations. Power interruptions aren’t just inconvenient – they can alter a company’s trajectory and, if outages become frequent, can make staying in business unviable. Coupling this motivation with the fact that large energy consumers have access to capital and various types of financing structures, it is clear that they will lead the energy independence wave.