ORIGINAL REPORTING: 8 Trends Shaping The Grid Of The Future
8 trends shaping the grid of the future; A Deloitte study finds 'alternative energy’s shift to the mainstream is largely complete and likely irreversible'
Herman K. Trabish, February 11, 2016 (Utility Dive)
Recent numbers for U.S. renewables growth demonstrate it is now a mainstream source of generation. Nearly three-quarters of major energy deals made in 2015 were for renewables assets, and nearly three-quarters of the new generation capacity built in 2016 will be renewables. U.S. clean energy investment hit a record $329 billion in 2015, according to Bloomberg New Energy Finance (BNEF). And the just-released Trends to Watch in Alternative Energy from the Deloitte Center for Energy Solutions outlines 8 key trends driving renewables growth in the U.S. power mix. They are 1. Renewables acquisition, 2. Community solar, 3. Integration of renewables, 4. Leveraging renewables for grid resiliency, 5. The Clean Power Plan, 6. Regulatory reforms, 7. Corporations buying renewables, and 8. Finding and training the renewable energy workforce.
The long term extensions of federal tax credits for wind and solar approved by Congress early in 2016 will add an estimated 37 GW of wind and solar capacity to previous expectations over the next five years, 56% more than without the incentives, representing $73 billion in additional investment. The momentum behind renewables is accelerating. Growth is now regularly bigger than expected and “new sources of support are broad-based,” Deloitte reports. This, too, was verified in BNEF numbers. Investment in U.S. wind bounced back from a 2014 drop-off to hit $11.6 billion in 2015 and investment in U.S. solar was $30.2 billion, the second biggest buy-in ever…” click here for more