Energy providers are already implementing
new business models, partnerships, and
capabilities to decarbonize the energy
system and meet increasingly ambitious
targets and commitments. But so are new
market entrants, from automakers to oil
majors, who are all eager to tap into the
electrify-everything (and cleanly)
movement.
While many utilities have successfully
greened their portfolios, making onshore
wind and solar the most competitive form
of energy in many markets, driving
renewable levelized cost of energy (LCOE)
to record levels; zero-emissions targets
remain elusive. More action is needed—and
urgently—to incorporate both decarbonized
and decentralized sources of power onto
the grid.
Progressive utilities are adopting a new
power model that’s decarbonized,
decentralized, digitized, putting people
at the heart of their strategy.
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