By 2050, we need to create an electricity system powered predominantly by efficiency and renewables. That can’t happen unless renewable energy and distributed resources can compete fairly, utilities see these resources as opportunities rather than adversaries, and customers can better choose how they use and produce energy.
By 2025, we need to be one-third of the way there, cutting U.S. electricity use by 18 percent and nearly doubling renewables’ share of generation from 16 to 30 percent compared to business as usual.
Our electricity transformation program will accelerate the transition from fossil fuels to renewables by fostering rapid evolution of the electricity system pushed by disruptive innovation. With regulators, utilities, and others we’ll align incentives and create a fair electricity market to support a distributed energy future. Meanwhile, we’ll implement strategies and business models for customer-sited technologies such as rooftop solar, so they cost less than incumbent central power supply.
Commitments to Impact
Over the next 1–2 years, we will:
Create proofs that new utility and regulatory structures can succeed:
- Develop rate structures and utility business models that reflect the real benefits and costs of distributed energy resources and demonstrate each of them with at least one utility or regulatory commission
Start the spread of innovations
- Launch six new Electricity Innovation Lab (e-Lab) projects, including collaborations with specific utilities and communities, to highlight the feasibility of high percentages of community-based renewables
- Design and hold a regular e-Lab “Accelerator” to speed electricity innovation
Make solar more competitive by lowering its installed cost
- Develop comparison studies between the U.S. and leading international peers to pilot cost-saving new installation practices, with at least one new product used by the majority of the U.S. installers
- Create a solar development excellence center allowing companies to share information, and helping lower the soft costs that now make up ~60 percent of a new solar PV installation’s cost
- Make low-cost solar financing a reality for far more customers by standardizing commercial PV credit screens, incorporating PV into real estate finance, and opening up finance to underserved markets
Get disruptive technologies to take hold
- Work with homebuilders and solar providers to scale new behind-the-meter optimized offerings, allowing more than 10,000 new homes and more than 10,000 existing homes to install solar systems with behind-the-meter optimized technology packages
- Partner with technology, financial, and development stakeholders to develop ways to more quickly make off-grid energy applications as cheap and reliable as grid electricity leading to over 10,000 new off-grid systems