Plug Into New Ideas
Why do many opportunities remain untapped? Because until now it has been difficult for new ventures to fully capture and monetize their value. The electricity grid, complex as it is, needs a value chain framework.
Even as some foretell a coming future of smart parking—part of a broader ongoing evolution toward intelligent transportation systems (ITS)—a third-party-driven revolution in parking (and its pricing) is already here.
Caribbean island residents pay some of the highest retail electricity prices in the world. Most islands generate 90–100 percent of their electricity by burning expensive imported diesel or heavy fuel oil in large generators. Some are pursuing renewables, but another option looms on the horizon.
Vermont may be best known for maple syrup and Ben & Jerry’s ice cream, but now its largest city can boast another accomplishment. The city of Burlington (pop. 42,000) now gets 100 percent of its electricity from renewable sources.
In a cover story and article 14 years ago about the emergent disruption of utilities, The Economist’s Vijay Vaitheeswaran coined the umbrella term…