Disruptive Technologies and 100 Percent Renewable Energy
Utilities are making progress with renewable and distributed energy. Early adopters are seeing tangible results from their investments. While hurdles exist, utilities are starting to see the advantages and potential that these technologies can yield. Change is coming, and today’s utilities are experiencing the leading edge of an electricity transformation, whether they are ready or not.
The communications industry is a good example of how disruptive technology has created a new market and displaced an existing one. In 2003, 95 percent of households in America had a landline telephone; today, less than half do, and that number is expected to approach zero by 2025. Will the electric industry face something similar in the next decade?