Utilities Develop New Lines of Business to Deliver Clean Energy Customer Solutions

Abstract

“Addressing the climate crisis requires immediate and sustained investment to eliminate net global greenhouse gas emissions by mid‐century—and this presents a transformational opportunity for the United States and the world.” This statement from The Long‐Term Strategy of the United States: Pathways to Net‐Zero Greenhouse Gas Emissions by 2050 summarizes both the challenge and the opportunity presented as the energy infrastructure is transformed. The United States has established ambitious goals of net‐zero greenhouse gas (GHG) emissions no later than 2050. A core strategy by the United States to achieve this goal is the decarbonization of the electric grid. In fact, the United States has set a goal to reach 100 percent carbon‐free electricity by 2035. These goals will result in nothing less than a transformation of the energy marketplace, requiring the rapid expansion of existing clean energy solutions of solar and energy efficiency as well as the drive to electrify everything, including buildings and transportation.