Distributed generation and automated transactions will change how we produce and consume electricity
Thanks to many such engineers driving many such race cars, a lot of progress is about to happen in an unexpected spot: the electricity sector. The power grid’s interlocking technological, economic, and regulatory underpinnings were established about a century ago and have undergone only minimal disruption in the decades since. But now the industry is facing massive change.
Most observers are only vaguely aware of the magnitude of this overhaul, perhaps because it’s a hard story to tell. It doesn’t translate well to a set of tweets. Many people have come to think of the electric-utility business in much the same way they think of their taxes—boring, tedious, and somehow, always costing more money.
What’s happening in this industry stems from technology improvements, economic forces, and evolving public priorities. As the changes dig away at the very foundation of the electricity sector, the results are likely to be anything but boring. Yet they may well cost you more money.
Read more at Nanogrids, Microgrids, and Big Data: The Future of the Power Grid