Since Earth Day began more than 40 years ago,
sustainability has become mainstream. What has not
yet become common knowledge, though, is the role
that the electric power industry plays in ensuring a
cleaner energy future.
The electric power industry is in the midst of a
major transformation-these are not your mom and pop
utilities of the past.
We are spending $90 billion per year, on average, to
transition to a cleaner generating fleet that
includes more renewables like solar and wind power
and to enhance the reliability and resiliency of the
grid, which serves as the backbone of the entire
system. These investments include integrating new
technologies and new resources as well as being more
efficient with the resources we have.
It's also worth noting that our industry has a
strong track record on which to build upon when it
comes to reducing emissions associated with the
power we generate. In fact, nitrogen oxides and
sulfur dioxide emissions from power plants are down
by almost 75 percent from 1990 levels, during a
period when electricity use has grown by more than
40 percent. Additionally, utilities have reduced
carbon dioxide emissions by 15 percent below 2005
levels as of the end of 2013.
There are three more things you might not know about
the utility industry's environmental commitment:
Harnessing renewable
energy resources: Utilities are by far the
single largest source of installed solar in the
nation.
Large-scale utility solar, such as solar farms,
currently accounts for 60 percent of all installed
solar capacity in the U.S., according to a recent
report from GreenTech Media and the Solar Energy
Industries Association (SEIA). That same report
found that large-scale solar saw its best year ever
in 2014, with almost 4 gigawatts (GW) installed,
bringing the total of large-scale solar
installations up to 10.6 GW. And, according to the
International Energy Agency, the industry spent $4
billion per year, on average, between 2000 and 2013
on solar technologies-an investment that is expected
to increase to around $9 billion per year from 2014
to 2020.
Utilities are also leading the way in wind
generation projects. Current installed large-scale
wind power capacity through the second quarter of
2014 totaled 61,946 megawatts (MW) and continues to
grow.
Utilities are driving
the use of EVs: Utilities are driving
electric vehicle (EV) adoption.
By increasing the use of EVs in their own fleets,
adopting customer-friendly rates, and making
sizeable investments in needed infrastructure,
utilities are leading by example. Seventy of the
nation's largest utilities have committed to invest
at least $250 million over the next five years to
increase the use of electric drive technologies in
their fleets. This helps push down vehicle
development costs for automakers.
As the "fuel" provider for electric vehicles,
electric utilities are also playing an important
role as ambassadors for electric transportation
technologies with their customers, whether
residential or commercial.
EVs truly represent the future of our transportation
system, given that battery-powered electric vehicles
produce only one-third of the greenhouse gases (GHG)
that gasoline-fueled vehicles produce. If EVs were
widely adopted in the U.S., we could see GHG
emissions decrease by more than 450 million metric
tons in 2050-which is equivalent to taking 82.5
million passenger cars off the road. Already, EVs
are on the rise. More than 310,000 plug-in hybrid or
all-electric vehicles have been sold in the U.S. as
of the end of March.
Giving the power to the
people: Utilities today function more like
electro-technology companies-bringing innovations
into customers' homes in ways that improve
efficiency and bring electricity bills down.
One of the key ways that utilities are doing this is
by deploying smart meters, which facilitate the
integration of new resources and new energy services
for customers. As of July 2014, more than 50 million
smart meters had been deployed in the U.S., covering
more than 43 percent of U.S. homes. Another
innovation is home automation network technologies,
including mobile apps that allow customers to
remotely monitor their energy consumption and boost
efficiency, while also communicating with their
utility and being eligible for awards for energy
savings. Deeper into the grid, some utilities are
implementing self-healing technologies, consisting
of a series of sensors and switches that monitor
grid performance and either identify potential
issues before they occur or permit quicker fixes
should something break down.
These are just a few of the things that you might
not realize the electric power industry is
championing. Utilities recognize the valuable role
they play in driving the transition to a cleaner and
more energy-efficient world. We are confident that
this trend will continue for many Earth Days to
come.
Brian L. Wolff is Edison
Electric Institute executive vice president of
public policy and external affairs.