UN SDG #7 Affordable and Clean Energy UN SDG #7
UN SDG #9 Industry, Innovation and Infrastructure UN SDG #9

challenge

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Fossil Free Electricity Relies on Technology to Maximize Its Potential

Accelerated progress in financing, deploying, incentivizing, and integrating these technologies is a major decarbonization priority. Efficiency and renewables can save and deliver the kilowatt-hours we need. But significant changes in “system” hardware and software are necessary to unlock their full potential.

challenge

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Fossil Free Electricity Relies on Technology to Maximize Its Potential

Accelerated progress in financing, deploying, incentivizing, and integrating these technologies is a major decarbonization priority. Efficiency and renewables can save and deliver the kilowatt-hours we need. But significant changes in “system” hardware and software are necessary to unlock their full potential.
330M
people impacted
$58.6B
potential funding
the problem
Nature and Context

We expect that renewable electric resources will be the primary focus of any new electric generating capacity needed to achieve decarbonization.

Energy efficiency is the foundation of power system decarbonization – reducing the need for new generating capacity overall and significantly improving the economic performance of the energy system.  It is already the region’s second largest electric power “resource,” after hydropower.  Progress in capturing these efficiencies over the last three decades is a strong affirmation of the economic and environmental value of the resource.  Enormous efficiency opportunities remain. 

Symptoms and Causes
the impact
Negative Effects
Economic Impact
Success Metrics
who benefits from solving this problem
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financial insights
Current Funding
Potential Solution Funding
ideas
Ideas Description

Grid modernization, smart grids, load management systems, storage solutions, and energy and transmission market reforms are vital and rapidly evolving parts of this “system upgrade.”


Ideas Value Proposition
Ideas Sustainability

Utilities and their regulators will need to evolve as well, developing financial and regulatory models that reward innovation, protect consumers, and facilitate decarbonization as cleaner energy technologies open the path to more distributed energy systems.

attributions
Contributors to this Page

Giving Tech Labs Team - Giving.tech