March 1, 2014

DONE BEEN ANTIQUATED:

Utility CEO: Generators Will Soon Make Electric Grid an 'Antiquated System' (Alan Neuhauser, Feb. 28, 2014, US News)

The head of America's second-largest energy provider hopes to make the foundation of his industry's current business model obsolete.

David Crane, president and CEO of NRG Energy, said as solar power, wind power and energy storage grow more efficient, and as more American homes also come to rely on cheap natural gas, energy customers will switch from buying power to generating their own through "microgrids" - perhaps in as little as 30 years.

"There will come a day, in a generation or so, when the grid is at best an antiquated system to a completely different way of buying electricity," he said Tuesday during a panel discussion before a crowd of hundreds at the ARPA-E Energy Innovation Summit outside Washington, D.C.
Posted by at March 1, 2014 7:30 AM
  
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