Energy

The Big Embrace: Electric Utilities Accept Wind and Solar as Reliable Sources, Plan for the Long Haul

Renewable Energy World: Despite the Environmental Protection Agency’s announcement that the Clean Power Plan is being repealed, the attractive cost of renewables and improvements in battery storage technology mean that wind- and solar-generated power are here to stay.

Even though natural gas remains the most economical source to fuel power generation, many utilities across the U.S. are viewing wind and solar as increasingly competitive generation options, according to survey results published in Black & Veatch’s 2017 Strategic Directions: Electric Industry Report.

It was only a few years ago that electric utilities were uncertain about renewables. Concern was high over how these options could potentially disrupt and change the industry, and as a result, utilities have been slow to embrace them.

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