Corporate Acceleration of the Renewable Energy Transition and Implications for Electric Grids

Jenny Heeter, Eric O'Shaughnessy, Chandra Shah, Sam Koebrich

Research output: Contribution to journalArticlepeer-review

30 Scopus Citations

Abstract

Corporations are the fastest growing source of renewable energy demand in the United States and other key markets. Corporate demand has grown from about 5% of all U.S. renewable energy in 2010 to about 13% in 2019 and could exceed 20% by 2030. Over 200 large global corporations have committed to renewable energy targets that are more aggressive than national and sub-national targets. Here, we explore how increasing corporate procurement could affect grid operations and planning. At least in the near term, rising corporate procurement will change what, where, and when renewable energy assets are deployed to the grid. Corporate procurement could increase the need for flexible grid assets, pose challenges to formal grid planning processes, and raise questions around how to effectively and equitably allocate grid costs. We explore several pathways to integrate corporate procurement into formal grid planning and maximize the value of corporate renewable energy to future grids.

Original languageAmerican English
Article number111160
Number of pages11
JournalRenewable and Sustainable Energy Reviews
Volume146
DOIs
StatePublished - Aug 2021

Bibliographical note

Publisher Copyright:
© 2021 Elsevier Ltd

NREL Publication Number

  • NREL/JA-6A20-79394

Keywords

  • Corporations
  • Grids
  • Renewable energy
  • Renewable energy integration

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