Abstract
This report summarizes key forces driving transformation in the power sector around the world, presents a framework for evaluating decisions regarding extent and pace of change, and defines pathways for transformation. Powerful trends in technology, policy environments, financing, and business models are driving change in power sectors globally. In light of these trends, the question is no longer whether power systems will be transformed, but rather how these transformations will occur. Three approaches to policy and technology decision-making can guide these transformations: adaptive, reconstructive, and evolutionary. Within these approaches, we explore the five pathways that have emerged as viable models for power system transformation.
Original language | American English |
---|---|
Number of pages | 53 |
DOIs | |
State | Published - 2015 |
NREL Publication Number
- NREL/TP-6A20-62611
Keywords
- business models
- energy access
- financing
- international
- power systems
- regulations
- renewable energy