It’s been well over 100 years since the ‘war of the currents’ where Edison and Tesla argued the pros and cons of their respective technologies. This very public debate ultimately shaped the energy supply model which we’re still working with today. But this model is now being challenged by the shift and adoption of renewable energy options. And there’s a new conversation to be had.
Our electricity generation and distribution networks are under strain; from the inefficiency of ageing infrastructure, the unpredictable nature of renewable generation and from growing global adoption of energy storage. These decentralised generation and storage assets are challenging our 100-year-old principles of generation and distribution.
While the uptake of the distributed energy resources (DER) should be applauded and encouraged, this inflow of renewable power is putting our existing systems under such strain that - if we don’t find a new way of doing things - there will be a point at which our grid will collapse.
The industry acknowledges that a transformation is necessary and that renewable energy is the future, but it faces many uncertainties, including:
In this discussion paper we present our view on the future of the energy market and propose that to get there, we need to recognise distributed energy resources as our primary sources of power, treat the grid as the energy ‘highway’ to facilitate energy sharing and fossil-fuel power plants as back-up until we no longer need them.
But this transformation requires a coordinated effort and input from all participants in the energy value chain. As such, we invite you to join the conversation.