Member-authored resource reviews role of renewables and distributed generation in power market landscape & provides recommendations for future success
NEW YORK, June 23, 2014 -- The American Council On
report titled Evolving Business Models for Renewable Energy.
Jointly authored by ACORE members ScottMadden, Sullivan & Worcester,
American Clean Energy, RES Americas, Abengoa Solar and Siemens, this
resource explores key issues and provides recommendations related to
evolving utility and other business models for renewable energy. The report
was produced in conjunction with ACORE's Power Generation and Infrastructure
Initiative, and ACORE member contributions to the review provide useful
analysis, data, and insight for renewable energy and utility stakeholders.
"From potential storage benefits of electric vehicles, to recommendations on
ideal scenarios for integration of distributed renewable assets, ACORE and
its members are tackling the cutting edge issues facing our electricity
sector today," said co-author and CEO of American Clean Energy, Steve
The report describes how distributed generation, smart grids, and microgrids
are changing traditional utility business models, suggests outcomes for the
successful integration of renewable energy at scale, and spotlights ways in
which concentrated solar power (CSP) and electric vehicles (EVs) are
changing the way utilities look at generation, integration and storage.
"Our Power Generation and Infrastructure Initiative has always focused on
solutions over politics," said ACORE CEO Michael Brower, "and by convening
our members who are developers, legal experts, sector analysts and
financiers to review the business landscape, we guarantee a highly credible,
critical and realistic view to help craft solutions for a cleaner, more
reliable power sector future."
The report builds on ACORE's aim to create bridges between the renewable
energy and utility sectors with sections on "Renewable Energy Drivers of
Change and Overview of Actions from the Utility Perspective"
and "Distributed Energy: Understanding and Mitigating Commercial and
ACORE's Power Generation & Infrastructure lead James Hewett called this
focus "essential" noting, "The utility sector is well aware of the
disruptive nature of distributed renewable energy. ACORE is focused on
making this disruption an opportunity for utilities, not a threat.
Frankly, it's essential to the success of all."
ACORE advocates that an America powered on renewable energy and fuels is a
stronger, more secure, cleaner, and more prosperous America. The Evolving
Business Models for Renewable Energy report shows the potential of America's
renewable energy economy to provide new opportunities to the entire power
sector, providing the country with an unparalleled chance to reinvigorate
the U.S. economy while protecting our environment.
The Review can be downloaded here: www.acore.org/evolvingmodels
ACORE, a 501(c)(3) non-profit membership organization, is dedicated to
building a secure and prosperous America with clean, renewable energy.
ACORE seeks to advance renewable energy through finance, policy, technology,
and market development and is concentrating its member focus in 2014 on
National Defense & Security, Power Generation & Infrastructure, and
Transportation. Additional information is available