The role of utilities in cleantech: The US experience
Power sector investment in the absence of a federal price on carbon
Despite the absence of a federal price on carbon the power industry in the US has undertaken massive investments, picking up where venture capital firms and other investors have left off.
In 2010, regulated utilities generated an estimated 16.9 terawatt hours (TWh) of renewable-based power, while unregulated utility-owned generation assets and independently owned generation assets contributed another 122.3 TWh to the US electricity supply.
Utilities are also the largest investors in smart grid infrastructure with $USD 8 billion in projects in the works.
This report looks at the policies, regulations and other drivers underlying this investment.