Corporate acceleration of the renewable energy transition and implications for electric grids

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

Renewable and Sustainable Energy Reviews, 2021, vol. 146, issue C

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.

Keywords: Renewable energy; Corporations; Grids; Renewable energy integration (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032121004494
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:146:y:2021:i:c:s1364032121004494

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2021.111160

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().