2024 Energy Transition Outlook Report Preview
With the US committed to becoming a net zero economy by no later than 2050 and businesses under pressure from consumers, investors and regulators to take action, we expect 2024 to be a big year for energy transition. Electrification is a significant piece of this puzzle and utilities will play a central role in energy transition.
The Inflation Reduction Act is backing this up with vital funding, allocating $47bn to electric vehicle (EV) production and supporting domestic battery production with attractive tax credits.
But just as more frequent and severe weather events are testing grid resilience, the rising popularity of EVs and other moves toward electrification are putting unprecedented load on the grid and challenging its reliability.
There is a lot to consider, and developing strategies to protect the grid through these changes will be a priority. Our 2024 Energy Transition Outlook Report takes a deep dive into this evolving landscape and explores:
- The need-to-know emerging trends, policies and technology coming through this year, with insightful case studies
- The vital role of demand response programs to ensure a reliable energy supply, and why they should operate year-round
- How collaborating with transportation providers and customers will enable utilities to build strategic charging plans that alleviate strain on the grid and promote resilience
CLEAResult clients will receive an in-depth breakdown of these trends and opportunities in our 2024 Energy Efficiency Outlook Report. If you’d like to receive a copy, please contact us.