05 October 2018    

Utilities have a problem: the public wants 100% renewable energy, and quick

Original article to be found here.

The industry is groping for ways to talk the public down.

And so more and more big energy customers are demanding the full meal deal: 100 percent renewable energy.

The Sierra Club notes that so far in the US, more than 80 cities, five counties, and two states have committed to 100 percent renewables. Six cities have already hit the target.

The group RE100 tracks 152 private companies across the globe that have committed to 100 percent renewables, including Google, Ikea, Apple, Facebook, Microsoft, Coca-Cola, Nike, GM, and, uh, Lego.

The timing of all these targets (and thus their stringency) varies, everywhere from 2020 to 2050, but cumulatively, they are beginning to add up. Even if policymakers never force power utilities to produce renewable energy through mandates, if all the biggest customers demand it, utilities will be mandated to produce it in all but name.

The rapid spread and evident popularity of the 100 percent target has created an alarming situation for power utilities. Suffice to say, while there are some visionary utilities in the country, as an industry, they tend to be extremely small-c conservative.

They do not like the idea of being forced to transition entirely to renewable energy, certainly not in the next 10 to 15 years. For one thing, most of them don’t believe the technology exists to make 100 percent work reliably; they believe that even with lots of storage, variable renewables will need to be balanced out by “dispatchable” power plants like natural gas. For another thing, getting to 100 percent quickly would mean lots of “stranded assets,” i.e., shutting down profitable fossil fuel power plants.

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