Electric Company Investments for 21st Century Electrification
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Purpose of Review
This review highlights electric company strategies and practices that support end-use electrification amidst a global transformation of electric power systems, emphasizing near-term opportunities related to transportation and rural energy access, as well as enabling conditions for electrification pathways.
Electrification is an integral part of twenty-first-century energy system transformation. Accelerated deployment of electric technologies can result in multiple potential benefits, including reduced greenhouse gas (GHG) emissions, improved air quality, lower costs, and better performance within specific energy end uses and the overall electricity system. Electric companies are actively supporting electrification with investments that further integrate the electric power system with transportation, buildings, agriculture, and other end-use sectors. Related investments in clean energy and smart infrastructure can ensure that electrification measures maximize their potential value to consumers, businesses, and society.
With detailed knowledge of existing infrastructure, operational requirements, and end-user behavior and preferences, electric companies are uniquely positioned to inform electrification choices and ensure that infrastructure investments are made at the lowest cost to consumers.
KeywordsElectrification Electric vehicles Clean energy Smart grids Smart energy infrastructure
Compliance with Ethical Standards
Conflict of Interest
The authors declare that they have no conflict of interest.
Human and Animal Rights and Informed Consent
This article does not contain any studies with human or animal subjects performed by the authors.
Papers of particular interest, published recently, have been highlighted as: • Of importance •• Of major importance
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