Redefining the power industry

[...]we tap the ideas of one expert who warns that climate change may be shifting the economics of long-term infrastructure investment. Climate change creates new risks and exacerbates existing vulnerabilities in communities across the United States, presenting growing challenges to human health and...

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Bibliographic Details
Published inThe McKinsey quarterly
Main Authors Spencer, Glendon, London, Simon
Format Magazine Article
LanguageEnglish
Published New York McKinsey & Company, Inc 21.11.2019
Subjects
Climate change
Costs
Customers
Electricity
Electricity distribution
Emissions
Energy efficiency
Greenhouse effect
Industrial plant emissions
Infrastructure
Power plants
Solar energy
New York
United States > US
New Jersey
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Summary:[...]we tap the ideas of one expert who warns that climate change may be shifting the economics of long-term infrastructure investment. Climate change creates new risks and exacerbates existing vulnerabilities in communities across the United States, presenting growing challenges to human health and safety, quality of life, and the rate of economic growth. [...]households are installing “behind the meter” energy-storage systems, which help homes control energy costs and keep the lights on during grid outages. Aggregating millions of these systems could eventually help the power industry manage the richer mix of renewables and provide many more customers with distributed backup electricity when systems go down (increasingly likely as global warming makes for more damaging, unpredictable weather).
ISSN:0047-5394