Renewable energy and distributed energy resources (DERs) continue to flood the electric utility grid providing cleaner and more sustainable energy. As the traditional power grid evolves into a smarter electric grid, environmental regulations push for more cleaner renewable energy sources. Solar PV electric power systems are leading the path in this effort with improvements in technologies, efficiencies, and cost reductions. The grid-tied solar systems are gaining popularity and becoming more favored over other solar electric systems.
Major trends are happening within the electric power industrythat are affecting the electric power grid. There are changes taking place with many power utilities and their stance on the typical power generation mix.
Many electric providers are making changes to their power portfolio by decreasing their demand on fossil power and nuclear generation; moving towards cleaner and greener power sources with renewable resources, such as: natural gas, wind, solar and energy storage. As the efficiencies increase and installation costs decline for these renewables; this makes these generation assets much more attractive for future utility investments.
Some of these major utility trends will continue to evolve in 2019 and beyond.