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Former Duke CEO Jim Rogers: The US Grid Will Be a ‘Blank Sheet of Paper’ [View all]
Former Duke CEO Jim Rogers: The US Grid Will Be a ‘Blank Sheet of Paper’
Former Duke CEO Jim Rogers: The US Grid Will Be a ‘Blank Sheet of Paper’
Rogers calls for “de-coupling on steroids” in order to get utilities prepared to rewrite the future.
Stephen Lacey February 10, 2014
Former Duke Energy CEO Jim Rogers predicts that nearly every single power plant operating today -- aside from some hydro and perhaps a few nuclear plants -- will be replaced by the middle of the century. He called it a “blank sheet of paper” that opens up the possibility of a major transformation for utilities.
Speaking at a recent Brookings Institution event on the future of utilities, Rogers offered his candid take on where the power business is headed. Although centralized natural gas and nuclear are at the top of his list for low-carbon technologies, Rogers said he believed a more distributed grid is inevitable.
"If you believe that climate is a problem -- and I do -- one of the big challenges as we redesign the generation fleet in this country is what will this mix will be," said Rogers. "Utilities need to embrace the future. They need to embrace distributed generation."
Before leaving his position as CEO last July, Rogers was blunt about the need to strengthen Duke's promotion of rooftop solar. The utility has already procured 400 megawatts of solar PV projects, but only 50 megawatts of that is rooftop solar. In 2009, Duke started a 10-megawatt rooftop solar program in North Carolina; however, Rogers called for legislative changes in the state to allow its renewables development arm to compete directly in the market with solar installers.
“This is a business we want to invest in -- we want to earn off of it. We don’t want to cede it to others...
Former Duke CEO Jim Rogers: The US Grid Will Be a ‘Blank Sheet of Paper’
Rogers calls for “de-coupling on steroids” in order to get utilities prepared to rewrite the future.
Stephen Lacey February 10, 2014
Former Duke Energy CEO Jim Rogers predicts that nearly every single power plant operating today -- aside from some hydro and perhaps a few nuclear plants -- will be replaced by the middle of the century. He called it a “blank sheet of paper” that opens up the possibility of a major transformation for utilities.
Speaking at a recent Brookings Institution event on the future of utilities, Rogers offered his candid take on where the power business is headed. Although centralized natural gas and nuclear are at the top of his list for low-carbon technologies, Rogers said he believed a more distributed grid is inevitable.
"If you believe that climate is a problem -- and I do -- one of the big challenges as we redesign the generation fleet in this country is what will this mix will be," said Rogers. "Utilities need to embrace the future. They need to embrace distributed generation."
Before leaving his position as CEO last July, Rogers was blunt about the need to strengthen Duke's promotion of rooftop solar. The utility has already procured 400 megawatts of solar PV projects, but only 50 megawatts of that is rooftop solar. In 2009, Duke started a 10-megawatt rooftop solar program in North Carolina; however, Rogers called for legislative changes in the state to allow its renewables development arm to compete directly in the market with solar installers.
“This is a business we want to invest in -- we want to earn off of it. We don’t want to cede it to others...
http://www.greentechmedia.com/articles/read/former-duke-ceo-jim-rogers-the-u.s.-grid-will-be-a-blank-sheet-of-paper
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