the future dr. chandu visweswariah ceo, utopus insights, inc. · annual energy policy summit 2...
TRANSCRIPT
The Future (of the Grid)
Dr. Chandu VisweswariahCEO, Utopus Insights, Inc.
August 6, 2017
www.utopusinsights.com National Conference of State LegislatorsAnnual Energy Policy Summit
“Prediction is very difficult, especially if it’s aboutthe
future.”
"The Future," Chandu VisweswariahCEO, Utopus Insights Inc.
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— Niels Bohr, physicist
“The best way to predict the future is to create it.”
— Abraham Lincoln / Peter Drucker
“The biggest risk is to not take any.”
— Kerrick Johnson, VP Strategy, VELCO
“The future is coming at us faster than ever before.”
— Chandu Visweswariah
Is the future coming at us faster? Why?
"The Future," Chandu VisweswariahCEO, Utopus Insights Inc.
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Googlesearches
2.4 M / minute 19 years
E-mail 150 M / minute 25 years
Snapchat 1.8 M / minute 6 years
Tinder 972 K / minute 5 years
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Tipping points
2Future grid
3Digital energy revolution Call to action
4
Disruptive energy mega-trends
AD
OPTI
ON
TIME
We are here
20202010
$150/kWh
PMUs
Solar grid parity
Wind grid parity
Smart meterroll-out
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Tipping point: Cost of delivered electricity
*“Natural Gas and Wind are the Lowest-Cost Generation Technologies for Much of the U.S.,” UT Austin report, December 8, 2016
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$234,,000000,,0000,,00000
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$268,000,000,000
Worldwide 2015 new electricity generation spend
4x 6x
Tipping point: Strategic electrification
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National Conference of State LegislatorsAnnual Energy Policy Summit
3x 1.5 – 10x
Tipping points
Tipping points are followed by mass adoption
Tipping points are caused by economics!
Tipping points are inexorable
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"The Future," Chandu VisweswariahCEO, Utopus Insights Inc.
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Tipping points
2Future grid
3Digital energy revolution Call to action
4
Energy transformation Sankey diagram 2015 2050
Courtesy Dr. Asa Hopkins from the Vermont CEP (Comprehensive Energy Plan), Planning and Energy Resources Division, Public Service Department
Internal combustion EV
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Rate payersEngaged “prosumers,”democratized grid
Volumetric sales New business models
Generation follows load Load follows generation
Static planningDigitization with predictive
real-time optimization
What do these changes mean for the grid?
TODAY’S GRID TOMORROW’SGRID
Centralized, 1-way flow Distributed, omni-directional
Small-scale uncertainty Large-scale uncertainty
"The Future," Chandu VisweswariahCEO, Utopus Insights Inc.
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In short… we need a grand orchestration
Constrained/Scarce Energy Abundant/Plentiful Energy
“Later” “Run the dishwasher”
Discharge Charge the battery
Delay or vehicle-to-grid Charge the EV
Turn on expensive power Curtail expensive power
Post-heat, post-cool Pre-heat, pre-cool
DER = “Distributed Energy Resources” or “Digital EnergyRevolution?”"The Future," Chandu VisweswariahCEO, Utopus Insights Inc.
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Three legs of the stool
Digitizatio
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Tipping points
2Future grid
3Digital energy revolution Call to action
4
Need of the day: “a new intelligence”
Hyper-local
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Hyper-local
Use all datasources
Need of the day: “Cauranteedwataintelligence”
automatically into a common data model
Specialized high-resolution weather
Unsupervised deepmachine learning:Solar 94% accuracyWind 91% accuracy
Demand 98% accuracy
StochasticoptimizatiAonnnual Energy Policy Summit
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CEO, Utopus Insights Inc. Annual Energy Policy Summit
Smart meter penetration 2015
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Institute for Electric Innovation
Number one in installed wind: 20 GW
Texas
Clean Energy Momentum, Ranking State Progress,Union of Concerned Scientists, April 2017
Alaskah
Hawaii"The Future," Chandu Visweswaria National Conference of State Legislators
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CEO, Utopus Insights Inc.
Number one in solar per household: 960 W
Clean Energy Momentum, Ranking State Progress,Union of Concerned Scientists, April 2017
Alaskah
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CEO, Utopus Insights Inc.
Highest percent of renewable electricity: 76.3%
South Dakota
Clean Energy Momentum, Ranking State Progress,Union of Concerned Scientists, April 2017
Alaskah
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CEO, Utopus Insights Inc.
Highest increase in renewable fraction: 8% 24%
Clean Energy Momentum, Ranking State Progress,Union of Concerned Scientists, April 2017
Alaskah
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CEO, Utopus Insights Inc.
Most new renewables since 2011: 1.6 kW per capita
Clean Energy Momentum, Ranking State Progress,Union of Concerned Scientists, April 2017
Alaskah
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CEO, Utopus Insights Inc.
50% reduction of methane (a.k.a. natural gas)
Clean Energy Momentum, Ranking State Progress,Union of Concerned Scientists, April 2017
Alaskah
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CEO, Utopus Insights Inc.
Strongest energy efficiency savings/standard: 2.9%
RI
Clean Energy Momentum, Ranking State Progress,Union of Concerned Scientists, April 2017
Alaskah
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CEO, Utopus Insights Inc.
Most electric vehicle (EV) penetration: 3.5%
Clean Energy Momentum, Ranking State Progress,Union of Concerned Scientists, April 2017
Alaskah
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CEO, Utopus Insights Inc.
Friendliest to business for renewable adoption
Clean Energy Momentum, Ranking State Progress,Union of Concerned Scientists, April 2017
Alaskah
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CEO, Utopus Insights Inc.
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Tipping points
2Future grid
3Digital energy revolution Call to action
4
Take-aways
Ignore exponential trends at your peril!
Winning technologies are determined by economics!
Embrace digital data and insights thereof!
Call to action
Long-term energy plan
Millennial focus groups
Business-friendly? Cloud-friendly?
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Thank you!
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