May 10, 2022
The electric power industry is in the midst of a significant transition from a predominantly centralized and fossil fuel-based system to one that is increasingly decarbonized, digital, and distributed. Notably, distributed energy resources (DERs) are expected to grow very rapidly in the near and medium term. According to a National Renewable Energy Laboratory (NREL) November 2021 study of changes from economy-wide electrification, distributed solar is expected to double from 2022 levels by 2030. Perhaps most impactfully, electric vehicles (EVs) could constitute as much as 76% of vehicle miles traveled by 2050. The Edison Electric Institute estimates that more than 100,000 EV fast charging ports will be needed to support the nearly…
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