Demand Response & Efficiency are Catalysts to the Energy Industry

How Demand Response Will Shape the Future of Energy

Intelligent Utility, January 6, 2015

An article on The Energy Collective explores the expectations for what the “next big thing” will be in the energy industry. The piece discusses how not one person in attendance at a recent energy conference could have guessed ten years ago that shale gas would be such a significant aspect of today’s energy industry. This led to the question, “What is the next shale gas?”

Key speaker Charles O. Holliday, Jr., chairman of Bank of America, answered that question by saying,
It’s energy efficiency. As you look at the technology available today that has not been connected yet, the opportunity of energy efficiency is tremendous. We see in this report an $8.8 trillion investment capability on good return projects over the next 15 years in energy efficiency.

The report is a collaborative effort by leaders in economics and business, focused “on the relationship between actions which can strengthen economic performance and those which reduce the risk of dangerous climate change.”

The shale gas revolution has polarized much of the world, especially within the northeast United States, where a predominant amount of fracking has taken place over the last ten years. Opponents argue that fracking does nothing but empower and enrich gas and oil companies, and risk contaminating the environment.

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