London, U.K. and New York, NY, U.S.A. — (METERING.COM) — November 23, 2012 – The increased adoption of smart grid technologies and the deployment of microgridsare among the keys for achieving sustainable energy for all, according to a new report from the UN Global Compact and Accenture.
The report, Sustainable Energy for All: Opportunities for the Utilities Industry, says that the smart grid and innovative business and financing models to determine how to integrate these new technologies are the major innovation trends taking shape in the utilities industry. These innovations can be combined to expand access to sustainable energy and increase efficiencies and renewable energy generation in the industry.
The reportis one of a series of 19 covering the roles of different industry sectors in supporting theSustainable Energy for Allinitiative. Its aim is to provide guidanceand inspire utility companies to takeaction to advance the three objectives ofthe initiative,while simultaneously maximizing theirrealized business value.
Sustainable Energy for All is an initiative of UN Secretary General Secretary-GeneralBan Ki-moon, with the triple objectives by 2030 of ensuring universal accessto modern energy services, doubling the globalrate of improvement in energy efficiency, and doubling the share ofrenewable energy in the global energy mix.
The report describes sustainable energy as a value driver for the utilities industry.Utility companies have the opportunityto drive revenue growth by entering newmarkets that responsibly serve customerswho do not yet have access to energy andto expand services to growing urban areas.
Other recommendations for the utility industry include integrating a higher percentage ofrenewable energy into the electrical grid, improving energy efficiency in operations, and increasing the adoption of an alternative energyvehicle infrastructure and a low carbon grid. Consumers should also be educated on how to improveenergy efficiency, and new products and services need to be created toincrease sustainable consumption.
The reports are based on research and interviews with more than 70 companies, with approximately half of therecommendations focusing on energy efficiency, just over one-third on renewable energy use and the remainder on access to energy.
The five most common priority actions identified across all sectors were driving energy efficiency in operations as well as through energy efficient products and services, the use of renewable energy in operations, and engaging in stakeholder engagement and advocacy.