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They suggest low-income home weatherization; energy efficiency retrofits for homes, as well as commercial and government buildings; strengthened national building codes; enhanced product efficiency standards; and energy efficiency investment by utilities. They also advocate creating state regulations that allow utilities to earn a rate of return on new efficiency investments, since the current system encourages utilities to make more money by selling more energy, as opposed to saving it.24 Austin Energy, a municipally owned utility in Austin, Texas, has achieved great success with its pioneering Energy Efficiency, GreenChoice, and Solar Initiative Programs. Their creative use of rebates and loans for home energy efficiency improvements, free energy audits, and free weatherization resulted in sizeable reductions in energy used, costs and emissions. In 2007, Austin Energy achieved a reduction of 65.4 peak MW, saving 119 million kWh of energy and $11.3 million. They also reduced emissions of carbon dioxide by 70,000 tons, mono-nitrogen oxides by 48 tons, and sulfur dioxide by 44 tons.25 By combining innovation, education, and leadership, the United States will increasingly employ serious efficiency and conservation-minded policies. The Obama administration’s American Recovery and Reinvestment Act may signal a new era that meets immense challenges with bold and thoughtful actions to ensure the prosperity of future generations. Infrastructure Technologies Smart Grid Electricity, not oil, is the backbone of the U.S. energy economy. It has emerged as the only form of energy that can power today’s and tomorrow’s information technologies and ensure the wealth of our post-industrial world. Already, more than 60 percent of GDP comes from industries that run on electricity,26 and electricity constitutes roughly 50 percent of total energy consumed in the United States.27 As these numbers continue to grow, the role of the national electricity grid in the nation’s future can hardly be underestimated and neither can the risks due to reliance on a largely antiquated electricity infrastructure. Power outages and quality issues already cost domestic businesses upwards of $100 billion per year.28 These problems are the direct result of the fragmented structure of the grid as well as the outdated technologies it uses. And the problems are growing. According to the DOE, the average power outage affected 15 percent more consumers from 1995 to 2000 than from 1991 to 1995. Also, of the five massive blackouts in the past 40 years, three have occurred in the past 10 years.29 Despite the central importance of the grid to U.S. society and the rate of technological advances in all other sectors of the economy, research and development investment in the area of electricity transmission has been amongst the lowest in all industries. More than 70 percent of all transmission lines are 25 years or older, as are more than 70 percent of 90PDF Image | Shaping Energy Technology Transition
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