Is the Grid Ready for Our Electric Future?Electricity: A Powerful Tool to Cleanse Sectors of Emissions06Necessity Becomes the Mother of Grid Modernization13The Power Paradox: Increasing Electricity Demand and Its Challenges09Executive Summary01The Grid Is Warning Us03ContentsOur changing climate demands bold action, including a dramatic overhaul of our energy industry and a transformation of the electric grid that powers the United States, which is directly responsible for a quarter of U.S. greenhouse-gas emissions.1 But climate change alone isn’t the only reason we need to reassess the grid.Our modern world increasingly runs on electrons, from the electric vehicles zooming down roadways to the heat pumps making offices and homes comfortable in summer and winter. More and more, generators source that power from the sun, wind and other renewables. Meanwhile, individual homeowners and businesses deploy micropower generators like solar photovoltaics on their property that connect to the grid all along the distribution system. Sometimes these users pull electricity from the grid, and other times, they push it on. All of this makes for a significantly more complex power system.E xe c u t i v e S u m m a r y0102“Climate change is happening now, and addressing it requires an upgrade of our energy systems away from fossil fuels," explains J.J. (Jeong Joon) Yu, SK Group Vice Chairman and Chief Executive Officer of PassKey. "It is clear that a cleaner, smarter, more efficient energy grid is good for people and for our planet. That's why we must progress toward our all-electric future through innovations that will help meet the world’s demand for clean and reliable power,” he adds.SK and its operating comp...
