In this interesting article, the head of the National Renewable Energy Laboratory refers to the surprising fact that the electric utility industry has spent a remarkably low amount, just 0.3% of its revenues over the past decades in research. The statistic indicates just how entrenched in the old ways of producing and selling electric power the industry is, and why most of it is fighting so hard against the emerging new infrastructure which will rely more heavily on renewable sources.
Utilities Need to Face the Future
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