Full Title: 21st Century Electricity System CEO Forum Summary: Cambridge, MA
Author(s): N/A
Publisher(s): Advanced Energy Economy and MIT Industrial Performance Center
Publication Date: 3/2013

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Description (excerpt): 

On March 6th, Advanced Energy Economy (AEE) & MIT’s Industrial Performance Center (IPC) convened a group of senior utility sector executives and advanced energy company CEOs at MIT to discuss the challenges and opportunities for accelerating innovation in the U.S. power sector. The half-day, invitation-only event was the inaugural session in a series of regional convenings of advanced energy CEOs and other leaders in the energy industry. The goal of these discussions is to develop an action plan that will identify key pathways to help accelerate business innovation and advanced energy technology market adoption within the power sector. The next event in the series will take place in Texas.

Participants at this first meeting identified three opportunities to help meet the innovation goal:

1.    Help advanced energy companies better understand the taxonomy of utility needs
2.    Align business models and incentives so that innovation can create value for the full range of stakeholders and thus can be embraced by utilities
3.    Assist regulators in encouraging innovation in the electric power sector.