The NY REV: To Innovate, More R&D Spending By Utilities?

On July 20th, the World Economic Forum in collaboration with the New York Governor’s office, organized a workshop focused on New York’s Reforming the Energy Vision initiative. A number of leading energy professionals participated, including representatives from the utility sector, capital markets experts, as well as current and former state utility regulators. Participants worked together to craft practical policy recommendations designed to advance the various reforming the energy vision goals. Significant dialogue centered around the need for technology and business innovation, with concerns stemming from a lack of utility shareholder funded research and development (R&D). In 2015, Some utilities spent… [more]