News of the Energy Future

The combination of new technologies and new methods of financing has set the stage for microgrids to play a major role in decarbonization. The method of providing energy as a service, and therefore moving the upfront cost away from consumers, has shown significant popularity. The falling costs of both battery storage and solar technology have made microgrids a more attractive option, while reports from the DoE emphasize the role they can play in grid stability and resiliency.

With strong natural resources and a government that has passed significant legislation to encourage solar, utility-scale PV is poised for growth. However, in order to attract key international investment, the government must ensure stability and encourage long-term investment. By doing so, Colombia can continue to utilize its natural resources while shifting from its current hydropower reliance. A new energy matrix, with solar playing a much larger role, looks to be in the fu

Incorporating new renewable projects, especially solar, into the matrix can take advantage of Colombia's naturally high radiation, reduce reliance on hydropower in the overall energy matrix, and allow communities currently relying on diesel to switch to a more sustainable option.

Across the globe, rural areas struggle with grid interconnection and chronic energy instability, leading to widespread energy poverty....