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A recent study reveals that "floating solar photovoltaic systems are rapidly gaining traction due to their potential for higher energy yield and efficiency compared to conventional land-based solar photovoltaic systems.” The technology, studies have indicated, generates 0.6 percent to 4.4 percent more energy and exhibits efficiency improvements ranging from 0.1 percent to 4.45 percent over land-based solar power plants.

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.

By adopting new technologies now, utilities can build a transmission grid well-positioned for an efficient and resilient renewable-based economy.