A Perspective on the Future of Energy: Scenarios, Trends, and Global Points of View

As the electricity industry continues to undergo changes at a rapid pace and scale, the Electric Power Research Institute (EPRI) has undertaken a scenario planning effort to develop a strategy for the research and development (R&D) portfolio moving forward to ensure that EPRI’s R&D is focused on areas that are most important to the industry and society as a whole. As part of this effort, EPRI developed an envelope of four possible future scenarios, representing plausible boundaries for what the future might look like. In contemplating each scenario, EPRI identified how such a future would impact the electricity industry and society and what the key R&D needs would be. Throughout this process, EPRI identified “Global Points of View” that are consistent across many, if not all, of the scenarios, helping to shape a vision of a research strategy moving forward and identifying any gaps that may need to be addressed. These paint a vision of the future, and EPRI’s Integrated Energy Network is the pathway to get there reliably, affordably, safely, and in an environmentally responsible manner.

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