Over the past several years, EPRI has undertaken an Efficient Electrification research initiative to help the electric power sector and related stakeholders identify cost-effective and resilient strategies to produce and use clean energy. Great River Energy (GRE) has joined with EPRI to conduct modeling and scenario analysis exploring the potential for adoption of advanced electric technologies in three end-use sectors: buildings, transportation, and industry. Utility-level analyses were carried out using detailed end-use modeling techniques developed by EPRI along with data and insights provided by GRE. Overall, this study identifies numerous opportunities for GRE and its cooperatives to assist their customers with the efficient electrification of end-use technologies.
A few key insights from the analysis:
- There is a high potential for electrification of light-duty vehicles; however, the timing and speed of future electric vehicle adoption is highly uncertain and depends on numerous factors.
- The market for medium-duty and heavy-duty electric vehicles is currently early-stage but could develop quickly.
- Non-road transportation equipment offers many near-term solutions for customers, with many new technologies in development.
Additional insights are shared in this report.