TREIA Leadership has identified three main focus areas that are key in unlocking the grid of the future. Knowledge creation around these core thrusts will lead to action that can truly move the needle for our renewable energy industry. GridNEXT aims at solving the regulatory, technical, business, finance and policy challenges facing holistic grid integration.
Source: International Energy Association
Distributed Energy Resources (DERs) – Tackling the technical challenges of grid integration. There is a significant movement to embed energy resources on the distribution system in ways our utility infrastructure has never seen before. The driving forces for this change cut across our entire industry and include economics, technology and renewable energy. The end consumer wants this change to create a sense of energy independence, power of control, sustainability and resiliency of their world. There is a critical need for the Texas energy industry to get out ahead of this shifting energy delivery system to prepare for a healthy progressive transition in the way we regulate, operate and run our energy market. Electric utilities have recognized the overwhelming potential impact and are embracing the need to adapt along with the market. Whether DERs are solar, storage, wind, biofuels, geothermal, or demand response, reform is needed just the same. TREIA is the hub for connecting utilities, technology, regulators and developers to work through issues and barriers and advocate new market rules and policy for a leading DER market in the State of Texas.
Business Model Innovation – Solving the organizational challenges within a changing marketplace. The energy industry is rapidly changing and many legacy organizations are looking for new strategies and business models to remain relevant, be profitable and grow. The implications of such business model changes are far reaching and require organizational, technical and regulatory innovations to ensure that all parts can support holistic change. TREIA is a forum for these organizations to explore and learn from each other on their path of renewal as stronger, more flexible, growth-oriented business entities. In addition, GridNext will witness the rise of many new organizations adding value to the Texas energy ecosystem. These entities will also find TREIA to be a living laboratory to test innovative business models and advocate for new market opportunities.
Energy of Things (EoT) – Addressing the communication challenges of a multi-directional grid. The EoT is the network of physical objects or "things" across the energy continuum from plug loads on the demand side to large power producers on the supply side and everything in between. The evolving Texas energy market will draw and expand on applications that integrate the consumer with both distributed resources and the grid in real time. By 2020, an estimated 50 billion devices around the globe will be connected to the Internet. Perhaps a third of them will be computers, smartphones, tablets, and TVs. The remaining two-thirds will be other kinds of “things”: sensors, actuators, smart inverters, and newly invented intelligent devices that monitor, control, analyze, and optimize our world. There are tremendous challenges and opportunities for TREIA in both expanding existing markets and opening up new markets in the Energy of Things.