Electricity powers our economy, and with utilities predicting higher
electricity rates over the next decade, or longer, power providers must try new and innovative approaches to serving commercial and industrial users that will help them stay competitive.
Challenges
For many companies, electricity is a large cost of doing business. That fact requires utilities to provide not only affordable and reliable power, but energy that also comes with added value, such as innovative technologies that allow companies to monitor their power use and quality, and schedule operations to take advantage of favorable rates.
The Smart Energy Source Solution
Smart Energy Source will make possible innovative energy tools to give commercial and industrial electricity users an economic advantage. By sharing investment and resources, the Smart Energy Source partners will likely be able to develop and implement new technologies quicker.
Electricity can also drive growth when energy companies create jobs in a community. The Smart Energy Source initiative will create a hub of energy research and innovative that can spark job creation. Just as the founders of rural electric cooperatives did nearly a century ago, the Smart Energy Source partners are working together, sharing resources and creating opportunities through collaboration. It’s a quintessential American story of the cooperative spirit.