Technology Planning for Aligning Emerging Business Models and Regulatory Structures — The Case of Electric Vehicle Charging and the Smart Grid

Abstract

Smart Grid has the potential to produce over $2 trillion of benefits in the US utility sector over the next 20 years, according to a study by the Electric Power Research Institute. However, the study also projects significant costs of up to $476 billion to achieve these returns. Therefore, while smart grid represents an enormous opportunity, with a benefit-to-cost ratio of nearly 6 to 1, given the enormous financial sums at stake, it is crucial that the planning process for smart grid be done with extreme care. Planning the deployment of smart grid technology in the electric utility sector can be a complex and difficult process due to regulatory frameworks that have evolved to protect consumers, the need for development of standards regarding numerous emerging technologies, and the need for emerging business models which can fit with these evolving technology and regulatory frameworks. Technology roadmapping provides a number of useful tools which can help with the planning of smart grid development, but a highly integrated approach is needed to accommodate the full range of factors mentioned. Research Concept References Research Gaps Various processes developed for applying TRM in current and emerging industries 2018 Proceedings of PICMET '18: Technology Management for Interconnected World 978-1-890843-37-3 ©2018 PICMET Research Concept References Research Gaps Smart grid roadmap literature typically focuses on operational plans for utilities as opposed to regional energy planning Generally do not consider regional goals and structural barriers to business and market adoption No current SG roadmaps for Oregon or the Pacific Northwest.