Evolution of US power market design seen as key to technology for energy transition

摘要

Understanding competitive power markets, which serve roughly twothirds of US power demand, is key to developing new technologies as part of the energy transition that will need long-duration energy storage, carbon capture, advanced nuclear and other innovations, an executive said May 25. “Understanding competitive power markets is key to integrating new technologies into existing market structures,” Curt Morgan, CEO of independent power producer Vistra Energy, said during the virtual Advanced Research Projects Agency-Energy Summit. As an IPP, Vistra relies on the wholesale electricity market for its revenue. The company is transitioning its power generation resources away from fossil fuels to low- and zero-carbon emissions resources, Morgan said.