2023 Resourcefulness Insight Report on U.S. Energy Transition

This report is a comprehensive examination of the ongoing energy transition in the United States, focusing on perspectives from utility executives and state utility commissioners. It documents the significant momentum of the energy transition driven by public demand, the decreasing costs of renewable energy, and supportive environmental legislation. While 88% of surveyed utility executives consider the transition essential, only 45% are actively progressing towards implementing their plans. The report outlines various risks associated with ensuring reliable energy supply and meeting customer expectations while building renewable energy capacity. Key barriers identified include infrastructure upgrades, funding challenges, and the regulatory approval process. It also highlights the critical role of consumers in facilitating the transition by adopting energy-efficient practices and participating in demand response programs. Additionally, the report emphasizes the need for technology investments, education, and advocacy to overcome these challenges and prioritize the energy transition effectively.