28 Feb '14, 1pm

Opower CEO: Don't underestimate utilities in energy transition

Opower CEO: Don't underestimate utilities in energy transition

Some view incumbent utility companies as dinosaurs , unable or unwilling to keep up with the disruptive forces of distributed solar and other emerging technologies. Opower CEO Dan Yates doesn't see it that way. Yes, utilities are, on the whole, playing defense, but once regulations are reformed, they will be well positioned to take advantage of solar, distributed storage and a world where consumers have more control over how they spend money on energy. "This talk of doom and gloom around utilities is a load of hogwash," said Yates. "You'll see some disruptive entrants but the industry is so big and powerful, and utilities are not stupid so they are well positioned in this evolution." Yates sells software to utilites so he has a clear interest in a financially vibrant industry. But that also gives him a good view into the utilities that have invested in technology and chang...

Full article: http://www.greenbiz.com/blog/2014/02/27/opower-ceo-dont-u...

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