On Monday, December 5th, members of the MIT study team presented the results of The Future of the Electric Grid: An MIT Interdisciplinary Study at the National Press Club, 529 14th Street NW, Washington, DC. The press conference at which the study was released was webcast and can be viewed here.
This two year, multi-disciplinary study identifies the main opportunities and challenges facing the development of the U.S. electric grid over the next two decades and recommends policy actions to facilitate its evolution into a “smart grid” that can help meet the nation’s electricity needs in the 21st century.
The study was co-chaired by Professor Richard Schmalensee, CEEPR’s Director and Former John C Head III Dean of the MIT Sloan School of Management, and John G. Kassakian, Professor of Electrical Engineering and Computer Science and Former Director of the MIT Laboratory for Electromagnetic and Electronic Systems. Professor Henry D. Jacoby and Visiting Professor Ignacio Pérez Arriaga contributed to the economic analysis, as well as CEEPR research assistant Vivek Sakhrani.