I had a great time recently at the EEI Annual Convention on June 7-10 in New Orleans, LA. EEI is the Edison Electric Institute, the industry association of the Investor Owned Utilities in the U.S. with international utility membership from all over the world. The Annual meeting is a unique event that includes the attendance and presentations by the CEOs of member utilities. The theme of this year's conference was "Electricity Matters", exploring the exciting changes happening all across the electric power industry.
The first day was full of excitement, with presentations from Ted Craver and Energy Secretary Ernest Moniz. Moniz shared his thoughts about the dramatically changing U.S. energy landscape, outlining the recommendations defined in the administration's Quadrennial Energy Review (QER), particularly relating to grid modernization, resiliency, and infrastructure investment.
EEI Chairman Ted Craver led a thought-provoking discussion with Elon Musk, CEO and product architect of Tesla Motors, who was joined by Tesla Motors Chief Technology Officer and Co-Founder JB Straubel. The three leaders discussed electric transportation, energy storage, and the role of technology and innovation for utilities and their customers. Other sessions on the first day included:
The second day of the EEI Annual Conference was just as exciting as the first, beginning with a general session roundtable discussion with the EEI leadership. EEI Vice Chairmen Nick Akins, Chris Crane, and Tom Fanning, and outgoing EEI Chairman Ted Craver shared their insights on the future of the integrated grid. Dominion Resources Chairman, President and CEO Tom Farrell moderated the discussion, which also touched on transportation electrification and distributed generation.
Additionally, there were four "Electricity Matters" session tracks:
Day three marked a great General Closing Session with former CIA Director and decorated General, David Petraeus, as the featured speaker alongside Nick Akins, CEO of AEP. Petraeus talked with Akins about the significant global challenges facing countries and organizations today, including ongoing international security issues, macroeconomic trends, energy policy, and strategic leadership in the 21st century. Petraeus also offered some thoughts on the changing energy landscape in the United States, as it relates to fuel diversity, cybersecurity, and the need for infrastructure investment. He believes that one of the biggest threats to the United States in security terms is cyberspace, especially the infrastructure for which the utilities industry is responsible.
What Does This Mean For Cisco?
The common theme of the conference was that huge changes are not just the future, but are here today. Industry leaders continue to emphasize the need to embrace distributed generation and the requirement to increase the automation and intelligence of the Distribution Grid. Ted Craver, both during his opening remarks at the General Session and his remarks as a panelist on the Role of the Utility in the evolving Distribution Grid, emphasized the dramatic changes in the mission of the distribution grid to connect diverse and variable customer owned energy resources. This represents enormous opportunity for Cisco but also requires flawless execution to address industry concerns for cost, security and performance.
The conference proved to be meaningful, and provided some great topic interaction and discussions between attendees.