Designing and deploying a capital-efficient and affordable system | Efficient decarbonization planning; Cross-sectoral resource planning; Capital efficiency in energy sector spending; Empowering and educating customers to manage rates. | - Plan investments for long-term decarbonization - Deploy capital more cost effectively - Empower and educate customers to manage rising rates | Improved energy affordability, potential for clean energy growth, reduced environmental impact. |
Strengthening supply chains | Secure availability of raw materials; Scale up resilient manufacturing; Develop and acquire talent. | - Secure long-term supply agreements for raw materials - Innovate to reduce material constraints - Invest in talent acquisition and development | Stable access to materials, potential for job creation, ensuring a resilient energy supply in the Pacific region. |
Securing access to adequate land | Developing land with strong potential for renewables efficiently; Improved solar and wind technology; Value sharing with communities. | - Efficiently develop land for renewables - Improve technology efficiency to require less land - Share economic value with communities | More efficient use of available land, potential for renewable energy generation, increased local economic opportunities. |
Reforming transmission development | Diversification of transmission methods; Deploying DERs; Optimizing electric transmission; Transition to dispatchable zero-carbon resources. | - Deploy DERs for local capacity - Optimize electric transmission with existing gas network - Transition to dispatchable zero-carbon resources | Enhanced grid reliability, integration of renewables, ensuring energy access in remote Pacific areas. |
Creating market mechanisms | Establish market mechanisms to ensure reliable and adequate clean-energy supply; Revise resource planning; Expand forecasting; Incentivize flexible power sources. | - Revise resource planning for decarbonization - Expand forecasting to account for changing supply and demand - Provide incentives for flexible power sources | Ensure power reliability, affordability, and sustainability in the Pacific region. |
Accelerating technological innovation | Investing to reduce risk; Providing long-term market and regulatory clarity; Investing in shared infrastructure to scale up new clean technologies. | - Invest in research and development for new technologies - Provide regulatory clarity and incentives - Invest in shared infrastructure for scaling up new technologies | Access to cutting-edge technologies, sustainable energy solutions, job opportunities in innovative sectors. |