Read the full post from the Rocky Mountain Institute.
The transition to low-cost, highly efficient clean energy technology is being accelerated by an accompanying revolution in innovative business models to deploy that technology. This new approach can be seen in a number of clean energy markets; whether the underlying technology is a recent innovation, such as solar photovoltaics (PV), or well established, like automobiles. As with other similar industry shifts, the fundamental drivers are sound economics combined with the right business model.
A recent example is Lumens as a Service (LaaS), which is the subject of a May 2017 report from RMI. The opportunity is enormous. According to one study, potential building energy efficiency savings could exceed $1 trillion over a decade. The opportunity is particularly compelling for lighting, as it represents about 10 percent of commercial electricity consumption, as reported by the U.S. Energy Information Administration in 2016.