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Solar and Storage Could Reshape Rural Electricity Markets
Rural electric cooperatives may be next in line for meaningful disruption from lower-cost, renewable power generation technologies such as wind and solar. The co-operative movement, a creation of FDR’s New Deal, has survived the past ninety six years with a simple mandate: provide low-cost, reliable electricity in under-served rural areas. From a business perspective rural electrification always seemed like a terrible idea. The electric utility has to spend prodigiously on poles and wires for a sparsely populated area with a few customers…