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If a region’s leadership position in sustainable renewable energy and energy conservation technologies is to be secured, it will not only require technological breakthroughs, but also new forms of cross-sector cooperation. Institutions from the public, private, and non-profit sectors must discover new ways to act in concert to bring about change. [...] Technology breakthroughs in sustainable renewable energy and energy conservation technologies require that there be a strong institutional ecosystem in place that supports innovation. The Nobel Prize winning economist Doug North has established that major economic leaps forward do not rest on technology alone. They require a sound institutional foundation, but the nature of this institutional foundation and how it works particularly in the area of sustainable renewable energy technology and energy conservation is not well known. [...] Major outages over the last several years have highlighted the need to update the nation’s electric power grid to provide a secure and reliable source of electricity for the future. Much of the antiquated infrastructure will be replaced with digital systems providing the grid with the capability to reconfigure itself and prevent widespread outages. Upgrading the power grid, however, will present many new cyber security challenges that must be dealt with before extensive deployment can begin. [...] |
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