We cannot get away from the gulf disaster, the effects on the environment have been catastrophic and now more than ever the need for a renewable future is key.

The NGU LA committee was called to action to discuss implementation strategies and renewable futures.

President Barrack Obama and President Felipe Calderon have agreed to seek suspension on oil exploration near the western gap of the Gulf of Mexico. Now more than ever we are in need of a future that relies on renewable energy sources and not the fossil fuels of the past. The Gulf oil leak has had catastrophic environmental impact, it is unfortunate that such a disaster has been needed to encourage investment into a greener energy solutions; however, the NGU LA Committee is determined that utilities leaders will be the driving force to lead a change in tact.

The two presidents have agreed to create a ‘Cross Border Electricity Task force’ to promote regional renewable energy markets between the two countries. And the rest of Latin America is keen to demonstrate their ability to provide cutting edge technology to secure the future. Key topics discussed electricity transmissions, grid connections, and solar/wind projects.

So what was learnt at the NGU LA summit? The commercial availability of fast energy storage systems provides significant opportunity to improve the efficiency, effectiveness, and reliability of the electric grid. These technologies are well-suited to strengthen grid stabilization by delivering immediate response, high-power density, and high cycle life.

“Supplementing the use of conventional generation assets, fast energy storage can free up thermal power plant capacity currently used for frequency regulation and be used toward smoothing the output of renewable generation and power quality management.” Said key speakers of the NGU LA Committee

Despite the obvious benefits of a renewable future revenue assurance is still a key issue for utilities companies in Latin America. Mentioned were the high non-technical losses and huge collection problems, representing revenue leakage. Additionally, faults in electricity distribution grid and, consequently fines must be addressed. While there is no “one-solution-for-all-consumers", smart metering seems to be the sensible one.