6 | ACORE sector ingenuity and investment, along with government policy, has driven significant cost reduction, technology improvement and scale-up of the renewable energy industry. Over the last five years, 35% of all new power production has come from renewable energy generation. At the same time, developments in natural gas extraction present game-changing opportunities. Stringent environmental standards are raising performance requirements. The central generation fleet is aging and the transmission/distribution systems require expansion and upgrade. The broadening fuel portfolio and need for extraordinary capital investments are occurring even as technological innovations, regional differences in resource availability, shifting cus-
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