Andrew Waranch is president and CEO of Spearmint Energy, an energy storage company.

The U.S. electric grid is on the cusp of generational growth. The industrial shifts that will reshape the global economy and create the next generation of American jobs all need electricity, and lots of it. After decades of stagnation, demand for electricity in the U.S. is projected to increase by more than 15% by 2029.

A national effort to promote investment in reliable energy infrastructure is underway, as seen in President Donald Trump’s Council on Energy Dominance and various state and federal initiatives. The efficacy of all this work, however, depends on one fundamental question: Will the electric grid of the future be determined by free market competition or by monopoly utilities?

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