Key Survey Trends
Trend 1
Resilience Top of Mind
A third of respondents point to climate change and destructive climate-related disasters as the most disruptive existential threat to the power industry today, while slightly more (40%) cited aging infrastructure and an overall decline in the quality of life as the most pressing concerns today. For many communities across the U.S., these two threats go hand in hand, creating urgency for utilities to improve system reliability and deliver 24/7 power to their customers.
What is the most disruptive existential threat facing U.S. utilities and the communities they serve today?
Aging infrastructure and decline in overall quality of life
Climate change and destructive climate-related disasters
Inequity and rising costs associated with maintaining quality of service
Trend 4
Trend 2
35%
25%
Building Regulatory Consensus
Which of the following stakeholders should utilities prioritize partnering with to successfully navigate the energy transition?
In spite of a complex regulatory environment, utilities are eager to act on multiple fronts to improve resilience and better serve their customers. When asked which stakeholders utilities should prioritize partnering with to successfully navigate the energy transition, more than half (56%) pointed to state and local governments, including regulators.
State and local government, including regulators
Solution and innovative technology providers
Large C&I customers
56%
29%
15%
Bullish on Federal Investment Programs
Twenty years from now, how will the Inflation Reduction Act be remembered?
When asked about the long-term impact of the historic Inflation Reduction Act, there is an even split (56%) between mainstreaming of transportation electrification and charging infrastructure and expanding clean power and renewables as the largest share of generation capacity in the U.S.
Mainstreamed transportation electrification and charging infrastructure
Established clean power and renewables as the largest share of generation capacity in the U.S.
Dramatically accelerated transmission and distribution upgrades and improved power system resilience
56%
56%
48%
Flexibility Investments Take Center Stage
Which of the following outcomes should utility infrastructure investments prioritize?
Improving resilience requires integrating more flexible generation and digitalization into the system. Sixty-one percent of respondents share this view, noting that utility investments should prioritize increasing flexibility to improve energy system resilience over accelerating deployment and integration of clean and distributed energy or promoting equitable growth and beneficial impacts to customers.
Increasing flexibility to improve energy system resilience
Accelerating the deployment and integration of clean and distributed energy
Promoting equitable growth and beneficial impacts to customers across the network
61%
14%
25%
*Survey recipients were asked to select three options for this question, the graphs above represent the top three responses.
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Trend 1
Trend 2
Trend 3
Trend 3
Trend 4
40%
For full survey results, download the report
For full survey results, download the report
For full survey results, download the report
Download the Report
Download the Report
Download the Report
