The transformation of the energy sector is well underway. Decarbonization is driving the shift toward lower or zero-carbon energy generation. Renewables continue to grow in importance. Electrification is driving the mobility sector. Decentralization is providing customers with increased availability and access to distributed energy resources. Meanwhile, digitalization and the Internet of Things are enabling smart grids, giving customers greater control over energy choices and usage.
Electrification is driving the mobility sector. Decentralization is providing customers with increased availability and access to distributed energy resources. Meanwhile, digitalization and the Internet of Things are enabling smart grids, giving customers greater control over energy choices and usage.
This market transformation creates significant opportunities but has also given rise to challenges for utility strategies and operations. Utilities need to transform their business to address the attributes that customers, regulators, and stakeholders want from the future grid. The list of demands is long: keep the lights on, be resilient, be clean and sustainable, be economic, allow flexibility and choice, be equitable, and be cyber safe and physically secure.This market transformation creates significant opportunities but has also given rise to challenges for utility strategies and operations.
This market transformation creates significant opportunities but has also given rise to challenges for utility strategies and operations. Utilities need to transform their business to address the attributes that customers, regulators, and stakeholders want from the future grid. The list of demands is long: keep the lights on, be resilient, be clean and sustainable, be economic, allow flexibility and choice, be equitable, and be cyber safe and physically secure.