What is required of utilities and independent power producers in 2022 makes that idea seem basic. Utilities have a lot on their plate in 2022, which may be an inflection year for these companies and their customers.
From the Deloitte report
A recent report from Deloitte and Touche, 2022 power and utilities industry outlook – The clean energy transition powers on, shows the challenges faced by utilities. Those issues break down like this:
- Utilities expected to further flesh out decarbonization plans
- Unprecedented weather events driving new resiliency strategy
- 5G and cloud could expedite the clean energy transition
- Utilities increasingly turning to flexible load programs
- Building electrification is already impacting utility planning
The breadth of these challenges is breathtaking – information science, weather, sustainability, customer expectations, technology change, safety, workforce changes.
All at once.
Looking at the moving parts of the utility industry, I believe it is as fast-paced and challenging as any of the high-tech companies that get much more press for their work.
When I worked at a utility, I recall being told that the changes required of energy companies will be like trying to overhaul a car engine while going 80 mph because the grid cannot stop operating while being totally changed. (Not an electric vehicle, obviously.)
This report shows how true that is.
