U.S. utilities are at an interesting inflection point. Governmental and consumer pressure to decarbonize has propelled companies to accelerate their sustainability initiatives and introduce new business models. Although global warming is threatening all companies, the electric utility industry is arguably one of the few at the heart of America’s decarbonization agenda.
The distribution and transmission infrastructure across the country is in dire need of modernization. Utilities must invest billions to enhance grid resiliency, accommodate the bi-directional flow of energy, and adapt rate structures to account for time of use and type of use. The magnitude of the change is overwhelming.
