Power grids across the world are undergoing significant transformation with new sources of generation and power flows (bi-directional) as a result of increasing renewables penetration and distributed energy resources (“DERs”)
Shifting load intensity and growth as economies move to electrify energy sources/uses previously satisfied via hydrocarbon combustion, creating further challenges for grid operators and utilities
More frequent extreme weather events are placing strain and introducing volatility into existing grid infrastructure. This has catalyzed an increased emphasis on O&M, grid hardening and reliability amongst all grid stakeholders (load, load-serving entities, regulators, the general public)
Renewed focus on energy management and efficiency as rising energy prices, corporate and consumer climate advocacy and data and technology have progressed. Commercial & industrial and retail customers now have greater control and insight into their energy sources/uses and energy management/efficiency is now a core pillar of many corporate net zero plans. DER penetration further supports increased demand for these services
The above dynamics have created a large growth opportunity in servicing and enabling efficient grid operations and significant capital will be needed to achieve this growth
Select areas of focus: asset planning, design and engineering; field operations & maintenance; energy management systems tools and products; behind-the-meter energy efficiency & resiliency; market data & info services
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