With up to 400 million Indians lacking a reliable energy supply, the country is planning major investments in its power generation and distribution infrastructure. Most of the investment in new capacity will be for renewable energy.
Facing inevitable attacks to their networks by hackers, electric utilities are making progress in prioritizing cybersecurity to ensure that they can deliver and maintain safe, secure utilities for all. However, this year’s Strategic Directions: Electric Industry Report shows even as leaders work to ensure grid security, major gaps remain in the areas of asset security control and security risk awareness.
Distributed energy resources (DER) continue to drive change within the electric industry as both energy consumers and electric service providers are diversifying how electricity is generated and delivered. Spawned by the public embrace of clean energy, falling prices, and regulatory subsidies, solar photovoltaics, battery energy storage, and microgrids are being deployed in more places across the electric system.
Indonesia boasts vast untapped resources and mining will continue to play a significant role in the country’s development. The provision of a secure, reliable power supply is critical for mining operations, and Indonesia is chasing full electrification and grid stability.
For growing maritime nations like Indonesia and the Philippines, integrated liquefied natural gas (LNG) receiving terminals and gas-fired gen can help balance the power mix. Although coal remains the No. 1 fuel choice, LNG and gas-to-power development could gain momentum, according to this year’s Electric Industry Report.
Amid interwoven and oft-cited concerns about reliability, cybersecurity, funding and aging infrastructure, this year’s survey results again reveal that electric industry leaders view risk-based planning, long-term budgeting and preventive maintenance as key to ensuring that asset health and reliability are sustained.
The federal government has long played a central role in shaping U.S. energy independence and security. Today, however, we stand at an inflection point where states, municipal governments and even corporations are stepping up to become the primary drivers of the future of clean energy.
While the White House’s plans for a $1 trillion federal infrastructure program continue to coalesce, one recent estimate puts the depreciated value of the American electric infrastructure—including power plants, transmission lines, distribution lines, substations and transformers—at around $1.5 trillion to $2 trillion, with a replacement value of $4.8 trillion.
A new administration has vowed to roll back numerous environmental regulations aimed at reducing the nation’s carbon footprint. Does this give power providers new impetus to rewrite their long-term planning? This year’s Strategic Directions: Electric Industry Report finds this isn’t necessarily the case.