Tuesday, 31 December 2019

Utilities Must Commit to Renewable Energy or Industrial Clients May Turn to Alternative Power Sources

Recently, Black & Veatch, a sustainable engineering and construction solutions company, released a report that examines the shared challenges among critical infrastructure providers and their commercial and industrial customers as they each push for resilience, reliability, and sustainability. The purpose of the report is highlight the benefits of renewable energy for industrial clients who are facing serious challenges related to global warming.

“2020 Strategic Directions: Megatrends”, a report by Black & Veatch marks the company’s inaugural mining of its cross-sector data to gain deeper insights into the future of the world’s most important resources. The authors analyzed two years of survey data collected from water, power, telecommunications, and commercial and industrial respondents. The high-altitude look at the data explores:

  • Renewable energy: Today’s electric utilities, those historic keepers of a reliable and resilient grid, are tested in their ability to align with growing clean energy and de-carbonization mandates. The report cautions that without significant utility commitments to green energy, power-hungry industrial clients with growing sustainability goals may turn to renewables or distributed generation resources of their own.
  • Sustainability: Concern over climate change is a big issue in the current era where industries are in the quest of finding sustainable energy that could handle global warming caused by industrial pollutions. They are setting off alarms about the future of our water and power supplies, and fueling new scrutiny of the mechanics, cost, and ROI of sustainability solutions.
  • From many, one: As questions about the reliability of traditional utility services, the rollout of projects to enhance resilience and improve operational efficiency continues. Advances in information technology, operational technology and artificial intelligence blur the lines between traditional organization silos. Yet, survey data shows that integrated planning is far from a high priority, signaling potential trouble for utilities in areas that are prone to nature’s worst.
  • Data’s risk-reward: The proliferation of smart devices that measure everything from consumption habits to asset management and system health are gaining traction and continue to create new opportunities to collect and embrace actionable data. But, it also pose a challenge. With every new remote sensor, drone, iPad, or other IoT tool deployed on our systems, the more vulnerable we become to hackers and network intrusion.
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