Utilities Must Strategically Invest in Automation, Control, Visibility, and Resiliency Technologies
As the occurrence of natural disasters increases, grid hardening and resiliency technologies are critical to outage prevention and recovery
A new report from Guidehouse Insights discusses key grid hardening and resiliency technologies for deployment on transmission and distribution (T&D) networks.
The global electric grid is transforming from a unidimensional system of power producers and consumers into a multidimensional, cloud-enabled network. As such, it is more critical than ever for utilities and solutions providers to prioritize grid hardening and resiliency technologies. Click to tweet: According to a new report from @WeAreGHInsights, utilities must strategically invest in automation, control, visibility, and resiliency technologies.
“The frequency and scale of natural disasters increases year over year, and outages are simultaneously becoming less tolerable and more expensive to utility customers,” says Michael Hartnack, senior research analyst with Guidehouse Insights. “Increasing outages linked to natural disasters, wildfires, and other events is adding to the threat of deregulation and distributed energy resources integration into the traditional utility business model.”
To improve outage prevention and recovery, Guidehouse Insights recommends that utilities, solutions providers, and regulators and stakeholders proactively think ahead and consider long-term demands of both customers and the physical grid network. Stakeholders should be flexible to enable balanced solutions, and should prioritize collaboration, which breeds innovation. Additionally, they should constantly reevaluate systems to become future proof.
The report, Grid Hardening and Disaster Recovery Technologies, identifies and discusses the key grid hardening and resiliency technologies for deployment on T&D networks. Utilities must think ahead, be flexible, accept help, and constantly reevaluate options to ensure the operation of a hardened and resilient grid. The report includes the identification and discussion of eight key technologies for storm response and resiliency and provides four key recommendations for utilities and solutions providers. An executive summary of the report is available for free download on the Guidehouse Insights website.
*The information contained in this press release concerning the report, Grid Hardening and Disaster Recovery Technologies, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.