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 increase 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.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* 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.