Energizing the Power Generation Sector with Innovation
Trends that Define the Next Era of Power Generation
Resource Planning
Evolving electric grids demand new planning tools and strategies. Grid modernization, distributed energy resources, and grid resilience will be critical focus areas.
Investment in Clean Energy
Investors are poised to allocate significant resources in clean energy-generation projects and domestic supply chains. The Infrastructure Investment and Jobs Act (IIJA) will further boost grid reliability, battery supply chains, and EV programs.
Clean Energy Transition
Momentum for clean energy will persist. US electric companies commit to cutting carbon emissions by 80% by 2030, pulling deadlines forward from the “net-zero by 2050” goal.
Electrification
The sector anticipates accelerating electricity demand. As electric vehicles (EVs) gain prominence and electrification extends to various sectors, utilities must prepare for increased load.
The transition to renewable energy, coupled with innovations in storage, digitalization, and grid management, will ensure the sector continues to meet the world's growing energy needs sustainably and efficiently.
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