Not new to change, utilities companies have been evolving since their origination. From simple grids to massive ones that must power cities with populations in the millions, utility infrastructure is in a constant state of flux with modernization always a high priority. However, it can be challenging for industries reliant on infrastructure to remain in step with 21st century technology. But utilities must adapt, evolve, and invest to keep pace in 2018 and beyond.

Grid Modernization

The smart grid is the future of utility infrastructure, and utilities stand to benefit greatly from modernized grids. Grid modernization can enable better security, reduced peak loads, and lower costs. The modernization of grids is also getting a push by the government with the Grid Modernization Multi-Year Program Plan (MYPP), an initiative developed by the Department of Energy (DOE) to inject smart technology and better resilience into grids. The goal of the MYPP is for grid equipment and controls to communicate in a manner that the Internet of Things (IoT) has created. If these elements can communicate, when power outages occur, less time and manpower will be required for repairs. This communication can also enable real-time responses while increasing reliability.

Clean Energy

Beneficial for both the planet and its inhabitants, the integration of clean energy into a utility’s existing infrastructure is a trend that continues to gain momentum. While concerns related to stability and scalability initially plagued the clean energy concept, today, a fifth of the world’s electricity is produced by renewable energy, as disclosed by the World Economic Forum.[1]

Yet, integration isn’t simple. There are differences in how renewable installations are constructed versus traditional power sources. This combination of energy efforts requires smart grid technology, and storage solutions for produced energy will need to be developed to balance the renewable load. Because clean energy demand across the world is on the rise, utility companies will have to make prudent infrastructure solutions that work for old and new forms of energy production, particularly in areas where grids are considered “ancient”. Adaptability will be the key to future success.

New Grid Development Will Take Substantial Investment

While technology and energy production have seen heavy investment by utilities, infrastructure has not evolved concurrently, suffering from a lack of funding. This failing infrastructure impedes efforts to provide for the rising demand in cleaner, cheaper energy as well. As a result, grid infrastructure handling transmission and distribution is poised for a major update and upgrade. To remain competitive and meet energy demands, a considerable increase in expenditure must occur. Thus, its imperative that utilities connect infrastructure upgrades to their revenue models, sooner rather than later.

Smart Grids

The smart grid is the future for utilities, providing connectivity to stay relevant in our modern world. Smart grids are good for all stakeholders, delivering benefits like:

  • Efficient power distribution
  • Quick response to outages
  • Lower utilities operating costs (less labor needed for customer service or other functions)
  • Active demand response (allowing interaction with customers to better manage load curve)
  • Integration of clean energy

While smart grids provide excellent benefits, utilities must accelerate modernization initiatives, including the incorporation of sensor technology to monitor and control the grid and all its elements, smart meters, and uniform adoption of procedures relating to balancing, active demand management, and more.

Intelligent Power for a Connected World

Fibrebond, as a provider and partner to power generators, helps the industry stay safe with customizable enclosures. Enclosures are critical to the operations of the power market. Our structures meet UL 752-projectile resistance and 1- or 2-hour fire ratings.

Read more at fibrebond.com

[1] https://www.weforum.org/agenda/2018/01/clean-energy-renewable-growth-sustainable-key-trends/

Follow us on social media for the latest updates in B2B!



Listen Carefully, Respond Creatively
April 12, 2024

In this captivating episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, delves into the transformative business philosophy of “listen carefully, respond creatively.” This approach has not only skyrocketed the Savannah Bananas to fame but also serves as a universal blueprint for revolutionizing customer service and engagement across all sectors. […]

Read More
Stacey Childress, Senior Advisor at McKinsey and Company, discusses higher ed
Bold Measures are Needed to Improve Investment in Higher Education
April 12, 2024

The stakes for higher education have never been higher as the educational landscape sees rapid evolution. As universities and colleges grapple with the dual challenges of technological disruption and increasing demands for accessible, quality education, the question of how best to implement investment in higher education becomes a priority. This debate has been ignited […]

Read More
wake up healthy
Hey, it’s 9 am… Wake up Healthy with 9amHealth!
April 12, 2024

Healthcare Rethink host Brian Urban explores ways to wake up healthy and stay healthy with his guest, Dr. Avantika Waring, MD, the Chief Medical Officer, at 9amHealth. This episode delves into the transformative approach to healthcare delivery championed by 9amHealth. Dr. Waring’s journey from a humanities student with a love for French to a […]

Read More
public safety and security
Strengthen Public Safety and Security: Modernize Radio Communication for Better Field Response
April 11, 2024

The importance of radio communication within public safety and security operations remains unbeaten in an era dominated by digital transformation. This medium, essential for over a century, continues to be the lifeline for responders on the front lines. From ensuring the safety of field agents to facilitating real-time critical information flow and enhancing situational […]

Read More