A combination of factors usher in a new power landscape
Everywhere you look, there are unique dynamics at work. Infrastructures, components and equipment are aging. Weather events and natural disasters cause billions of dollars of infrastructure damage. Cyber threats are on the rise. Renewables' share of generated power grows yearly. Customers expect to interact with utilities for more control of their electricity use thanks to the prevalence of connected devices. State and federal governments continue to introduce new energy legislation. All the while, an aging workforce across many industries is creating recruitment difficulties.
Every power challenge is unique, with its own set of complex variables. As these factors converge, complications amplify to a point with only one viable option: utilities must modernize to keep pace with change.
How utilities can manage change on the horizon
The future of power generation is responding to the fundamental shift in how consumers use power and how utilities provide it. Renewables like wind and solar are increasingly responsible for greater shares of generated power. Smart grid technologies deliver real-time and up-to-the-minute information. Batteries now provide more than reserve power, with load shifting and the sale of power back to utilities becoming real cost saving and revenue enhancement options.
These shifts in generation and consumption mean utilities must work to modernize operations. And those who embrace new technologies and connected devices stand to see efficiency gains and improved profitability.
Data and analytics garnered from intelligent technologies and connected devices are laying the groundwork. However, new system components often introduce unforeseen compatibility and management issues. So utilities not only need modern solutions – they need modern solutions that work with what they've already got.
A foundation that supports change
Utilities are being asked to do more than ever, with less than ever. Managing more power sources with less budget, serving more people with fewer people and doing it all more efficiently and sustainably with less margin for error.
To help address these challenges, utilities benefit from a partner with a proven track record of creating smart, adaptable power systems. At Eaton, every product and service we offer is built on a foundation of intelligence, experience and security.
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