Black & Veatch’s 2017 Strategic Directions: Electric Industry Report explores the progress made across the power generation and delivery sectors as they continue to adapt to ongoing changes, such as the proliferation of renewable energy, a changing regulatory outlook and heightened focus on investment, infrastructure and regulation.
Fewer than 10 years ago - it must seem like an eternity given today’s pace of change - master planning was a relatively straightforward exercise. Today, these plans must incorporate so much more, because distributed generation touches every aspect of an organization – from billing and rates to field maintenance and operations.
This year’s Strategic Directions: Electric Industry Report survey demonstrates the range of ways in which power providers - from generation to delivery - are broadening their views and adopting more flexible financial, planning and technology initiatives to meet these demands.
Aging infrastructure has been, and remains, a key sector concern while more recent worries over physical and cybersecurity issues also steer capital flows. Yet while the key drivers of investments in transmission infrastructure remain consistent, other parts of the sector are shifting in potentially dramatic ways.
The falling costs of renewables and energy storage mean solar and wind are becoming increasingly competitive generation options. This year’s Strategic Directions: Electric Industry Report survey underscores a paradigm shift in how utilities regard renewables.
The move to a full cycle domestic processing industry of mined minerals is complex and continues to be a balancing act for the government of Indonesia from a short to long term desired outcome and regulatory perspective. This is likely to continue until the journey has been realized.
As utilities wrestle with addressing aging foundational assets while balancing limited capital and rising calls for lower costs and safer water, there is new urgency to explore how data can drive and optimize asset performance and reduce risk.
Fully finishing products through smelting can and should be realized in resource-rich countries, like Indonesia, as a long term industry that has the potential to unlock significant value-add for the industry, government and Indonesian people.