Although governments and municipalities believe strongly in the smart city model, they continue to struggle to fund these efforts. According to industry survey data, only 16 percent of municipalities can self-fund a smart city initiative, a little over a third cannot.
Municipalities face a grim reality when it comes to funding smart initiatives through traditional routes. Relatively weak local economies, little to no appetite for raising additional revenue for smart city activities and a skeptical understanding of how these initiatives add value hinder buy-in.
The annual Strategic Directions Report series offers analysis and insights into key issues and trends facing the smart cities and utilities, electric, natural gas, and water utility sectors.
The Hong Kong Water Supplies Department is bringing more clean drinking water to its citizens in much safer ways. Ultimately, the department set out to double the Tai Po Water Treatment Works’ production. Achieving that goal was an amazing feat in itself, but the department saw beyond the infrastructure to boldly address the equally complex challenge of safe and sustainable treatment.
For more than 20 years, Black & Veatch worked with the Winston-Salem/Forsyth County Utility Commission to upgrade its wastewater treatment system on a project-by-project basis. There were many short-term wins, but resilience dated master plan made the long-term a bit less clear. The real win, and biggest cost savings, required a different approach.
A coalition led by Black & Veatch donated tens of thousands of dollars in technology along with the manpower to provide a new, solar-driven power source for the SU Manuel Ortiz in Yabucoa, ground zero of Hurricane Maria.
Black & Veatch designed, procured and constructed a microgrid for Shell, which is using it to generate power while it also serves as a working test lab to explore advancements in renewable energy.
The United Illuminating Company needed to replace existing transmission line conductors located on 100-year-old lattice towers built on a historic railroad bridge, hiring Black & Veatch as the EPC contractor.