The power utility industry ranks cybersecurity as their No. 2 concern in this year’s Strategic Directions: Electric Industry Report, but are they doing enough to guard against the high-profile hacking attempts that garner headlines?
With the rise of renewables, lower cost of battery storage options and the impact of future electric vehicle adoption, advanced system control devices, including FACTS or Flexible AC Transmission Systems, are critical components to stabilize and improve the reliability of the modern grid.
Six years after the Federal Energy Regulatory Commission’s (FERC) passage of Order 1000, progress has been made in most markets toward compliance. However, the number of actual competitive solicitations has been limited, particularly when compared to initial industry expectations.
Renewable energy plays a key role, accounting for nearly a third of all electricity generation in the UK. The Capacity Market scheme has been changed to give developers of new power plants more time to make their projects commercially viable.
The increasing demand for renewable power creates subsequent demand for transmission infrastructure to connect clean energy with load centers. While much of this new infrastructure will be overhead lines, portions may be required to go underground as new lines are located near communities and within cities.
With up to 400 million Indians lacking a reliable energy supply, the country is planning major investments in its power generation and distribution infrastructure. Most of the investment in new capacity will be for renewable energy. India has a 175 gigawatt (GW) target for renewable energy (100 GW solar, 60 GW wind and 15 GW biogas and others) by 2022.
Pressures from shareholders for sustainable practices coupled with uncertainty around local regulations and increasing advances in alternative technologies are leading mining operations to explore new, reliable power options.
Distributed energy resources (DER) are driving change in the electric industry as both consumers and providers diversify how electricity is generated and delivered. Spawned by the public embrace of clean energy, falling prices and regulatory subsidies, solar photovoltaics, battery energy storage and microgrids are seeing increasing deployment.