The Future State of Reliable Utilities: Safe, Cost Effective and Visible in Real Time
Utility organizations today are confronted with myriad challenges, including aging infrastructure, expectations of greater reliability at reduced cost, and coping effectively with uncertainties around changing regulations, weather events and more.
The transmission and distribution industry is further influenced by issues that impact how they move forward with business development, such as:
What’s more, regulatory frameworks often demand strict technical requirements and impose severe penalties for not meeting objectives.
Over the next 20 years, emerging countries will need to swiftly expand power networks to serve growing populations. At the same time, those in developed economies will need to upgrade aging infrastructure, implement smart grids, and respond to mounting regulatory, customer and technological pressures. To meet demand, by 2035 the world’s transmission and distribution lines will need to increase by more than one-third—to an estimated 94 million kilometers—with an estimated cost of more than $310 billion per year.