Even though Europe has significantly cut its reliance on Russian gas, a lot of the storage that they used to cut the reliance was actually Russian gas from the past.

The electricity industry won’t be able to deal with future demands if it remains on its present modest growth trajectory.

The significant changing consumption needs and generation patterns are causing significant concerns that existing ageing infrastructure is becoming a major source of risk to power grid safety, reliability and financial exposure and in failing to deliver power on the expected 24 x 7, we need.

Electric utilities are facing a future of increased competition, disruptive technologies, and changing customer demands.

Independent estimates indicate that the U.S. needs to expand electricity transmission systems by 60% by 2030 and may need to triple current capacity by 2050 to accommodate the country’s rapidly increasing supply of cheaper, cleaner energy and meet increasing power demand for electric vehicles and electric home heating and reduce power outages from severe weather.

Ultimately the quality of our lives depends – in large part – on the critical infrastructure we rely on every day.

A key focus of 40107 is around the digitalization of utilities and encouraging investment in new technologies, like smart grid capabilities and utility analytics, that can lead to faster, more intelligent, and automated decision-making and promote resiliency.

The so-called “four D’s” of energy disruption have served as a helpful way to describe the energy transition taking place, namely, decarbonization, democratization, decentralization, and digitalization.

All this progress, however, could be derailed without a massive overhaul of America’s antiquated electric infrastructure – a task some industry experts say requires more than $2 trillion.

Along with other systems, power utility infrastructure is getting smarter with built-in sensing and processing capabilities.