The game has changed and utilities must address capital allocation in a different way
The electric utility industry is in the middle of a transformation that has no precedent. Historically speaking, delivering electricity was relatively simple; utilities generated power and provided it to customers over a one-way delivery system. Companies requested, and utility regulators granted, periodic rate hikes to cover infrastructure upgrades while providing a reasonable rate of return on that investment.
Utilities are adapting to the new energy grid under threat of significant economic challenge
To effectively map out the current and future states of power delivery, it’s imperative to discuss what the landscape looked like in the past. Understanding the evolution of any industry typically requires a healthy dose of historical context, and making sense of today’s energy grid is no exception.
EVs are speeding ahead, even as questions persist over charging infrastructure
Separated by decades of progress and technology’s endless march, it’s easy to think electric vehicles share little heritage with their internal combustion forebears. But even as they bookend the automotive spectrum, today’s EVs are much like the first automobiles in one important respect: When the first cars were made, they had an outsized dependency on infrastructure. Without a robust system of roads (let alone highways), what was the incentive to buy?
The renewable power boom has spawned a growing need for robust energy storage
Bolstered by decreasing costs and strengthening regulatory support, demand for renewable energy is increasing as wind and solar photovoltaics continue to become more prominent contributors to utilities’ generation and revenue mix. As enthusiasm for renewable energy grows, wind and solar remain hampered by how much energy can be stored when generated to be used subsequently when energy is needed.
New scenarios are emerging that pair storage with conventional gas turbine generation
The cost of energy storage has fallen to the point where the power generation industry is moving from demonstration projects to full deployment. Driven by demand and a federal order designed to nurture broader adoption of storage capabilities, practical applications of energy storage are emerging that are competitive with conventional solutions.
In addition, continued annual reductions in the cost for storage will reveal more and more applications where energy storage makes economic sense. A great example can be found in the performance optimization of gas turbines.
JOHANNESBURG, South Africa, October 5, 2018 /3BL Media/ – Black & Veatch has been tasked by the Defense Threat Reduction Agency (DTRA) to implement an electronic system that enables the inventory and management of biological materials at Kruger National Park in South Africa. In partnership with the Department of Agriculture Forestry and Fisheries (DAFF), Black & Veatch will support the Office of the State Veterinarian in preventing and controlling animal diseases.
Global standards will play key role in widening EV adoption among everyday drivers and business fleets
OVERLAND PARK, Kan., October 2, 2018 /3BL Media/ – Advancing standardized electric vehicle charging systems is crucial to widening EV adoption across the transportation value chain – from passenger drivers to public transit and enterprise-scale medium- and heavy-duty fleets. That’s why Black & Veatch, a market leader in the design and deployment of EV charging networks, has joined CharIN, the Charging Interface Initiative (CharIN e.V.), as a core member.
Employing innovative solutions to tackle food production challenges
By Kim Lovan and Zack Olson
One in every nine people in the world – or roughly 815 million people – are undernourished, according to the United Nations. This sobering statistic has prompted the UN to launch its Zero Hunger initiative, which aims to end hunger through indoor farming solutions, a now viable means for achieving sustainable food production.
The goal is simple: Ensure everyone has access to safe, nutritious and sufficient food by 2030.
Replacement dam supplants earthen one long considered seismically unsafe near San Francisco, ensuring reliability of region’s water supply
SUNOL, Calif., September 26, 2018 /3BL Media/ – Seventeen years after being deemed seismically vulnerable and having its capacity restricted, a San Francisco-area dam and reservoir near an active fault line soon will be at full volume, thanks to a new dam that ensures a reliable water supply to millions of residents.
Microgrids are popping up across the country, driven by energy cost savings, sustainability, reliability and resilience
From a municipal airport in Chattanooga, Tennessee, to a school district in Salinas, California, microgrid projects are popping up across the country, fueled by the desire for energy cost savings, sustainability, reliability and resilience.