Moving Grid Modernization Forward
Right now, our grid is struggling to keep up with the nonstop demand for energy. Year after year, decade after decade, this need increases faster than grid improvements can be made to remediate demand-induced strain and accommodate new energy sources. Population growth and economic development are just two of many reasons for this sizeable gap that keeps expanding. While grid upgrades are currently underway — and show promise of reducing this difference — additional steps need to be taken to improve our grid’s resiliency and aid in its evolution.
New technologies create new opportunities for our aging grid to evolve. After all, we must modernize our grid — improving its load capacity, implementing smart solutions, optimizing power delivery — before we can make it clean and deliver on our collective efforts to create a more sustainable future. Responsibilities to modernize our grid through new technologies and solutions primarily remain with those closest to it: utility companies.
Utility companies have access to the latest science, innovations, grid technologies and other advancements, meaning they’re well-positioned to create the largest, quickest, most effective impacts on our grid. They can physically make the changes that are needed. They’re also at a crossroads. The utility workforce has the knowledge, technical skills and experience necessary to make change happen. But, within the next ten years, it’s estimated that 50% of the utility workforce will retire.[1] With the imminent shift in the workforce arriving sooner than expected, there’s a scramble to make sure younger generations not only enter the field but also have the technical skills needed to carry out elaborate, high-tech, grid-strengthening projects from start to finish.
[1] Power Magazine. "The Next Step for Utilities in Workforce Transformation." 21 November 2022. https://www.powermag.com/the-next-step-for-utilities-in-workforce-transformation.