Electric Report
Black & Veatch’s 2023 Electric Report encapsulates this sector’s world of headwinds and opportunities, drawing upon expert analyses of survey results of more than 650 U.S. energy industry stakeholders to detail the complexities.
The electric industry is at an inflection point with an infrastructure in need of upgrades if not reinvention.
No utility or locale is immune from climatological risk. Or the need to harden infrastructure.
Top three most challenging issues facing the electric industry today
Top three biggest concerns for future grid development
27%
23%
Aging Infrastructure
Environmental Regulations
47%
Regulatory lag
Generation mix
Supply chain issues for equipment
Climate Change
Cybersecurity
Vehicle Electrification
The Black & Veatch 2023 Electric Report survey responses make clear that modernizing the grid – whether in small or sweeping ways – gets more doable when many things align. And for now, issues with things such as supply chains, workforce availability and regulatory lags simply aren’t cooperating. Additional insights include:
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Find out how utilities rate their cyber postures and their approaches to bolster their defenses.
Is the U.S. power sector positioning itself sufficiently to scale up its infrastructure to accommodate the expected, sizable EV charging needs?
43%
31%
Renewable Integration
33%
2023
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