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The State and Future of Power Survey 2022
1.
Which is most disruptive to the utility business model?
(Required.)
Rapidly increasing renewable and distributed resources
Stakeholder pressures and increasing customer demand for sustainability
Potential competitors from other industries entering the market
2.
Which of the options below represent the most acute risk to utility operational resilience?
(Required.)
Physical security and hardening of assets
Cybersecurity of IT/OT systems
Ongoing pandemic restrictions and return to work
3.
Which potential competitors pose the biggest threat to utilities?
(Required.)
Auto, oil and gas companies
Electric and gas companies based outside the U.S.
Tech and telecommunications companies
4.
What is the primary impediment to utilities investing in new business models?
(Required.)
Rigidity of utility regulation, funding cycles, and rate structures
Immaturity of new business models and time to scale
Risk averse utility culture
5.
What should utilities prioritize to best prepare for potential cyber security threats?
(Required.)
Invest in advanced asset, information, and network control technologies
Accelerate internal training and promote a culture where cyber security is everyone’s responsibility
Promote industry-led initiatives and public incident sharing
6.
What immediate action should utilities prioritize to improve business resiliency in the face of climate change?
(Required.)
Developing measurable ESG goals and public reporting of these metrics
Convert generation fleet to renewables, distributed resources, and storage
Accelerate digitization of infrastructure and operations
7.
What is the most attractive opportunity for utilities in the near-term?
(Required.)
Transportation and building electrification
Orchestrating transactive distributed platforms
Product and service diversification
8.
What is the most attractive funding opportunity for utilities in the infrastructure bill? (select 3)
(Required.)
T&D upgrades and resilience of electric infrastructure
Clean hydrogen manufacturing and advancing recycling RD&D
Cybersecurity
Electric transportation and charging infrastructure
Renewable Energy
Carbon capture, direct air capture and industrial emission reduction
Advanced nuclear
Energy efficiency and weatherization grants