When talking about grid modernization, there’s one overwhelming consensus: the country needs it now. The National Council of State Legislatures estimates that the US will have to spend up to $2 trillion on grid modernization by 2030 — just to maintain electric grid’s reliability. Grid modernization is also needed to address climate-related resiliency risks, adapt to more distributed energy resources and help decarbonize the industry as states strive to achieve Renewable Portfolio Standards (RPS) and other State and Local GhG reduction goals.
Drawing on survey data and extensive industry experience, we have identified the industry’s top grid modernization priorities, the top challenges and the strategies and tactics that can drive success.
Michael (Casey) A. Herman
Energy, Utilities and Resources Co-Leader; US Power & Utilities Leader, PwC US