US-headquartered multinational energy company Black & Veatch has reorganized its global power business to put a fresh emphasis on its renewables arm and launch a distributed energy group.
However, the changes are also designed to enhance its traditional conventional and power transmission businesses and place them in the context of the global energy transition.
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“Working with clients of differing scale and development it’s become clear that generation, transmission and distribution can no longer operate in isolation,” said Mario Azar, who is president of Black & Veatch’s global power business and has led the changes.
“Demand for renewable energy continues to grow, with its generation now impacting the operations of the traditional transmission and distribution sectors. Investments in distributed energy require a more flexible grid to ensure reliability and offer clients a greater choice of power generation solutions.”
The new distributed energy group will focus on all aspects of the DER sector, including finding solutions for emerging fuel sources.
Azar said that the new structure would “re-align the company’s core generation, renewables, transmission and distributed energy teams to more nimbly address client demand in critical and diverse global geographies”.
The company also believes that the changes will also help grow its already well-established position in North America and Southeast Asia, where population growth and grid reliability demands are calling for a variety of power solutions from zero-carbon generation sources to conventional technologies.
“These diverse and fundamental changes are forcing a re-powering of the more-than-century-old power industry,” the company said in a statement today.
Kansas City-headquartered Black & Veatch believes utilities “must also turn to new technologies that improve their efficiencies and respond to savvy customers increasingly wanting a digital, always-on experience with their utility, including apps that enable consumers to manage in the palm of their hands their energy usage and accounts”.
Azar said: “In this complex, multifaceted energy ecosystem where there’s no one-size-fits-all dynamic, the industry must become more flexible and nimbler. Renewable energy from solar and wind is providing an increasing share of power generation production while conventional resources remain the backbone of the balanced generation portfolio mix across most of the globe.
“Similarly, millions of electric vehicles are expected to transform the transportation sector over the next several years creating pressure for power providers to accommodate charging needs that are both distributed and concentrated.”
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A similar version of this story first appeared on our sister-site, Power Engineering International.