BRIDGE Energy Group's 2017 Index Utility Industry Survey on Grid Modernisation, reached over 20,000 utility employees throughout North America, according to a company release.
[quote] In a release, the firm said: "This marks the third year BRIDGE has surveyed utilities specifically on grid modernisation efforts, the progress made and the challenges they face. This year’s survey, reaching over 20,000 utility employees throughout North America, reveals an 11% increase over 2016 survey results, of utility companies developing a grid modernisation plan - with 91% of the respondents indicating they clearly understand the associated benefits and targeted outcomes."
Mike Bianco, VP, Grid Operations Practice at BRIDGE, commented saying: “Grid Modernisation is now mainstream and an active part of utility strategy driving a broad spectrum of changes in regulatory policy and the utility business model, and requiring investments in new real-time technologies and infrastructure.
“We are encouraged to see that a clear mapping of utility strategic goals to required capabilities and enabling technologies, using tools such as the BRIDGE Line-of-Sight methodology, is providing clear value in stakeholder alignment and investment planning.”
Grid reliability remains #1 concern for utilities
The company release added that the 2017 BRIDGE Index Utility Industry Survey on Grid Modernisation also revealed that 84% of responding utilities are exploring new business models. Furthermore, the survey found that utilities’ top priority for grid modernisation is maintaining or improving reliability, with the number one concern in delivering grid modernisation initiatives is the integration of related systems and technologies. The release added that 97% of survey respondents expect an increase in grid analytics from and for their grid modernisation plans.
Roy Pratt, chief architect and technology strategist at BRIDGE, said: “Within the utility industry, the IoT concepts find their way into distribution operations and information technology (IT) organisations through seemingly benign
“The reality is that these requests should require departments to contemplate more about the future of their enterprise architecture, rather than a heavy focus on present-day issues.”
Image credit: 123rf