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2023 Industry Outlooks

2023 power and utilities industry outlook | 2023 renewable energy industry outlook

2023 power and utilities industry outlook

In 2023, supply chain snags, rising costs, and extreme weather are likely to continue plaguing the power and utilities sector. But promising trends in innovation and investment, buoyed by recent legislation, can help the sector fulfill its mission to provide increasingly secure, reliable, clean, and affordable electricity. Our 2023 outlook examines the latest power and utilities industry trends to help your company tap opportunities across the entire clean energy economy.

Five power and utilities industry trends to watch:

1 - Utilities increasingly plan to roll out the next wave of advanced metering infrastructure (AMI).

2 - Environmental, social, and governance (ESG) reporting continues to gain momentum.

3 - Battery storage deployments set to accelerate despite supply chain snags.

4 - Power and utility companies see opportunities to reap value from clean hydrogen.

5 - Utilities likely to sharpen focus on preparing for electric vehicle growth.

2023 power and utilities industry outlook

2023 renewable energy industry outlook

As the renewable energy industry heads into 2023, soaring demand and attractive, long-term incentives are creating strong tailwinds, but this momentum could be tempered by some of the same headwinds the sector encountered in 2022. Explore five trends that could help address these challenges and accelerate growth in the longer term.

Five renewable energy industry trends to watch:

1 - Rising clean energy component manufacturing could ease supply chain snags over time.

2 - New clean hydrogen economics could open avenues for renewable providers.

3 - IRA helps spur renewable providers to pursue opportunities in low-income communities.

4 - Renewable energy industry focuses on managing increasing cyber risk.

5 - Offshore wind industry addresses challenges to unlock rapid growth.

2023 renewable energy industry outlook
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