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Harnessing the power of energy and water
Overcome challenges and modernize for a resilient future
With an innovative approach and leading Oracle technologies, power, utilities and renewables (PU&R) organizations can address their biggest challenges and serve the greater good by delivering safe, clean, reliable, and affordable energy and water. In the new perspective “Harnessing the power of energy and water,” Deloitte’s experienced team shares how organizations can navigate this transformation journey.
New challenges and opportunities emerge alongside global pressure for rapid energy transformation
Innovations have created exciting new opportunities for power, utilities, and renewables (PU&R) organizations to advance their mission and accelerate energy transformation. Yet, few capitalize on these opportunities because leaders must instead address evolving regulatory requirements, workforce shortages, grid optimization, rising supply chain costs, changing infrastructures, and more.
Harnessing the power of energy and water compiles information from Deloitte’s decades of experience helping PU&R organizations better meet customer, community, and organizational needs. You’ll learn:
- Why this is a pivotal moment to optimize business processes and replace heterogenous legacy applications with a purpose-built solution that unites the enterprise
- How to improve efficiency and lay a foundation for ongoing improvement using cloud, machine learning (ML) and Generative AI (GenAI) technology
- Details of Deloitte’s PU&Rpose solution, which combines our proven strategies with Oracle’s leading cloud applications to deliver demonstrable value
Utilities challenges by the numbers
Read Harnessing the power of energy and water for tips on how to address challenges such as:
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23%
increase in capital investment in line transformers due to supply chain and manufacturing issues1
~25%
of utility workers are over age 55, and many may retire within 10 years2
+20%
over budget for capital projects primarily due to added labor costs3
~$171B
record high capital expenditures for electric and gas grid modernization and decarbonization in 20234
1 “Grid infrastructure investments drive increase in utility spending over last two decades” US Energy Information Administration, 2024.
2 “Navigating the Age Wave: The Maturing Workforce in the Utility Industry” Lucasys, 2023.
3 “Keeping Pace: Utility Construction Mid-Year Outlook” The Utility Expo, 2022.
4 Kate Hardin, Suzanna Sanborn, “2024 Power and Utilities Industry Outlook” Deloitte, 2023.
Download the perspective
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