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Deloitte’s Power, Utilities, and Renewables Solutions
Optimize and modernize existing power, utilities, and renewables infrastructure using advanced technology.
Deloitte solutions help power, utility, and renewables service providers increase operational efficiency while ensuring the safety, reliability, and efficiency of their infrastructure.
Using digital tools and technology to anticipate and manage industry challenges
Deloitte helps providers across the power, utilities, and renewables spectrum anticipate and respond to complex challenges by offering a range of industry-specific services and solutions.
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Field services
Ensure safe, reliable, and efficient infrastructure around power lines, pipelines, and transportation corridors through advanced planning, monitoring, and vegetation management.
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Data modernization
Reduce and resolve power outages, track metrics, and enhance customer service by providing accurate and timely restoration information.
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Promising industry trends
The power, utilities, and renewables sector shows promising trends amid rising cost and climate concerns.
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100%
$169.4 billion
The 47 largest US electric and gas utilities plan to spend a record-breaking $169.4 billion in 2023 to enhance reliability, security, and renewable integration.1
4 out of 5
23%
US renewable generation and capacity rose, accounting for over 23% of electricity generated from January through August 2022, up from about 21% in 2021.1
Update
.4% to 1.3% CAGR
The National Renewable Energy Laboratory’s (NREL) Electrification Futures Study modeled US electricity demand using three scenarios. These models predicted compound annual growth rates of 0.4% to 1.3% in three different scenarios from 2023 to 2030.1
365 to 5
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- https://www2.deloitte.com/content/dam/Deloitte/us/Documents/energy-resources/us-eri-power-utilities-outlook-2023.pdf -
Electric companies' cost dilemma | Deloitte Insights
Increased need to address vegetation management
As climate change impacts increase, so too does the need to address vegetation and plant growth around utility infrastructures to help mitigate risk.
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100%
#1
Plant growth in specific areas around field assets is the single largest cause of service outages in the US, per the Federal Energy Regulatory Commission (FERC)1
4 out of 5
$7 billion
Estimated annual spend on vegetation management by utilities in the US according to Leidos’ Commercial Energy2
Update
$1 billion
Annual budget for vegetation management of business units of California utilities alone11
365 to 5
$1 million
Regulatory fine per violation, per FERC standard FAC-003, for failure to address vegetation encroachment requirements3
Emerging factors to watch in the power and utilities industry
These are the four areas of emerging technology growth and legislative focus that will likely influence the direction of the industry.
- Advanced Metering Infrastructure (AMI) 2.0
- The convergence of next-generation technologies such as smart meters, edge computing, advanced grid operations, cybersecurity, intelligent automation, and 5G networking will continue to reshape the industry.
- Distributed Energy Resource Management Systems (DERMS)
- A combination of hardware and software that allows for better real-time management of the grid by controlling and coordinating various distributed energy resources such as solar, wind, and battery storage.
- Enterprise Asset Management (EAM)
- The use of new technologies to improve asset performance and reliability for both power generation plants, linear distributed assets (like power lines) and fleet assets (like transformers) will continue to increase.
- Government Regulations and Legislation
- The Infrastructure, Investment, and Jobs Act (IIJA) and the Inflation Reduction Act (IRA) are two pieces of US legislation that will drive continued change for utilities, especially as they relate to meeting social goals and providing to underserved communities.
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