Utilities are navigating the transformation of a grid originally built for centralised, one-directional power delivery. Today’s energy landscape is shaped by disruptors like data centres, widespread electrification, electric vehicles (EVs) and renewable energy sources, which challenge traditional grid operations. Grid modernisation is a priority for power and utility companies, according to IBM’s Institute for Business Value. The Institute surveyed nearly 600 senior utility executives and found that 100% have developed grid modernisation strategies, though 21% report no progress to date. Almost half list “enhancing grid reliability” as a top goal, on a par with “reducing carbon emissions” and “empowering and engaging customers.”1 Modernising the grid is no longer optional, it is a strategic necessity. Utilities and power producers must address rising energy demand, ageing infrastructure, intensifying climate events and the goal to decarbonise while integrating distributed energy resources (DERs). Success will require a holistic strategy that spans technical innovation, market responsiveness and regulatory alignment.
Utilities solutions for today and tomorrow
Honeywell supports the utilities value chain, from generation to transmission to distribution.
Honeywell supports the utilities value chain, from generation to transmission to distribution.