Utilities are navigating the transformation of a grid originally built for centralized, one-directional power delivery. Today’s energy landscape is shaped by disruptors like data centers, widespread electrification, electric vehicles (EVs) and renewable energy sources, which challenge traditional grid operations. Grid modernization 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 modernization 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 Modernizing the grid is no longer optional, it’s a strategic necessity. Utilities and power producers must address rising energy demand, aging infrastructure, intensifying climate events and the goal to decarbonize 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.