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Utilities Awaken to Electric Vehicles

Despite the obvious need to spark new revenue streams, electric utilities have not been particularly aggressive in their embrace of electric vehicles (EVs) as a potential source of new demand.  

Electricity Delivery and Management: A Look Back at 2018 Growth and a Look Ahead to Emerging Markets

If you haven’t read through the Advanced Energy Now 2019 Market Report, *SPOILER ALERT* it’s full of great news for the future of the advanced energy industry. In short, 2018 was a year of promising growth. Advanced energy generated $238 billion in revenue and supported 3.5 million U.S. jobs — an 11 percent increase over the previous year. That’s on par with the aerospace manufacturing industry and double the biotechnology industry.

Why Optimize Telecommunications?

You’re at dinner with a friend, and neither of you can recall the name of the lead actor in a movie you want to see. So, you pull out your phone and punch the information into your search engine. You’re driving through an unfamiliar area to meet up with a colleague, but you can’t remember which turn to make, so you take out your phone and type the address in your maps app. You’re out of town for work, but you still need to say goodnight to your kids, so you take out your phone and video chat with them before bed.

Regardless of the situation, it is undeniable that cell phones have become a necessity for most Americans. They’re used in thousands of ways, millions of times a day, all across the country. The service that makes this possible, however, doesn’t just appear out of thin air.

How to Revive the Aging Utility Infrastructure

The weak links in our already weakened utility infrastructure are numerous to behold. In 2018 alone, three separate incidents illustrate the extent of the problem. According to a J. D. Power report, a residential gas leak and subsequent explosions in Lawrence, Andover, and North Andover, MA resulted in one death and 25 injuries. In California, power lines may have played a role in the deadly Camp wildfire. In New Jersey, water utilities in the state have amassed 226 contamination violations of the Safe Drinking Water Act.

Our crumbling infrastructure is in desperate need of upgrades, but the price tag may be beyond the government’s budget.

Why Utilities Need to Disrupt Themselves

One of the biggest challenges facing utilities is how to move forward with next-gen, user-friendly tech that creates an atmosphere of transparency, engagement and maybe even an element of humor. How does a traditionally opaque and conservative industry develop deeper, more transparent customer relations?

THE FOREFRONT OF INNOVATION

Want to stay abreast of regulatory updates, inspiring innovations and thought leadership related to grid optimization? Welcome to our blog, where Franklin Energy’s experts come to delve into everything you need to know to stay at the top of your game in our ever-changing environment.

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