Just ahead of Juneteenth, Benevity releases results from an employee survey highlighting the importance of authentic corporate action on diversity, inclusion, equity and belonging.
Grid modernization is getting into gear across the country as electric utilities continue to work to automate distribution and smarten the grid. Buoyed by validating data, states such as California, New York, Illinois and Massachusetts are leading the way, providing blueprints for other regions to follow.
A just-released report, “CEOs Speaking Out on Social Media,” adds yet more numbers to the argument for brands taking stands, and to the growing assumption that chief executives should take the lead. Authors Ann Charles, founder and CEO of BRANDfog, and Susan McPherson, founder and CEO of McPherson Strategies, set out to examine “social media as an effective tool that enables CEOs to amplify their positions on key social issues.”
It’s been a headache-inducing nexus of active regulation, distributed energy and environmentalism for some electric utilities. Plunging costs of solar power and growing concerns of climate change are inspiring swelling ranks of the largest private and Fortune 500 companies pursuing not only aggressive renewable energy goals for sustainability purposes but also cost effectiveness and resiliency. Now utilities are facing the sobering question of whether to significantly invest in green infrastructure to keep these large customers and risk controversial rate cases, or watch helplessly as that caravan of large, rate-paying customers defects, taking considerable revenue with them.
Just a few years ago, there were predictions that 30 percent of power from renewables was all the grid could easily handle and that anything more would have significant consequences. However, recent events have shown that it is possible to integrate much higher levels of renewable energy without large negative effects. Part of the reason is that the growth has been incremental, typically a few percentage points a year, allowing grid planners to adjust as needed. It’s also because of the emergence of technologies and techniques that help incorporate fluctuating power from renewables into the grid.
The concept of “new energy” has ushered in a global movement dedicated to cost-effective sustainability, clean energy technology and grid innovation. Today more than ever, we’re seeing stakeholders and industry giants from all sectors — finance, manufacturing, retail, utilities, technology, even academia — come together in combined efforts.
The energy ecosystem is changing, driven by the advent of distributed clean energy, increased competition from new technologies and service providers, the evolving expectations of customers, and new opportunities for serving those customers. As the traditional business model changes, utilities are seeking new opportunities for revenue as they establish themselves as the “Preferred Energy Partner.” But getting there is another story, requiring a comprehensive category of innovative products and services that will define the future of revenue generation in the energy space.
PepsiCo’s purchase of SodaStream for $3.2 billion is the latest example of how cause-driven changes in taste and attitudes are disrupting the food and beverage sector.
Global engineering, procurement and construction company Black & Veatch’s newly released 2018 Strategic Directions: Electric Report explores the progress made by the industry as it addresses a rapidly changing customer base, commercial defection from the grid and a regulatory landscape challenged to support new market realities.
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