Japan’s utility solar capacity exceeded 10 gigawatts in 2023, supported by feed-in tariffs The EU’s renewable energy target for https://logotype.dev/articles/trash-can-logo-a-creative-and-eye-catching-design-for-your-brand 2030 (32%) was exceeded in 2023, with renewables contributing 42% of electricity Hydroelectric power provided 16% of global electricity in 2023, with 90% of that from renewables Australian utilities launched a blockchain-based grid trading platform in 2023, enabling peer-to-peer energy transactions
They focus on what we see as some of the highest-priority areas; those with the most potential to deliver the most immediate impact on the journey toward sustainability and decarbonisation. Dealing with climate change risks – PwC supports pilot project in the insurance industry. PwC legal experts http://nerzhul.ru/technology/317.html offer services supporting the transformation to renewable energy.
A report on the new list of key sustainability issues is expected this fall. The priorities most frequently cited are energy reliability and resiliency, safety and health, and cyber and physical security. “Executive leadership is paying more attention to new technologies and the risks and opportunities they present to the long-term economic viability of utilities—and how all this relates to sustainability. Exelon partners with EPRI, an independent nonprofit organization https://www.storonniki.info/the-ultimate-guide-to-19/ for public interest energy and environment, on research and development programs. A nonprofit and nonpartisan organization, Resources for the Future has a mission to improve environmental and natural resource policymaking worldwide through objective social science research of the highest caliber. In 2025, we helped utility customers save over 28.8 million MWh and avoid more than 9.9 million metric tons of CO2e through energy efficiency programs.
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In 2026, utilities will continue to shift from planning to execution. At least two states now have LDES requirements totaling more than 2.75 GW.16 Utilities are also procuring 8-to-10-hour storage to address reliability gaps during high-demand seasons and reduce unused renewable energy generation.17 While this can relieve peak stress, it is not a one-for-one substitute for firm generation like gas or nuclear. The US Department of Energy projects about 104 GW of coal and natural gas retirements by 2030, offset by 209 GW of new capacity.11 Yet only 10% of those additions will be firm baseload, widening the reliability gap (figure 1).12
- His focus areas include utility generation and distribution, gas transmission–related midstream activities, and storage, as well as nuclear generation, independent power production, and renewable energy.
- Utilities can cut emissions and losses fast through electrification, renewables, and smart grid technologies.
- Another way utilities and power companies can make a positive impact on the environment is by engaging with their customers and promoting sustainable practices.
- She studied how people in small, local communities manage shared natural resources.
- Discover our six recommended areas of focus for utilities, the government, and regulators
Additionally, utilities and power companies can incentivize sustainable practices through programs such as energy efficiency rebates and green energy options. Utilities and power companies can provide resources and education to their customers on how to reduce their energy consumption, recycle properly, and adopt other sustainable behaviours. Utilities and power companies can make a positive impact on the environment by reducing their carbon footprint and adopting sustainable practices. Also, utilities and power companies can explore alternative sources of energy, such as geothermal energy and energy from biomass. There are several ways that utilities and power companies can become more sustainable.
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They also advocate for a cultural dimension in all public policies. They say the traditional three dimensions do not reflect the complexity of contemporary society. They also highlight the link between environmental and social sustainability and the importance of addressing the two together so that actual progress can be made, as policymakers often categorize and handle them separately.
- To effectively advance sustainability, solutions need to focus on “fostering political commitment, enhancing inter-agency coordination, securing adequate funding, and engaging diverse stakeholders to overcome these challenges.”
- In 2026, utilities are likely to expand AI-assisted analytics in control rooms, widen adoption of gen AI copilots across operations, and formalize oversight frameworks—with human oversight remaining central.
- “Executive leadership is paying more attention to new technologies and the risks and opportunities they present to the long-term economic viability of utilities—and how all this relates to sustainability.
- It may be popular with governments and business but does not ensure the preservation of the earth’s ecological integrity.
- This paper examines the key elements that impact the business existence of utilities, the challenges they face and the measures necessary to ensure long-term sustainability.