From weighing an ox to predicting the future, it’s often said that there’s wisdom in crowds.
A new report from the global consulting firm Black & Veatch aims to tap into that wisdom by polling 576 top minds in the energy industry. What forces are pushing utilities to change? How are power providers responding to flattening load growth? With coal and nuclear plants slated for retirement, what will take their place?
Black & Veatch asked, and utility decisionmakers answered. Here are 12 key things we learned from the report.
1. Reliability is still king. With distributed generation, smart meters, and regulatory reform sweeping across the country, it’s easy to feel like there are no more knowns in the energy world. But for American utilities, one thing’s the same as it ever was: the paramount importance of delivering power on time, all the time. Black & Veatch found that reliability is still the number one concern in the industry.