Company to Reveal Additional Energy Industry Insights at GTM’s Grid Edge World Forum
Newton, MA – June 20, 2017 – BRIDGE Energy Group today announced the results from their 2017 BRIDGE Index™ Utility Industry Survey on Grid Modernization. This marks the third year BRIDGE has surveyed utilities specifically on Grid Modernization efforts, the progress made and the challenges they face. This year’s survey, reaching over 20,000 utility employees throughout North America, reveals an 11% increase over 2016 survey results, of utility companies developing a grid modernization plan — with 91% of the respondents indicating they clearly understand the associated benefits and targeted outcomes.
“Grid Modernization is now mainstream and an active part of utility strategy driving a broad spectrum of changes in regulatory policy and the utility business model, and requiring investments in new real-time technologies and infrastructure,” said Mike Bianco, VP, Grid Operations Practice at BRIDGE. “We are encouraged to see that a clear mapping of utility strategic goals to required capabilities and enabling technologies, using tools such as the BRIDGE Line-of-Sight methodology, is providing clear value in stakeholder alignment and investment planning.”
The 2017 BRIDGE Index™ Utility Industry Survey on Grid Modernization also reveals:
- 84% of responding utilities are exploring new business models.
- Utilities’ top priority for grid modernization is maintaining or improving reliability.
- The #1 concern in delivering grid modernization initiatives is the integration of related systems and technologies.
- 97% of survey respondents expect an increase in grid analytics from and for their grid modernization plans.
Roy Pratt, Chief Architect and Technology Strategist at BRIDGE, will be sharing more insights at the GTM Grid Edge World Forum, June 27-29, 2017 in San Jose, California. On Wednesday, June 28 at 1:30pm, Pratt will be presenting Tailoring an IoT Architecture for Utilities, an architectural approach to the design and implementation of Internet-of-Things (IoT) technologies in utilities and why it’s critical to their future success.
“Within the utility industry, the IoT concepts find their way into distribution operations and information technology (IT) organizations through seemingly benign business requests,” Pratt stated. “The reality is that these requests should require departments to contemplate more about the future of their enterprise architecture, rather than a heavy focus on present-day issues.”
Complete Grid Modernization survey results may be obtained by contacting Research@BridgeEnergyGroup.com or visiting http://bit.ly/BRIDGEGridMod.
To optimize real-time operations at your utility, contact BRIDGE at 1.888.351.8999 or via www.bridgeenergygroup.com/contact-us/.