For electric utilities, these are disruptive times. The ongoing shift to sustainable energy sources creates a whole new level of grid complexity. Alternative power sources are intermittent and decentralized, all the way down to the solar rooftops of homes and businesses that feed power onto the grid, creating new grid management challenges for utilities. All the while, the shift to renewable energy is accelerating — renewables now account for a third of global energy capacity.
With the rapid shift to renewable energy and the transition to a grid where energy flows in two directions, utilities are facing added challenges brought by legacy infrastructure and aging electric grid systems. Moreover, given that utilities are considered critical infrastructure, they face a growing range of cyber and physical security threats, along with ever-more stringent regulatory and compliance requirements.