Increasing electric grid resilience with integrated planning Volatility is normal in commodities markets. But energy and commodities companies, including utilities, industrial firms, and trading houses, are now dealing with higher frequency of extreme events. They face four big fundamental changes in the markets. First, energy markets in particular are becoming
The number of residential power storage systems is expected to increase significantly in the next few years thanks decreasing technology costs, increasing electricity rates, enhanced government and utility incentives, and the increasing risk of power-disrupting natural disasters. As residential storage becomes ever more widespread and neighborhood battery density increases, communities
A number of PJM states have announced decarbonization policies. These could reduce PJM’s emissions by 49 percent by 2040 (relative to 2017) and economy-wide emissions in these same markets by 26 percent. We call this the status quo scenario. We also devised a hypothetical, “deep decarbonization” scenario that envisions PJM
At the same time, they are up against aging infrastructure, increasing nonrevenue losses, and a declining ability to ensure proper supply and sanitation. There’s an urgent need to cut costs—and a clear opportunity to streamline maintenance in operations. Learning from the power sector, some water utilities are applying new techniques
The Electric Reliability Council of Texas (ERCOT) issued a level-three Emergency Energy Alert, meaning energy demand was very high, and conservation was critical. By noon, more than 4.3 million homes and businesses across the state were without power (around 34 percent of total customers) and around 26 percent remained wholly
A few years ago, when Gmail rolled out its autocomplete feature, the big worry was that having a bot finish our sentences would homogenize our emails. We were so damn cute back then. That worry looks almost trivial now that we’ve got “generative AI,” a suite of tools ranging from ChatGPT and GPT-4 to
It’s too early to tell how Microsoft will ultimately fare in the AI search war it started with Google. Both companies have now rolled out their AI-infused search offerings, though Microsoft’s new Bing, the result of its partnership with OpenAI, which made ChatGPT, has gotten the lion’s share of the attention and praise. Google’s Bard chatbot,
It’s been a year since Elon Musk initiated his takeover of Twitter. If you’re on Twitter today, you’re likely experiencing an app that is more frequently broken, more random, and more unhinged. The site has seen a sustained uptick in outages and bugs. Many users are complaining about seeing more content in the
The energy business is not just going through a period of change – it has already changed. Every day we see reports on improvements or innovations within the renewables industry. New companies are springing up faster than Usain Bolt does the 100 meters, and the traditional giants are investing millions into