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Deloitte’s Power, Utilities, and Renewables Solutions

Optimize and modernize existing power, utilities, and renewables infrastructure using advanced technology.

Deloitte solutions help power, utility, and renewables service providers increase operational efficiency while ensuring the safety, reliability, and efficiency of their infrastructure.

Deloitte’s Power, Utilities, and Renewables Solutions

Optimize and modernize existing power, utilities, and renewables infrastructure using advanced technology.

Digital tools and technology to anticipate and manage energy challenges

Deloitte’s deep industry experience and advanced digital tools help power, utility, and renewables service providers increase operational efficiency while maintaining high standards of safety and reliability. Our industry-specific services and solutions help providers proactively anticipate and manage complex industry challenges, enhancing infrastructure resilience and future-readiness.

Using digital tools and technology to anticipate and manage industry challenges

Deloitte helps providers across the power, utilities, and renewables spectrum anticipate and respond to complex challenges by offering a range of industry-specific services and solutions.

Field services

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Data modernization

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4 emerging technology and legislative factors to watch in the power and utilities industry

Advanced Metering Infrastructure (AMI) 2.0

The convergence of next-generation technologies such as smart meters, edge computing, advanced grid operations, cybersecurity, intelligent automation, and 5G networking will continue to reshape the industry.

Distributed Energy Resource Management Systems (DERMS)

A combination of hardware and software that allows for better real-time management of the grid by controlling and coordinating various distributed energy resources such as solar, wind, and battery storage.

Enterprise Asset Management (EAM)

The use of new technologies to improve asset performance and reliability for both power generation plants, linear distributed assets (like power lines) and fleet assets (like transformers) will continue to increase.

Government Regulations and Legislation

The Infrastructure, Investment, and Jobs Act (IIJA) and the Inflation Reduction Act (IRA) are two pieces of US legislation that will drive continued change for utilities, especially as they relate to meeting social goals and providing to underserved communities.

Strategies to accelerate transformation and build resilience

Utilities are under pressure to meet the energy demands of the AI economy while maintaining affordability. Deloitte explores strategies that can help the industry transform faster and build resilience.

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A power and utilities industry outlook

Supply chain snags, rising costs, and extreme weather will continue plaguing the power and utilities sector. But promising trends in innovation and investment, buoyed by recent US IIJA and IRA legislation, empower the mission to provide increasingly secure, reliable, clean, and affordable electricity.

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How can electric companies navigate a shifting landscape?

Amid rising costs to produce electricity and slow demand growth, electric companies are having to rethink their business strategies. How will this play out by 2030?

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Industry trends

Increased demand presents challenges and opportunities to modernize, innovate, scale, and enhance resilience.

+26%

Approx. 26% increase in peak demand projected by 2035¹

2 TW

Two terawatts of capacity are stuck in interconnection queues¹

176 GW

Data center demand could reach 176 gigawatts by 2035¹

Increased need to address vegetation management

As climate change impacts increase, so too does the need to address vegetation and plant growth around utility infrastructures to help mitigate risk.

Plant growth in specific areas around field assets is the single largest cause of service outages in the US, per the Federal Energy Regulatory Commission (FERC).²

$7 billion

Estimated annual spend on vegetation management by utilities in the US according to Leidos’ Commercial Energy.³

$1 billion

Annual budget for vegetation management of business units of California utilities alone.²

$1 million

Regulatory fine per violation, per FERC standard FAC-003, for failure to address vegetation encroachment requirements.²

Global Microsoft Technology Services

See how Deloitte helps clients harness their technology to achieve desired outcomes and drive value. Learn more about our Global Microsoft Technology Services.

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