Globally, power and utilities companies face a rather complex challenge. From improving environmental performance to maintaining system reliability, they must successfully meet increasing consumer expectations. Consequently, the industry finds itself being pulled to economise, whilst at the same time trying to drive further innovation in the industrialised world. Any utilities or power executive search must be mindful of these competing priorities and consider whether a candidate is able to think broadly enough to find workable solutions.
Accounting For Distributed Energy Resources In A Power Executive Job Search
In the past few years, increased demand for distributed energy resources and the urge for cleaner power have been reshaping centralised fossil-fuel-based grids to accommodate variable renewable energy resources. For clarity, a distributed energy resource or DER is a form of electricity-producing resource which is directly distributed to a smaller and local system. A good example would be solar panels or a small-scale wind turbine farm. These resources tend to be cheaper than traditional power.=
Distributed energy resources installed by individuals or utility companies are helping to meet regional growth in demand. However, such decentralised systems come with their own challenges. During your utilities or power executive job search, you will need to question the applicant on how they would seek to incorporate these new systems into your existing operations. You could ask them about their experience with more advanced network management systems that allow you to view and analyse real-time data about the flow of energy across the distribution network. By accessing such dynamic and detailed data, you will find it easier to keep a track of how smaller DER networks are performing, which ultimately helps to improve reliability for the end customer.
The increasing demand for emerging distributed energy services is slowly reshaping the power and utility landscape. As a result, 2018 is set to be a year characterised by innovation and disruptive technology across the major energy sectors, from coal and natural gas to nuclear power and renewables.
Planning To Meet Climate Change Targets
Giving the urgency to meet the targets set by the 2015 Paris Climate Change Agreement for the reduction in greenhouse gas emissions, nuclear power is likely to become an increasingly attractive source of low-carbon electricity for mature industrial economies. It is expected to work in tandem with ever-cheaper renewables such as wind and solar. A utilities or power executive search candidate should have a strong understanding of both the advantages of nuclear power and the opposition it faces from particular groups. Most people’s concerns centre on the environment and health and safety and your candidate should be able to address to these.
Therefore, as we enter the new year, the same trend towards a two-way, decarbonized grid is still very much in play. As solar and wind energy becomes increasingly cheaper, they have now reached grid parity across much of the UK. This means that it is being produced at a cost equal to or lower than that of purchasing electricity from the national grid. In addition, utility companies are embracing more flexible natural gas generation and energy storage techniques to support the integration of these more intermittent resources.
As the Power & Utilities industry continue to grow beyond their traditional business model, the primary limit for companies is their own ability, whether in marshalling their capital, establishing productive partnerships, choosing effective technologies, or bringing to scale the capabilities they will need to thrive over time in this new world.
Areas we cover:
- Power Generation & Distribution
- Renewables & Clean Tech
- Management Consultancy & Professional Services
- Financial Services – Infrastructure Finance // Capital Markets // Project Finance
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