![]() ![]() ![]() Industry spending will likely remain high, and renewable penetration could accelerate further. We’ll be watching for technology deployments to advance and markets to evolve. To tackle this tall order, the electric power industry will likely continue to advance in its “3D” transformation: decarbonization, digitalization, and decentralization. In 2022, the tough challenges remain-boosting clean energy, ensuring reliability and resiliency, and maintaining security, while keeping costs down. At the same time, unprecedented and unpredictable extreme weather events challenged the grid’s reliability and resiliency, and cyberattacks on critical infrastructure increasingly made headlines. As the US economy began to emerge from its pandemic-induced recession, electricity sales rose 3.8% through August 2021 over the prior year. In 2021, the power and utilities industry tackled tough challenges, made measurable progress, and received clean energy encouragement from a new administration. ![]()
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