POWER Magazine•2 days ago
From Bottleneck to Breakthrough: Why Procurement Is the Utility Industry’s Critical Capacity Builder
- •Electricity demand is projected to surge 25% by 2030 and 78% by 2050 from 2023 levels, creating an urgent need for new generation capacity.
- •Utilities face a 'perfect storm' of aging infrastructure, climate-driven disruptions, and escalating expectations for reliability and resilience.
- •The article highlights strategic procurement as the critical lever for utilities to acquire the 'entirely new sources of capacity' required to meet future demand and grid challenges.
policy