Keep Pace with the Transforming Energy Market

We’ve heard it again and again: the electric power industry is going through the greatest transformation since its inception. Today’s utility investments must support renewable energy solutions, customer choice, energy storage, and a variety of other new or emerging technologies.

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According to ReportLinker research, the market for utility asset management will surpass $4 billion by 2022 at a compound annual growth rate (CAGR) of 8.25% over 5 years. While reports from Research and Markets forecast the utility analytics market and digital utility market will grow at faster CAGRs, the utility asset management market remains larger by dollar amount because of the size of territories, number of assets, and intricacy of utility infrastructure. The growth in utility asset management is heavily impacted by increasing grid complexity and investments in grid modernization, among other factors.

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OSF HealthCare, an 11-hospital health care system serving Illinois and part of Michigan, has been committed to reducing its energy usage for almost a decade. In fact, Ameren Illinois recognized OSF HealthCare for its efforts with the Ameren Illinois Energy Savings Projects Excellence and Environmental Award in September. But even after completing more than 140 projects to save 6,148,950 kilowatt hours (kWh) of electricity – enough to power 638 homes for one year – OSF HealthCare was on the hunt for more saving opportunities.

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Are you ready to comply with the National Fire Protection Association’s (NFPA) 2018 edition of NFPA Standard 70E for electrical safety in the workplace?  This standard provides requirements to help employers reduce risks to employees from arc flash and other hazards when working on or near energized equipment.

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With the growth of renewable energy, the number of distributed energy resources (DER) feeding into the electric power system (EPS) is growing too. Since a traditional EPS is not designed to accommodate power coming from distributed sources, utilities are facing a number of challenges.

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As a manufacturer, you want to build your product faster, better, and safer. But with so many potential automation solutions available, it can be overwhelming to decide where to start. So how do you ensure your road to automation is successful?

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Customer service is a valuable part of any utility business strategy. When the power goes out, customers aren’t concerned with how the power will be restored - they just want it back on. Utilities are feeling more pressure to protect the grid from extreme weather and restore power as quickly as possible with hurricanes, floods, and snow and ice storms causing more power outages in the United States than any other source.

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Nearly all utilities rely on third-party contractors to promote and implement energy efficiency programs. These contractors, or trade allies, act as an extension of utility staff in order to promote, sell, and install energy efficiency products and services.

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Manufacturing Day is celebrated on October 6 this year to recognize advances in manufacturing and inspire the next generation of manufacturers. Over the last decade, there have been major changes in manufacturing that give the next generation a lot to be excited about. Most notably may be the Industrial Internet of Things (IIoT), the Industry 4.0 workgroups, and the impact big data and cybersecurity is having on operational technology (OT).

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LEDs have taken the energy efficiency industry by storm. It’s no secret that LED light bulbs last longer, are more durable, and offer comparable or better light quality than any alternatives. However, for the commercial lighting sector, all LEDs are not created equal. That’s where the DesignLights Consortium (DLC) comes in.

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