The power industry is undergoing a fundamental, once-in-a-generation transformation in both structure and underlying economics. Market pressures driving change include regulatory changes, new market entrants, technology advancements, supply chain issues, operating cost pressures, asset hardening for climate resiliency, and a race to decarbonize just to name a few. These pressures are forcing power market players (e.g., developers, utilities, etc.) to adopt new business models, invest in technology, and implement new work approaches to change business models and remain competitive.
ERM partners with our Power industry clients to understand their challenges and provide both strategic and tactical solutions, including:
- Supporting capital investment in new generation, transmission, and distribution
- Developing and implementing energy technologies, policies and solutions
- Reducing asset vulnerability and increasing resiliency to climate related risks
- Optimizing grid capacity – new transmission and distribution, load efficiency, boundary connections, storage, etc.
- Addressing environmental health, social and safety (EHSS) operational performance improvement issues
- Developing leading edge health and safety programs
- Providing managed services to address resource concerns
- Ensuring regulatory compliance
- Advising on stakeholder and political engagement
- Creating and implementing strategies and tactics to sustainably retire assets
- Supporting refurbishment of brownfield sites for renewed economic development
- Provide expert insights in the rapidly expanding renewable energy sector, in established and emerging markets, regionally and globally, across key stages of strategy, development & construction of power grids
Our energy expertise covers the radical changes in the energy landscape due to the electrification of heat and transport, increasing levels of distributed generation and battery storage, and a more active role of consumers in the energy system. We can help clients through:
- Understanding of consumer behavior and policy impacts
- Understanding of emerging technologies and innovation
- Forecasting changes in energy demand, supply and network flexibility
We are increasingly finding that the intricacy of the challenges requires a multi-discipline solution. ERM’s cross-disciplinary approach incorporates our broad technical knowledge with in-depth market insights to help bring significant value to our client's efforts to substantially improve business performance.
