The Bionic Energy Network - Hero

The Bionic Energy Network

JUNE 24, 2022

This reckoning comes at a time when energy networks are facing growing pressure from many directions: regulation, which squeezes returns; the advent of distributed energy resources, which require new technological and operational approaches; and climate change, which has brought about more-frequent extreme weather events and crises, such as wildfires.

BCG’s research and experience show that, regardless of the industry, the most digitally advanced companies are blending new technologies with their human capabilities. These so-called bionic companies consistently come out on top, achieving operational and financial metrics that are better than those of their competitors.

The following collection of articles, written by my colleagues over the past two years, sheds light on how bionic energy network utilities are addressing some key challenges that are confronting the industry, including transitioning to renewable energy; managing assets, the workforce, and vegetation; and reducing energy losses and debt. As these articles demonstrate, bionic energy networks have achieved superior business outcomes by combining the best of what technology and human expertise have to offer.

We hope that these perspectives open up opportunities for your energy network.

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Article

Let’s Get Digital in Asset Management

By combining human know-how with technology, data, and advanced analytics, energy networks can predict potential failures, optimize asset performance, and reduce the time to deploy.

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Article

Cutting More Data and Fewer Trees

It’s time to take vegetation management to the next level. Adopting a bionic approach can reduce costs and risks while boosting employee performance.

Meet the Experts

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Clemens Möller

Managing Director & Partner

Boston

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Philip Hirschhorn

Managing Director & Senior Partner

Sydney

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Oxana Dankova

Partner & Director

Sydney

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Alfonso Abella

Managing Director & Senior Partner, Leader Deep Customer Engagement AI by BCG

Madrid

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Matthew Sundberg

Managing Director & Partner

New York

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Ferdinand Varga

Managing Director & Senior Partner

Dubai

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Magín Yáñez

Managing Director & Senior Partner

Madrid

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Konark Singh

Managing Director & Senior Partner

Dallas

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Justin Dean

Managing Director & Senior Partner

Washington, DC

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Carolyn Ford

Managing Director & Partner

Dallas