The Bionic Network Company #5: Getting More from the Digital Transformation Journey
Many utilities have yet to capture the full potential of digital. What four areas should companies focus on to unlock value from their digitalization initiatives?
Many utilities have yet to capture the full potential of digital. What four areas should companies focus on to unlock value from their digitalization initiatives?
Vegetation management is not a new focus for utility networks looking to mitigate the impact of climate change. By using a bionic approach, an entire industry can be revolutionized.
How can the bionic approach solve the issue of bringing data and digital technologies to asset management?
Energy networks can accelerate the adoption of digital developments by pursuing the “bionic company,” where employees are reinforced--instead of replaced--by technology.
As COVID-19 continues to spread, energy companies must take a bionic approach to digital workforce management systems. How do these businesses select and implement the best solution?
BCG’s Sabine Stock says power generators must become more focused on cost cutting; pay more attention to flexibility, particularly when it comes to staffing; and approach maintenance routines in new ways.
The survival of conventional power producers requires improving productivity long term. Lean management systems and new digital technologies can complement utilities’ belt-tightening efforts.
Beware the hydrogen hype. Low-carbon hydrogen does have massive potential—but only if companies target its use in areas that make economic sense.
As a new digital age allows the wind energy industry to expand data capture, IoT tools prove essential to reduce cost and maximize revenue.
Volume & fidelity of wind turbine generators and third-party data have increased tremendously. How, and where, can IoT create value for wind energy companies?
Four common barriers stand in the way of wind power players finding success through IoT integration. Here are the best practices to overcome these roadblocks.
The US power grid is at an inflection point, with extreme weather events across the Southeast region highlighting the changing nature and demands of grid resiliency.
The impact on the business can be jarring, particularly in the early stages of the market’s opening. But incumbents have options.
Utilities must upgrade the grid to handle demand from electric vehicles. The catch? They must avoid driving customer rates through the roof in the process.
Power network operators face multiple potential disruptions. Widespread defection from the grid is just one of them.
B2B energy retailers face trying times. To survive, they will need to boost liquidity and rethink major parts of their business.
The company’s director of operations explains how the startup energy retailer provides a top-notch experience while keeping costs down.
According to BCG’s Stephan Lehrke, power companies can increase their retail business by increasing customer growth and improving profitability, moving into other markets, and building up their retail operations through value-added services—especially digital.
Distributed energy is transforming the way energy is generated and used. To stay competitive, incumbents must strengthen their understanding of B2B and B2C customers’ needs in diverse industries.
The public charging infrastructure is beginning to take shape, and with it a wide range of market opportunities—but only for those companies that act now.
Hydrogen is on the verge of becoming instrumental in the fight against climate change—and providing a $200 billion revenue opportunity for machinery makers.
Companies can create business advantage and value while accelerating climate action.
The Biden administration’s climate plan can simultaneously repair damage done to the environment and the economy. Here’s how.
Better energy storage technology and renewable costs will be key drivers in the future, where key industry players should expect more grid parity with fewer incentives.
Even companies with modest direct-emissions footprints can make a global impact on decarbonization by implementing nine initiatives in their supply chains.
The region is set to become the key destination for renewable-energy development and investment, with capacity expected to increase by about 2 terawatts by 2030.
Blockchain might not be the panacea some anticipate. But the hype surrounding it could drive attention and solutions to the problems that plague commodity trading.
By making smart moves and adopting the right business model, companies can mitigate the risks and capture the upside of digitization.
The US gas market is seeing a raft of bullish price forecasts—but appearances can be deceiving.
In light of the pandemic and the supply shock in oil markets, gas companies must strengthen their positions and plan ahead.
Beijing’s decision to create a single national pipeline company will open up significant opportunities for global gas players.
This report, coproduced by BCG and the International Gas Union, assesses recent trends shaping today’s global gas industry and the factors that will affect the market in the future.
BCG has developed an effective approach that utilities can use to minimize the odds of being blindsided by a major supplier-related event.
A fully empowered procurement function can deliver material cost savings and broad, organization-wide benefits to a utility.
M&A deals are destroying shareholder value in the industry. Poor post-merger integration is to blame. Here’s how to turn the power back on.
During price upturns, companies often indulge in bad behavior, such as “window dressing” capital projects with overly optimistic cost and completion assumptions—jeopardizing project performance.