Tech Buzzword Trajectories
Scott Neuman is group vp, and Paul McDonald is senior director for industry strategy, at Oracle Utilities Opower.
Utility customers are becoming more complex and no longer can be taken for granted. And while they are being pulled in many directions by this thing called life, utility companies have to do more with those short attention spans. Scott Neumann and Paul McDonald with Oracle Utilities Opower have done a lot of that legwork for you on what to do with those captured minutes and here give you those takeaways from their research.
PUF's Steve Mitnick: We just finished the NARUC Winter Policy Summit. There were over sixteen hundred people there. One of the main themes was EVs — the electrification of transportation. What are you hearing, especially from your utility customers about what they're looking for and how they're trying to manage the opportunity?
Scott Neuman: It's clear that electric vehicles are coming and fast. The International Energy Agency predicts the number of electric cars on the road will rise from a little over three million in 2017 to one hundred and twenty-five million in 2030. That's a break-neck pace of change, and in conversations with utility executives, the challenges are clear.
One is EVs are bringing spiky new loads onto the grid, which will stress assets and reliability. To date, many of these companies have had limited visibility into where and when that new load will hit their systems, and that's a challenge we're helping address.