EPRI
Rob Chapman is SVP, Energy Delivery and Customer Solutions at EPRI.
On top of electrification, the energy sector is seeing early signs of growing industrial electricity demand — which had been flat-to-declining over the past thirty years — in addition to the electrification of transportation and buildings. Driving this growth are incentives for domestic production from the Bipartisan Infrastructure Law, the Inflation Reduction Act, and the CHIPS and Science Act.
As more manufacturers onshore and expand operations, how will the growth of electricity consumption affect the energy sector? In the new report, EPRI looked at how U.S. reindustrialization could impact energy demand, factoring in additional drivers such as electrification, digitalization, and decarbonization.
Public Utilities Fortnightly wanted to know more about this impactful EPRI report, and went to an expert, EPRI's Rob Chapman, for a discussion on where this is all going. Listen in.
PUF's Steve Mitnick: Talk about the top line takeaways from this report about onshoring.
Rob Chapman: To level set, when we look at the industrial portion of electric consumption, it's about twenty-five percent of total electric load. But what's interesting about that is it's been relatively flat for the past thirty years.
As such, from an electric company perspective, there hasn't been a need to plan for significant growth in manufacturing in the past thirty years. That is because there has been an offshoring of manufacturing.