In move to cleaner energy economy, power sector falling behind in digital transformation

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By S&P Global Platts and P Global Platts. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

It's no secret that the power sector is undergoing dramatic changes.

Market dynamics and ambitious decarbonization goals set by the Biden administration are driving a transition away from fossil fuels and toward more renewable energy and electric vehicles.

Consumers and investors are also expressing new expectations for sustainability and a cleaner energy economy.

Utility executives have acknowledged a need for new digital technologies and a digitally savvy workforce, but a new survey by Ernst & Young found that the utility sector is falling behind in this digital transformation.

Nearly 90% of utility executives say they do not have enough workers with the right skills to take advantage of digital technologies, and many lack a plan to proceed.

We spoke with Ryan Levine of Ernst & Young about the report and what it means for the power sector going forward.

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