Five key threats to grid reliability in Asia’s electric industry

Published onNovember 13, 2020

Uncertainty of investments caused by a financial downturn and renewable energy are the two biggest concerns of Asia’s electric industry today, according to Black & Veatch’s first-ever Strategic Directions: Electric Industry Asia 2021. The report highlights the five key threats to grid reliability in Asia and these include: Network capacity investment not keeping pace with demand; Underinvestment in more reliable transmission networks; Introduction of too much intermittent renewable energy; insufficient energy storage capacity; Natural disasters. The report is based on data provided by senior energy industry leaders and points to the need to balance affordability and pressure to decarbonize power generation while integrating reliable and resilient systems to cope with natural disasters, extreme weather events and the intermittency of renewable energy. Narsingh Chaudhary, Black & Veatch’s executive vice president, said: “Financing and integrating renewable energy are of most concern for the region’s electric industry as we continue to manage through the impacts of COVID-19. We see a need for more integrated solutions across generation, transmission and distribution, as well as the expansion of gas-fired generation and energy storage to improve efficiencies and resilience.”

Source: https://www.smart-energy.com/industry-sectors/energy-grid-management/five-key-threats-to-grid-reliability-in-asias-electric-industry/