Addressing the Energy Trilemma
Trey Thornton is EY Americas Power & Utilities Leader. Jeff Miller is EY Americas Power & Utilities Strategy Lead. Omar Al-Juburi is EY Americas Power & Utilities Technology Consulting Leader.
Despite an ever-evolving energy landscape, three core priorities remain for U.S. utilities: providing reliable, affordable, and sustainable energy. In 2024, utilities are balancing traditional and novel funding approaches to progress these priorities. In fact, utility executives are better positioned than ever before to confidently make the transformational decisions needed to progress the energy transition.
To start, utilities should focus on three key opportunities:
Strengthen the balance sheet to support investment strategies that will create lasting value for stakeholders.
Maximize newly available capital — such as funding through grants and tax credits — to accelerate the energy transition.
Modernize technology to progress the business.