Episode 10 - Sector Focus: Powering the Utilities Industry

Show Notes

Host:  Ryan Harris

Guest: No Guest

Description:  Even before the recent passage of the historic Inflation Reduction Act climate legislation, the utilities sector was already heavily reliant on weather and climate services.  The passage of the IRA and its omission of significant weather services investment opens the door for deeper private sector support to the industry.  Everything from energy trading, to direct environmental impacts to water and energy grids, and the growing renewables verticals within the utilities sector depend on accurate and reliable environmental intelligence.  This episode sets the stage for a deeper conversation that we’ll have next week with one senior meteorologist working on the front lines of optimizing energy savings and value using advanced weather technology.

References:

• 7 steps to make electricity systems more resilient to climate risks
• The largest climate and energy package in U.S. history becomes law
• Investors flock to green energy funds as climate bill passes (CNBC)
• The Importance of Weather and Climate to Energy Systems: A Workshop on Next Generation Challenges in Energy–Climate Modeling (BAMS)
• Extreme Weather and Climate Vulnerabilities of the Electric Grid (ORNL)
• Op-Ed: The Pentagon must prevent its mounting climate casualties (The Hill)
• Understanding global electricity trading (Investopedia)
• The Inflation Reduction Act, passed Aug 16, 2022 (i.e. Climate Bill)
• Inflation Reduction Act macroeconomic effects (Wharton)

Extreme weather magnifies energy supply and demand

(0:01:40)

Inflation Reduction Act opens gap for weather industry

(0:02:31)

Sector verticals: energy trading and direct utilities impacts

(0:04:43)

Weather and climate tech for utilities

(0:07:57)

Weather and climate gaps for industry

(0:09:54)