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There has never been a better time to work in the Power & Utilities
sector. With $43 billion invested in the last four years, and an
estimated $3- $6 billion forecasted to be invested annually, the
industry is absolutely booming. Due to this rapid development, its
important to take a step back and familiarize yourself with all you
need to know about the changing industry dynamics, the latest
developments, changes in the key stakeholders, and how to position
yourself to succeed.
The goal of this eBook is to put you in the drivers seat on your career.
Mohamed El Said is a part time contributor and intern at Hard Hat Hub. He has prior EPC experience
across several types of energy and distribution projects both nationally and internationally.
He holds a Bachelors of Mechanical Engineering from McGill University, Canada.
Hard Hat Hub is the fastest growing web platform that matches construction, engineering,
architecture and facilities professionals with leading companies.
CONTENTS
Generation:
In the US, that includes more than
5,800 large-scale power plants
and even more smaller generation
facilities. The vast majority are still
High-voltage transmission:
There are more than 500,000
miles worth of cables connecting
cities and towns with generation
facilities throughout the US.
Local distribution:
High-voltage is stepped down
and distributed to substations,
which bring power into homes,
businesses and industry.
Generation
Transmission
Distribution
Source: ASCE
4
Current market
overview
A CONSOLIDATING INDUSTRY
Consolidation has been the name of the game for utilities in the past few years.
Two of the largest three utilities in the nation grew as a result of mergers and
acquisitions. Duke Energys merger with Progress Energy has put them at the
top of the list, serving approximately 7 million with 57,700 MW of electricity,
while Exelons Merger with Constellation has led to the joint company being
responsible for providing 46,000MW to approximately 5.75 million customers.
What are the reasons behind this shifting industry dynamic? There isnt a cutand-dry answer, unfortunately. The reasons are unique for each utility, however,
the two most important drivers are highlighted below.
Whats driving
job growth?
U.S households!
billion alone!
The Investments:
Past, present and government
assistance programs
Currently, the nations power
delivery system is one that
is characterized by an aging
and antiquated infrastructure,
largely remnant of the groundbreaking technologies of the
1950s. A recently published U.S.
Department of Energy study
revealed that 70% of transmission
lines and transformers are more
in electricity infrastructure
requirements expressed as a
the infrastructure.
Grid modernization
delivery industry.
10
The skinny
The skinny
11