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Full Description
This book helps power industry executives to systematically navigate the complex technological and organizational changes necessary to recreate power grids.
This is especially pertinent in the current environment characterized by volatility, uncertainty, complexity, and ambiguity conditions. Across the globe, the electric power sector is facing many forces of change as it transitions from a fossil-based system to cleaner sustainable resources. Leaders in the power sector face unprecedented challenges in responding to these changes while continuing to provide safe, reliable, clean, and affordable electricity. Recognizing that historical and existing ways will not work, Jagoron Mukherjee and Marco C. Janssen present a new paradigm for industry leaders to tackle some of the key questions to determine the best path forward: What will the business be like in the future? What technologies will likely prevail? How should my company respond to constant change? How expensive will the transition be? Will the customer expectations be met? How fast do we need to change? Drawing on well-known management principles, the book helps industry leaders to provide a methodology to tackle these questions and sharpen their decisions as they embrace innovation, new customer expectations and digitization in their efforts to steer the energy transition.
Taking a holistic problem-solving approach, which addresses the power company as a whole, Recreating the Power Grid will be a valuable resource for all professionals working in this quickly evolving field.
Contents
Introduction: The Power Industry Challenge
Part 1: Forces of Change and Their Impacts
Forces Impacting the Power Industry
The Leadership Problem
Components of the Solution
Part 2: Addressing Three Critical Historical Gaps
Innovation
Customer Engagement
Data Management
Part 3: Preparing for Execution Readiness
Rethinking the Business Case
Blueprinting Program Architecture
Program Design and Management
Index
