• All Posts
  • Empowering Grid Resilience for a Changing World: Socio-Economic and Business Impacts

Empowering Grid Resilience for a Changing World: Socio-Economic and Business Impacts

December 14, 2023

Grid resiliency will be achieved when we deliver a stable, secure, and efficient energy infrastructure that can adapt to the challenges of a dynamic and changing world. The socio-economic benefits are clear from a macro perspective, but grid resiliency also impacts business operations at the micro scale. What if your grid isn’t designed to manage load expectations from your evolving organization? 

Grid outages are costly, leading to economic losses, broken supply chains, damage to infrastructure and increased expenses for both individuals and organizations. On top of community and economic impacts, individual owners can face many forms of cost from grid outages such as lost productivity, infrastructure and equipment damage, logistical challenges, loss of revenue for utilities, disrupted services, emergency response costs, and long-term reliability costs, to name a few. As such, efforts to enhance the resilience and reliability of power grids are essential to mitigate these costs and minimize the impact of outages. There is usually not a clear strategy for mitigation that owners can take but there is a responsibility on them to adapt as change happens and this can be confusing and expensive.

Today’s technologies are already overwhelming grids in areas and as technology and regulations change, owners must be ready to acclimate to these changes. Take electric vehicles (EV) in California as an example, keeping in mind that this could translate into any electrical infrastructure system using energy from the grid. In September 2022, the State of California asked EV owners to limit the charging of their vehicles, just one month after an executive order directed the state to require that by 2035 all passenger vehicles must be electric or zero-emission. Updates to technology and regulations place the responsibility of monitoring charging and use on all automobile owners for the foreseeable future. This left EV drivers with a difficult choice of limiting their mobility through decreased use of their EV’s or regressing back to emission creating vehicles. As more sustainable practices become required to improve grid resiliency, owners across all industries will need to assume a consistent responsibility to align with the evolving clean economy and continued capacity demands. A clean economy centers on generating less climate pollution than it can effectively mitigate but is also a great means of preventing electric grid disturbances while enabling fast recovery after a disturbance.

In any case, developing new innovations impacts current infrastructure. Regardless of the type of project agreement you need, Viridis is a partner with experts in grid systems with an understanding that will provide resilient outcomes for clients needing to address today’s infrastructure priorities despite traditional roadblocks.

Whether you’re a business owner seeking assistance with decarbonization solutions, backup and resiliency capabilities, financial guidance, compliance with new regulations, or simply searching for a dedicated partner willing to shoulder operational and financial risks, our team is here to support and drive your projects to meet your reliability grid needs. Our commitment is to formulate cost-saving strategies, allowing you to redirect your attention to your core mission and focus on what you do best.