In the coming 15 years, electric utilities need to create sustainable businesses by reducing their carbon footprint by 50 percent. Change won't be easy by any stretch. But industry players that adopt new digitally enabled business models will stave off emerging competitors that haven't, so far, reached scale. The goal? To meet the growing demand from regulators, the financial community and customers who want more action on emissions reduction.
The stakes are high. It’s time for electricity companies to elevate their game and digitalize with low carbon business models, or risk becoming obsolete.