POWER Magazine, February 2022
Electricity plays a pivotal role in matters of life and sometimes death. While some of our critical infrastructure has a degree of failure mitigation – hospitals with their onsite generators, for example – many power generation facilities and much of the transmission and distribution network is exposed. In February 2021, Texans learned firsthand the price to be paid when electrical systems fail. After millions of Texans were without power, many were left to wonder – how can we improve these systems to prevent future catastrophic failures?
As power companies face stricter carbon emissions regulations and the pressure of having to always be on, the need for reliability will become even more important to the long-term success of this industry. Read the full article below or check out our Economics of Reliability Report: US Power Generation, Transmission, and Distribution to learn how reliability can impact the performance of power companies.