As populations grow and storms become bigger, utility operators and consumers alike are spending more time thinking about the resiliency of power grids. How much stress and strain can they withstand, and how quickly can they bounce back after wind damage, flooding or other difficulties? How much will it cost to increase that resiliency — and, just as critical, who will pay for it?
Boosting the grid’s resiliency definitely carries a cost, of course, and it’s businesses that so far have proven willing to open their checkbooks to pay for it, according to industry experts speaking on a panel at the REV4NY Exchange conference, held in September in New York. But as improving technology translates to lower costs for both hardware and software solutions, a more resilient power supply should become more attainable for everyone.