ABSTRACT

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.

chapter |6 pages

Introduction

The Power Industry Challenge

part one|56 pages

Forces of Change and Their Impacts

chapter Chapter one|17 pages

Forces Impacting the Power Industry

What Are the Forces of Change That Will Require Power Companies to Operate Differently?

chapter Chapter two|13 pages

The Leadership Problem

How to Turn the Long-Standing Power Industry into a Startup?

chapter Chapter three|22 pages

Components of the Solution

What Are the Ways and Means to Counter the Impacts of Change?

part two|72 pages

Addressing Three Critical Historical Gaps

chapter Chapter four|28 pages

Innovation

What Are the Areas of Innovation?

chapter Chapter five|22 pages

Customer Engagement

What Are the Customer Engagement Requirements for the Future?

chapter Chapter six|20 pages

Data Management

What Are the Data Management Requirements?

part three|65 pages

Preparing for Execution Readiness

chapter Chapter seven|26 pages

Rethinking the Business Case

What Are the Requirements to Develop Business Cases Differently?

chapter Chapter eight|15 pages

Blueprinting Program Architecture

What Are the Requirements for Building a Program Architecture as a Solid Foundation for Execution?

chapter Chapter nine|21 pages

Program Design and Management

What Are the Requirements for Program Design and Management?