Jim Thomson with Deloitte Consulting

The Industrial Talk Podcast with Scott MacKenzie

Industrial Talk is onsite at DistribuTECH and talking to Jim Thomson, Vice Chair - Power, Utilities, Renewables with Deloitte Consulting about "Smart strategies for decarbonizing the power industry and grid investments". Here are some of the key takeaways from our conversation:

• Decarbonizing the power sector and industry professionals' innovations. 0:03
  • Scott Mackenzie interviews Jim Thomson, Vice Chair of Deloitte Consulting, at Distributech Orlando.
  • Jim reflects on progress in decarbonizing the power sector, noting increased momentum since 2022.
  • Topics discussed in 2022 included decarbonizing the world and stopping global warming, with a focus on 2030/2035 decarbonized grid.
  
  
• Decarbonization challenges in the power industry, including grid investment and permitting issues. 3:55
  • Jim: Decarbonizing power industry by 2050 requires 3x increase in renewable generation.
  • Regulators face challenge of balancing consumer affordability with decarbonization goals.
  • Jim: Utility companies need more investment in grid and clean energy sources, but regulators face challenges in increasing customer rates.
  • Jim: Historical permitting and interconnection issues hinder offshore wind projects, causing developers to face financial challenges.
  
  
• Renewable energy, battery storage, and supply chain resilience. 9:08
  • Jim discusses the tipping point for electric vehicles in the US, mentioning the need for increased electrification and new market models.
  • Jim highlights the potential for battery storage technology to address grid issues, with advancements in battery manufacturing and new storage technologies emerging.
  • Jim discusses the challenges of relying on traditional supply chains for rare earth elements in renewable energy technologies.
  • Jim notes that the transition to renewable energy is happening rapidly and requires nimbleness to keep up with changing technologies.
  
  
• Power grid modernization, renewables, and energy storage. 13:59
  • Scott MacKenzie and Jim discuss the evolution of advanced metering infrastructure (AMI) and its impact on the grid.
  • They highlight the need for utilities to manage holistically complex grids with multiple generation and consumption points through distributed energy resources management systems and advanced distribution management systems.
  • Jim highlights the complexity of power delivery and the importance of reliable, affordable, and secure power.
  • Jim and Deloitte work with clients across various industries to support them in a time of change and transformation.
  • Scott MacKenzie: "Connect with Jim for knowledge and sage advice in power, utilities, renewables."
  
  

If interested in being on the Industrial Talk show, simply contact us and let's have a quick conversation.

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JIM THOMSON'S CONTACT INFORMATION:

Personal LinkedIn: https://www.linkedin.com/in/jim-thomson-77796b5/ Company LinkedIn: https://www.linkedin.com/company/deloitte/ Company Website: https://www2.deloitte.com/sg/en.html

PODCAST VIDEO:

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