EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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Power & Utilities
The world’s energy systems are reshaping at speed. P&U companies must drive bold transformation now to compete in a more complex, interconnected energy system. EY helps P&U companies to confidently reimagine their role in a future energy ecosystem to realize more value today and drive purposeful growth.
3,200+
global P&U clients trust EY to help them create long-term value
18,000+
P&U practitioners across 150 countries, ready to help clients today
US$1b+
annual investment in data, tech and AI to solve client challenges
Solving your complex challenges
- Digitizing the grid
- Managing capital
- Empowering consumers
- AI and Innovation
CHALLENGE
Transforming the grid for a digital, low-carbon future
Rising demand and increasing load volatility means utilities must expand and digitize grid infrastructure at scale and at speed.
HOW EY CAN HELP
EY helps utilities define and execute a digital grid strategy, aligned with business goals and focused on value, to better integrate renewables, empower customers and accelerate the energy transition.
- Tailored roadmap: Supporting every organization to define their digital grid strategy, address individual challenges, increase resiliency and flexibility and build a platform for long-term value.
- Leading grid technology: Deploying EY proprietary tools and platforms, combined with our industry-specific insights and collective knowledge to help accelerate successful digitization.
- Proven global experience: Drawing on lessons learned from leading smart grid and digital energy projects around the world to help utilities navigate pain points and make the right decisions at the right time with the right technologies, vendors and partners.
- Change management support: Helping utilities to drive sustainable, significant change by supporting them to implement large-scale IT and OT projects and adopt an agile culture.
FEATURED
Digital grid services
EY Digital Grid helps power companies digitize their grids for a resilient, flexible, data-driven and sustainable energy system.
CHALLENGE
Restructuring capital and managing supply chains to scale and sustain transformation
Building the future energy system requires unprecedented investment, but today’s returns, short-term shareholder pressures and the risks of maintaining ageing assets threaten to hold back urgent change.
HOW EY CAN HELP
EY helps P&U companies develop no-regret strategies that manage the duality of strengthening the core business today and developing opportunities for tomorrow.
- Capital solutions to meet changing needs: Supporting clients to attract low-cost capital to invest and grow, and to develop innovative financing mechanisms to fund ambitious energy projects.
- Non-traditional funding opportunities: Leveraging our global network to help utilities form partnerships such as power purchase agreements, and drive M&A across sectors, private equity and infrastructure investors.
- Optimized capital allocation strategy: Transforming portfolios to strengthen returns today and using our deep understanding of the changing energy market to identify future opportunities for growth.
- Finance function transformation: Transforming finance from end-to-end through technology, data and talent to improve efficiency and agility and create a future-focused finance function.
FEATURED
Energy and Resources Strategy Consulting
EY-Parthenon energy strategy consulting teams help C-suites drive future value-creation.
CHALLENGE
Transforming the customer experience to drive energy prosperity
As the energy system evolves, what customers want — and the world needs — from providers is shifting fast. Companies that develop consumer-centric strategies can meet expectations, improve system reliability and unlock growth.
HOW EY CAN HELP
EY helps utilities harness innovative technologies and agile ways of working to empower their workforce and transform the customer experience.
Improved engagement and satisfaction: Leveraging our market-leading global research and deep insights to help utilities meet the changing needs of diverse customers, improve affordability and increase satisfaction, loyalty and trust.
Leading practice processes and operating models: Supporting teams to adopt better business processes, technical capabilities and operating practices to build flexibility and agility.
Frontier technology: Deploying customer platforms, AI and new technologies that help utilities uplift customer experience, optimize workforce productivity and safeguard data and privacy.
Accelerated innovation: Building the capabilities and ecosystem of business and technology alliances and partners to develop and scale new ideas quickly.
Sustainable growth: Helping utilities develop the offerings and operating capabilities that drive long-term growth, protect revenue and shape a sustainable energy future.
FEATURED
CHALLENGE
Improving performance through digital and innovation
AI, machine learning and other emerging tech can unlock a new frontier of performance and customer satisfaction — if utilities can develop secure, strategic deployment plans that deliver on business goals.
HOW EY CAN HELP
EY helps utilities harness the potential of AI and emerging technology to innovate, transform and unlock tangible business value.
Improved performance and cost efficiencies: Deploying digital technologies to optimize business impact for every utility — including through reducing costs, improving efficiencies and elevating operational excellence.
Enhanced energy system reliability, affordability and security: Helping utilities adopt AI-led solutions that better manage dispatchable capacity and peak demand to balance systems, manage costs and improve energy security and reliability.
Sector-specific digital solutions: Leveraging EY’s US$1b annual investment in technology, alliances and collaborations with Nvidia, SAP, Microsoft, IBM and others to help clients innovate faster through tools and platforms designed for utilities.
Future-proofed cybersecurity: Helping utilities protect infrastructure, operations and data in an evolving technology and threat landscape.
FEATURED
Innovation services
Discover how EY's innovation team can help utility companies embrance the innovation they need to seize the opportunities presented by the new energy world.
Explore our Offerings
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EY Digital Grid helps power companies digitize their grids for a resilient, flexible, data-driven and sustainable energy system. Find out how.
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Discover how EY's NextWave platform can help transform how your company manages, integrates & leverages data from IoT devices to improve performance.
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Discover how EY's customer experience transformation team can help energy providers empower their workforce, engage customers & drive long term value. Learn more.
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Discover how EY's innovation team can help utility companies embrance the innovation they need to seize the opportunities presented by the new energy world.
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EY-Parthenon energy strategy consulting teams help C-suites drive future value-creation. Learn more.
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Discover how EY's global renewables team can help your business transition to the world of renewable energy.
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Our EY SAP team can help your business unlock more value, reduce disruption and give energy companies the power to transform for the future. Learn more.
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EY-Parthenon: Transformative strategy and transactions – solutions that work in practice, not just on paper.
EY Partner Ecosystem
EY harnesses a connected ecosystem of strategic alliances and partnerships to co-create value and deliver comprehensive technology solutions and business outcomes for our clients.
Our latest thinking
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Three ways to move energy consumers from interest to action
Consumers are more interested than ever in clean energy options but 70% say they won’t spend more of their time or money to take action. Read more.
Why wavering consumer confidence could stall the energy transition
The Energy Consumer Confidence Index reveals that the impact of the energy transition is hitting home. Discover more.
The team
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