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A Practical Guide to Asset Recovery and Circular Economy for Electric Utilities
While many electric utilities have ambitious power generation decarbonization goals, few consider resource circularity in climate targets, financial models, supply chain, and inventory management. Traditionally the electric utility sector has utilized the standard “take-use-make” approach of the linear economy in its supply chain and inventory planning processes, putting pressure on scarce raw materials. The circular economy model, which emphasizes a “make-use-reuse-refurbish-recycle” approach, has emerged as an alternative to better manage resource scarcity and support sustainable economic development.

A circular approach is increasingly valuable to mitigate supply chain disruptions and shortages for assets such as transformers, meters, and more. Preventative maintenance and refurbishment can also reduce emissions generated from electrical asset fabrication, supply chain, and disposal. Further, a utility or vendor that can refurbish and remake assets will have greater “storm stock” available, and hence have increased readiness to respond to natural disasters with benefits to reliability metrics and resilience goals.

The Advancing Modern Power through Utility Partnerships (AmpUp) Program will hold a panel discussion to introduce a practical framework for asset circularity for an electric utility, discuss transformer shortages and mitigation strategies for grid-connected customers, and highlight circularity for solar home systems and mini-grid assets for off-grid customers.

The AmpUp program is centered around peer-to-peer relationships and strong practitioner and stakeholder networks to support net-zero goals through a consortium of five organizations. AmpUp leverages its consortium resources as well as energy sector experts from around the world to share global performance improvement methods and practices, providing utilities with a menu of capacity building, technical assistance, and network strengthening options to support the global energy transition.

Dec 5, 2022 09:00 AM in Eastern Time (US and Canada)

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