The U.S. utility industry, a cornerstone of modern infrastructure, is undergoing a significant transformation. Recent trends, primarily the shift toward renewable energy, are reflected in the sector’s changing statistics. 

Strategic asset management in the utility sector is essential for maintaining the balance between operational efficiency and meeting customer needs. Let’s dig into the most important trends, challenges, and opportunities shaping asset management in the utility sector.

1. Increased focus on sustainability and green energy

The utility industry is increasingly embracing renewable energy—a strategic move to align with global sustainability objectives. Solar, wind, and hydro energies are at the fore, reflecting the government’s and the sector’s proactive stance on contributing to a cleaner future.

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