PwC's accounting podcast Sustainability now: Powering through the energy transition
May 29, 2025
Casey Herman, a PwC Sustainability partner with over 35 years of experience in energy consulting, dives into the pressing issues surrounding the energy transition. He discusses the rising demand for electricity and the vulnerabilities of the aging grid. The conversation highlights innovative technologies such as AI, small nuclear reactors, and hydrogen, as well as the critical role of cybersecurity in energy infrastructure. Herman emphasizes the need for diverse energy solutions and the importance of supportive policies to navigate the evolving landscape.
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Rising Electricity Demand Challenges Grid
- Electricity demand is rising due to AI, electrification of mobility, and reshoring industry.
- Peak electricity demand grows twice as fast as total demand, challenging grid capacity.
Aging Infrastructure Under Climate Stress
- The U.S. electric grid infrastructure is aging, with many assets 30-40 years old.
- Climate change adds stress, making upgrades and investments essential to maintain reliability.
Scale Builds Cost Efficiency
- Accelerate building multiple units of new energy technology to reduce costs.
- Governments or corporations should de-risk initial projects to encourage investment.