Article

The Case for Hydrogen and Nuclear Cogeneration

February 11, 2021

For more than a decade, nuclear operators have faced an uphill battle to compete with low natural gas prices and increasing renewable generation. Plants have been focused on reducing operating expenses to manage costs and compete in bid-based and regulated markets. As we shared in the article, “While You Were Sleeping: The Unnoticed Loss of Carbon-Free Generation in the United States,” the early retirement of at-risk nuclear plants may give back gains in carbon-free generation from new wind and solar. There is increasing urgency for nuclear plants to increase profitability and avoid premature decommissioning.


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Biden Administration: Policy Outlook for the Energy Industry

January 22, 2021

Key Observations

President Joe Biden is expected to pursue an “all-of-government” approach to climate change. The incoming administration is expected to move as swiftly as possible on an agenda that modifies or reverses the policies of the Trump administration. Many of these changes were signaled in the Biden campaign’s Biden-Sanders Unity Task Force Recommendations, released last August, and other initiatives announced during the campaign.


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Transmission Implications for Clean Energy Goals

January 20, 2021

Introduction

As clean energy standards and net-zero commitments accelerate across the United States, utilities and other stakeholders are focusing on the transmission challenges associated with achieving these aggressive goals. Indeed, a robust long-haul high-voltage transmission backbone is the linchpin in our energy transition. Integrating large amounts of renewables (on the order of $11 trillion by 2050 per the latest analysis from BNEF) will require significant additional investments in transmission. But identifying the right transmission investments in the right locations, at the right scale, can deliver benefits far exceeding the cost of such investments.


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How to Boost Business Continuity During Disruption

January 8, 2021

Five Considerations for Healthcare HR Leaders

The COVID-19 pandemic has forced healthcare human resources (HR) teams to flex policies, processes, programs, and resources to adapt to operational changes. For example, healthcare HR organizations have experienced increases in call volumes related to furlough, benefit, and leave questions; increased data changes to process organizational shifts; and communications to accommodate new workplace rules. Healthcare HR organizations with strong operating models adapted better and quicker to manage these shifts and mitigate associated risks. Foundational operating model elements that enabled these HR organizations to excel during this time of disruption include an optimized service delivery model, standardized policies, processes, and programs, metrics, workforce planning, and workforce management.


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Mining Bitcoin with Nuclear Power

October 15, 2020

Uses for Surplus Power and Diversifying Revenue

Cryptocurrency mining is profitable when the cost of the primary production resource needed to mine it is low. Electricity accounts for upwards of 80% of total O&M spending in a typical-mining operation. For this reason, bitcoin miners circle the globe searching for $0.06/kWh. How much more appealing would the cryptocurrency mining business be if the power was acquired at cost?


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Shared Services in a Virtual World – What’s Working and What Are the Challenges?

September 30, 2020

ScottMadden polled attendees at the Shared Services and Outsourcing Network’s (SSON) SSOW Live Conference 2020 on the topic of virtual work. We have heard many success stories from our clients and other practitioners about how their shared services organizations (SSOs) were able to quickly transition to a virtual model when the global pandemic hit. In many cases, the nimbleness and efficiency of the organizations have allowed them to play crucial roles in supporting their business during these challenging times. Conversely, some who were not well prepared have struggled. The data from our poll highlight these successes and challenges and show how the pandemic will likely have a lasting effect on shared services models.


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15 States Sign Joint Commitment to Accelerate the Deployment of Medium- and Heavy-Duty Vehicles

August 19, 2020

Light-duty consumer vehicles often own the spotlight in the world of electric vehicles. Now, 15 states have put their focus on accelerating the market for electric medium- and heavy-duty vehicles by signing a memorandum of understanding. See how utilities can prepare as the MOU signees develop an action plan within the next six months.


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Will the COVID-19 Pandemic Upend Finance Service Delivery Models?

July 29, 2020

Q&A with Brad DeMent and Trey Robinson

In this follow-up to our workshop presented at the Shared Services and Outsourcing Network’s digital Shared Services for Finance and Accounting conference, experts Brad DeMent and Trey Robinson go deeper with insights, tips, and recommendations on how to lean into the finance delivery model during COVID-19 and beyond.


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Transitioning Your Business from a Post-Pandemic Recovery to a Booming Economy

July 27, 2020

Until the COVID-19 pandemic, Brazil’s economy had been steadily gaining momentum since the downturn experienced in 2015 and 2016. While Gross Domestic Product growth can no longer be expected to materialize in 2020, this growth is delayed—not cancelled. Economists currently forecast growth rates as high as 3.6% in 2021. Will your business be prepared for this return to growth?


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Integrating ESG Issues into Corporate Strategy

June 29, 2020

Introduction

While investors have pushed for companies to address environmental, social, and governance (ESG) issues for some time now, COVID-19 and recent protests against racial injustice have forced some businesses to reevaluate their strategies and commitments to these topics. Businesses that are better prepared to handle these challenges are often those which evaluate ESG issues as part of their corporate strategy—not standalone initiatives.


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The Nexus of COVID-19 Recovery and ESG Performance

June 25, 2020

Businesses of all sizes are shifting near- and long-term plans as they determine how to best weather and recover from the impacts of COVID-19. As a result of rapidly shifting priorities, corporate environmental, social, and governance (ESG) activities are also receiving additional scrutiny. Reading headlines about ESG in the COVID-19 era tends to prompt whiplash. Is corporate responsibility more important than ever before,[1] or are companies unilaterally abandoning sustainable practices in these difficult times?[2] The reality is more nuanced. While many companies will focus on mitigating the economic impacts of the pandemic, an effective recovery approach will also take a long-term view and address the following areas essential to ESG strategy.


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Managing Your Shared Services Operations during a Pandemic

June 24, 2020

How HR Shared Services Can Help You Handle the Next Crisis

The Impact of a Pandemic

While the experts are learning more and more each day, no one can say with certainty when the COVID-19 pandemic will end. What is likely, however, is there will be lasting impact on the way businesses operate. What is an absolute certainty is that even with COVID-19 in the rear-view mirror, your service center should be an integral part of how your company efficiently and effectively supports your business during a crisis, be it pandemic, natural disaster, or normal business headwinds.

It would have been extremely helpful if we had a service center in place during this pandemic.


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Welcome to ScottMadden!

Sussex Economic Advisors is now part of ScottMadden. We invite you to learn more about our expanded firm. Please use the Contact Us form to request additional information.