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Top Considerations for Leaders When Electrifying Utility Fleets

May 24, 2021

Introduction

With the transportation sector accounting for the largest portion of greenhouse gas (GHG) emissions in the United States,[1] meeting state, local, and corporate GHG emissions targets will require businesses operating fleets to proactively adopt electric vehicles (EV). With this in mind, companies are beginning to pursue electrification, including halting procurement of internal combustion engine (ICE) vehicles and planning for the considerable charging infrastructure, business model impacts, and personnel changes required to operate an electric fleet.


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Four Steps to Building a Successful Electric Vehicle Make-Ready Program

May 13, 2021

As decarbonization efforts have proliferated, electric vehicles (EVs) are widely seen as essential to meeting state and local clean energy goals. However, in order to meet the charging needs of EVs, significant charging infrastructure will need to be developed. As states and regulators consider how to foster EV adoption, make-ready programs have emerged as an increasingly popular option. As of March 2021, 15 utilities across the United States have announced make-ready programs with a collective budget of more than $1 billion.


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Decoding Sustainability Reporting Frameworks

April 13, 2021

How to determine which framework to use for effective ESG reporting

The prevalence of corporate reporting on environmental, social, and governance (ESG) topics has grown substantially over the past nine years. In 2019, 90% of companies in the S&P 500 published some form of sustainability report, up from a mere 20% in 2011.[1] This increase in reporting has largely been driven by expanded focus from the financial community (e.g., equity investors, debt holders/creditors, insurance companies, etc.) on ESG performance data to better understand the risks and opportunities of specific companies/industries that could impact financial performance. Other stakeholders, such as employees, vendors, and government entities, are also seeking ESG data to evaluate company performance on the topics they view of greatest importance (e.g., diversity of workforce, impact of operations on the local community, etc.).


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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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Reimagining the Finance Service Delivery Model

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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