Tantalus Releases its Third Annual Utility of the Future Survey
Tantalus Systems has released its third annual Utility of the Future Survey, revealing key insights from 103 North American utilities. The survey, conducted between January and April 2025, shows that 74% of utilities prioritize grid modernization, yet only 1 in 11 feel prepared for future challenges.
Key findings highlight that grid data management and cybersecurity remain top challenges, with only 3% of utilities feeling completely prepared for data management and 5% for cybersecurity. The survey also identifies extreme weather events, staffing challenges, and grid reliability as major concerns.
Economic volatility emerged as a significant issue, with 37% of utilities citing it as a top or extreme concern, though only 3% feel fully prepared to address it. The survey noted decreased urgency in innovation needs and regulatory pressures compared to 2024. Tantalus aims to support utilities in bridging the grid modernization readiness gap through data-driven solutions.
Tantalus Systems ha pubblicato il suo terzo sondaggio annuale "Utility of the Future", rivelando informazioni chiave da 103 utility nordamericane. Il sondaggio, condotto tra gennaio e aprile 2025, mostra che il 74% delle utility dà priorità alla modernizzazione della rete, ma solo 1 su 11 si sente preparata per le sfide future.
I risultati principali evidenziano che la gestione dei dati della rete e la cybersecurity rimangono le principali sfide, con solo il 3% delle utility che si sente completamente pronta nella gestione dei dati e il 5% in cybersecurity. Il sondaggio identifica inoltre eventi meteorologici estremi, problemi di personale e affidabilità della rete come preoccupazioni importanti.
La volatilità economica emerge come un problema significativo, con il 37% delle utility che la considera una preoccupazione elevata o estrema, sebbene solo il 3% si senta completamente preparato ad affrontarla. Il sondaggio ha rilevato una diminuzione dell'urgenza nelle esigenze di innovazione e nelle pressioni regolatorie rispetto al 2024. Tantalus mira a supportare le utility nel colmare il divario di preparazione alla modernizzazione della rete attraverso soluzioni basate sui dati.
Tantalus Systems ha publicado su tercera encuesta anual "Utility of the Future", revelando información clave de 103 servicios públicos de Norteamérica. La encuesta, realizada entre enero y abril de 2025, muestra que el 74% de las utilities priorizan la modernización de la red, pero solo 1 de cada 11 se siente preparada para los desafíos futuros.
Los hallazgos principales destacan que la gestión de datos de la red y la ciberseguridad siguen siendo los mayores retos, con solo un 3% de las utilities completamente preparadas en gestión de datos y un 5% en ciberseguridad. La encuesta también identifica eventos climáticos extremos, problemas de personal y la confiabilidad de la red como preocupaciones importantes.
La volatilidad económica surgió como un problema significativo, con un 37% de las utilities que la consideran una preocupación alta o extrema, aunque solo un 3% se siente completamente preparado para afrontarla. La encuesta señaló una disminución en la urgencia de necesidades de innovación y presiones regulatorias en comparación con 2024. Tantalus busca apoyar a las utilities a cerrar la brecha de preparación para la modernización de la red mediante soluciones basadas en datos.
Tantalus Systems는 103개의 북미 전력회사를 대상으로 한 세 번째 연례 "미래 유틸리티 조사" 결과를 발표했습니다. 2025년 1월부터 4월까지 진행된 이번 조사에서 74%의 유틸리티가 그리드 현대화를 우선시하지만, 단 11명 중 1명만이 미래 도전에 대비했다고 응답했습니다.
주요 결과는 그리드 데이터 관리와 사이버 보안이 여전히 주요 과제로 남아 있으며, 데이터 관리에 완전히 준비된 유틸리티는 3%, 사이버 보안에 완전히 준비된 곳은 5%에 불과하다는 점을 강조합니다. 또한 극심한 기상 이변, 인력 문제, 그리드 신뢰성이 주요 우려 사항으로 나타났습니다.
경제적 변동성도 중요한 문제로 부상했으며, 37%의 유틸리티가 이를 최우선 또는 극심한 우려로 꼽았지만, 완전 대비된 곳은 3%에 불과했습니다. 2024년에 비해 혁신 필요성과 규제 압박의 긴급성은 감소한 것으로 조사되었습니다. Tantalus는 데이터 기반 솔루션을 통해 그리드 현대화 준비 격차를 해소하는 데 유틸리티를 지원하는 것을 목표로 합니다.
Tantalus Systems a publié sa troisième enquête annuelle "Utility of the Future", révélant des informations clés provenant de 103 services publics nord-américains. L'enquête, menée entre janvier et avril 2025, montre que 74% des services publics accordent la priorité à la modernisation du réseau, mais seulement 1 sur 11 se sent prêt à relever les défis futurs.
Les résultats clés soulignent que la gestion des données du réseau et la cybersécurité restent des défis majeurs, avec seulement 3% des services publics se sentant complètement prêts en gestion des données et 5% en cybersécurité. L'enquête identifie également les événements météorologiques extrêmes, les problèmes de personnel et la fiabilité du réseau comme des préoccupations importantes.
La volatilité économique est apparue comme un enjeu significatif, 37% des services publics la citant comme une préoccupation majeure ou extrême, bien que seulement 3% se sentent pleinement préparés à y faire face. L'enquête a noté une diminution de l'urgence des besoins d'innovation et des pressions réglementaires par rapport à 2024. Tantalus vise à aider les services publics à combler le fossé de préparation à la modernisation du réseau grâce à des solutions basées sur les données.
Tantalus Systems hat seine dritte jährliche "Utility of the Future"-Umfrage veröffentlicht, die wichtige Erkenntnisse von 103 nordamerikanischen Versorgungsunternehmen offenlegt. Die Umfrage, die zwischen Januar und April 2025 durchgeführt wurde, zeigt, dass 74% der Versorgungsunternehmen die Netzmodernisierung priorisieren, aber nur 1 von 11 sich für zukünftige Herausforderungen gewappnet fühlt.
Die wichtigsten Ergebnisse heben hervor, dass Netzdatenmanagement und Cybersicherheit weiterhin große Herausforderungen darstellen, wobei nur 3% der Versorgungsunternehmen sich im Datenmanagement und 5% in der Cybersicherheit vollständig vorbereitet fühlen. Die Umfrage identifiziert außerdem extreme Wetterereignisse, Personalprobleme und Netzzuverlässigkeit als Hauptanliegen.
Wirtschaftliche Volatilität stellte sich als bedeutendes Thema heraus, wobei 37% der Versorgungsunternehmen dies als großes oder extremes Problem nennen, obwohl nur 3% sich vollständig darauf vorbereitet fühlen. Die Umfrage verzeichnete im Vergleich zu 2024 eine geringere Dringlichkeit bei Innovationsbedarf und regulatorischem Druck. Tantalus möchte Versorgungsunternehmen dabei unterstützen, die Lücke bei der Bereitschaft zur Netzmodernisierung durch datengetriebene Lösungen zu schließen.
- 74% of utilities identify grid modernization as a priority, indicating strong market demand for Tantalus' solutions
- Company is well-positioned in key growth areas: grid data management and cybersecurity solutions
- Rising extreme weather events create increased demand for grid reliability solutions
- Only 9% of utilities feel prepared for future challenges, suggesting longer sales cycles
- Only 3% of utilities feel prepared for economic volatility, potentially affecting purchasing decisions
- Low preparedness levels (3% for grid data management, 5% for cybersecurity) may slow adoption rates
Utilities prioritize grid modernization while tackling challenges associated with grid data management and cybersecurity
Burnaby, British Columbia--(Newsfile Corp. - April 29, 2025) - Tantalus Systems (TSX: GRID) (OTCQX: TGMPF) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, announced the findings of its third annual Utility of the Future Survey at the Tantalus Users Conference today in Indianapolis, Indiana. Fielded between January 2025 and April 2025, the survey includes responses from 103 utilities across North America and reflects their concerns, priorities, and levels of preparedness in confronting the challenges of grid modernization.
Similar to last year, nearly three out of four utilities (
The survey also revealed that grid data management and cybersecurity remain the top two challenges confronting utilities. Despite those concerns, only
"Utilities are embracing the need for grid modernization and understand the level of transformation required-particularly around grid data management, cybersecurity and the importance of prioritizing capital expenditures to upgrade and protect critical infrastructure, such as distribution transformers," said Peter Londa, Tantalus President & CEO. "As we move forward, Tantalus remains committed to helping utilities bridge the grid modernization readiness gap. Our purpose-built solutions help utilities harness the power of data, leverage as much of their existing infrastructure as possible, and achieve the most cost-effective path to developing even more reliable and resilient distribution grids."
Additional findings include:
- Extreme weather events continue to rise as a top concern for the third year in a row. It is now among other top concerns, including hiring and retaining staff, demonstrating a need to rely on trusted partners to supplement resources in order to improve their preparedness.
- Meeting customer expectations related to grid reliability and resilience also witnessed a material increase in concern compared to prior years.
- While
37% of utilities cited economic volatility as either a top concern or an extreme concern, only3% said they feel completely prepared to deal with that economic volatility. (Note: The vast majority of responses were gathered prior to the recent enactment of global tariffs in the U.S. which are leading to higher prices.) - Meanwhile, the need for continued innovation and regulatory pressures each declined slightly in level of urgency from 2024 to 2025.
To learn more about how Tantalus helps utilities modernize the grid by harnessing the power of data, visit our website at www.tantalus.com or contact us at tantalusinfo@tantalus.com. To see this year's survey results, click here.
About Tantalus Systems Holding Inc. (TSX: GRID) (OTCQX: TGMPF)
Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at http://www.tantalus.com/.
Forward Looking Statement:
This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, utilities' need for grid modernization and the level of transformation required, the ability of Tantalus's solutions to harness the power of data, leverage existing infrastructure and achieve the most cost-effective path to developing even more reliable and resilient distribution grids, and other statements that contain words such as "believe," "expect," "project," "should," "seek," "anticipate," "will," "intend," "positioned," "risk," "plan," "may," "estimate" or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this news release is expressly qualified in its entirety by this cautionary statement.
Contact Tantalus:
Neil Torres
PR Manager
415-948-6345 | neil@robroyconsulting.com
Jacquie Hudson
Marketing Communications Manager
613-552-4244 | jhudson@tantalus.com
Website: www.tantalus.com
LinkedIn: LinkedIn/company/tantalus
Twitter: @TantalusCorp
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250014
FAQ
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