Bucket trucks – in a changing electric utility market, bucket trucks create real value.

Changing Electric Utility Market
Bucket Trucks are essential equipment for managing overhead electric power lines
Bucket trucks deliver value to companies that are responsible for maintaining the flow of electric power. These companies are also responsible for upgrading and improving the grid. Investor-owned utilities, or IOUs, have a serious responsibility to electric power consumers, whose appetite for electric power is growing. This includes providing:

 

  • Reliable electric power service, day and night, including at peak times.
  • An inexpensive source of electric power
  • Uninterrupted flow of electric power to homes and businesses.

 

The electric utility industry is changing rapidly.
Electric utility companies must contend with a convoluted regulatory environment. Currently, there are several sets of regulations. Some rules are imposed by the industry itself, and other regulations are state and federal statutes and laws.

 

  • Clean energy initiatives, including wind, are proving to be very cost effective. They are a rapidly growing market segment
  • Bucket trucks will be needed to maintain existing electric utility infrastructure, and to expand and update the grid.
  • Energy storage is becoming viable, which has the potential to change the way electricity is produced and consumed.

 

At Versalift, we manufacture the safest and highest quality aerial lifts in the industry for the purpose of building, managing and improving the electric power grid. Our equipment positions our customers to continue to address the rapidly changing competitive environment.
– Curt Howell, CEO, Versalift

 

Bucket Trucks are standard fleet vehicles for Investor Owned Utilities, but new markets for them are growing
Bucket trucks make it possible for Investor Owned Utilities to repair and maintain networks of overhead cable. Advances in engineering have led to bucket trucks being able to safely put linemen more than 200 feet in the air. This means that bucket trucks can new service the turbines that harness the wind to create energy.

 

  • Bucket trucks that are purposed for electric utilities stay busy with maintenance and emergency response tasks.
  • The lowest cost of generation comes from renewable sources, and specifically wind, which is the cheapest source of electrical power in more than half of the United States.
  • Increased demand for reliable energy puts the onus on Investor Owned Utilities to keep their bucket trucks on the road, and keep the lights on.

 

Electric Power is priced low, partly because natural gas and renewables are keeping them that way.
Organizations and companies that provide power to businesses and families aren’t so concerned about which sources of power provide the electricity their lines are carrying. In a best-case scenario, they’re using their specialized equipment – bucket trucks, cable placers and digger derricks, to not only maintain the network, but to improve its capacity and performance, allowing more people to use the energy they need to live and thrive.

 

  • No matter the source of energy, electric utility companies are being challenged to improve capacity and efficiency, while lowering prices.
  • Bucket trucks and other specialized equipment for the electric power industry will continue to be indispensable to the effort of improving the grid.
  • Being forced to compete on price is making IOUs rethink their approach to their market, and they are turning to work directly with consumers in more direct ways.

 

Bucket Trucks
Bucket trucks have traditionally played a crucial role in the operation of Investor Owned Utility Companies. As primary power line service equipment, bucket trucks are on the road constantly. Bucket trucks are the most efficient way to safely convey linemen to the heights where they must work to manage, maintain and improve the electric power distribution network.