Entergy Awards $2M Grant to Jackson State University for Power Grid Security Lab

Rhea-AI Summary

Jackson State University (JSU) has received a $2 million grant from the Entergy Charitable Foundation to create the Critical Power Grid Network Security Lab. This initiative aims to train a highly skilled cybersecurity workforce for the energy sector. The lab will provide students with real-world experience in safeguarding critical power grid infrastructure.

The project addresses the growing cybersecurity workforce gap, with a reported shortage of 3.4 million cybersecurity professionals worldwide in 2022. JSU is evolving its cybersecurity education curriculum to bridge this gap. The grant will be distributed over multiple installments, focusing exclusively on developing the lab for cybersecurity in the nuclear, energy, and natural gas sectors.

This partnership between JSU and Entergy is expected to have a lasting impact on students' lives and the future of the energy sector, contributing to workforce development and national infrastructure protection.

Positive

• Received $2 million grant for cybersecurity lab development
• Addresses critical cybersecurity workforce shortage in energy sector
• Provides students with real-world experience in power grid security
• Enhances JSU's cybersecurity education curriculum
• Strengthens partnership between JSU and Entergy

Negative

• None.

Insights

Cybersecurity Expert

The $2 million grant from Entergy to Jackson State University for a Power Grid Security Lab is a significant development in addressing the critical shortage of cybersecurity professionals. With a global deficit of 3.4 million cybersecurity experts and 700,000 job openings in the U.S. alone, this initiative is timely and crucial.

The lab will provide students with hands-on experience in safeguarding power grid infrastructure, which is essential given the projected increase in global cybercrime costs to $10.5 trillion annually by 2025. This practical training will help bridge the gap between academic learning and real-world challenges in the energy sector.

For investors, this partnership signals Entergy's proactive approach to cybersecurity, potentially enhancing its long-term resilience against cyber threats. It also positions the company as a leader in workforce development, which could improve its reputation and stakeholder relations.

Energy Sector Analyst

Entergy's investment in cybersecurity education demonstrates a forward-thinking strategy to address critical infrastructure protection. The power grid is increasingly vulnerable to cyber attacks and this initiative will help create a pipeline of skilled professionals to safeguard essential energy services.

From an investor perspective, this $2 million grant represents a relatively small but strategic investment that could yield significant returns in terms of operational security and risk mitigation. It also aligns with ESG (Environmental, Social and Governance) criteria, potentially enhancing Entergy's attractiveness to socially conscious investors.

The partnership with Jackson State University may also give Entergy a competitive edge in recruiting top talent, which is important in an industry facing technological disruption and increasing cybersecurity challenges. This proactive approach to workforce development could translate into long-term operational efficiency and reduced security risks for the company.

JACKSON, MS / ACCESSWIRE / October 8, 2024 / Jackson State University is the recipient of a $2 million grant from the Entergy Charitable Foundation to help fund the creation of the Critical Power Grid Network Security Lab. During a press conference at the University on Monday, Oct. 7, Entergy officials presented JSU President Marcus Thompson, Ph.D., with a big check to celebrate the occasion.

This advanced initiative between Jackson State and Entergy will create an innovation hub to help train a highly skilled cybersecurity workforce to meet the growing needs of nuclear, electric and natural gas companies, and electrical cooperatives.

"I am honored to receive this generous grant on behalf of Jackson State University. This gift will have a lasting impact on the lives of our students and the future of the energy sector," said Thompson. "Looking ahead, this lab will not only benefit Jackson State University and our students, but it will also play a critical role in shaping the broader energy landscape."

Local, community, and political leaders were present during the event, including Congressman Bennie Thompson, whom the president thanked for supporting Jackson State, describing it as instrumental.

The Power Grid Security Lab Project will be a cornerstone of JSU's commitment to workforce development, energy infrastructure, and cybersecurity. The lab will provide students with real-world experience safeguarding critical power grid infrastructure. As cyber threats become more sophisticated and aggressive, the importance of a robust defense system in the energy sector cannot be over-emphasized.

"Whether using computers to earn a college degree or checking out at the grocery store, electricity isn't a luxury for most people, it's a necessity. And so is thwarting cyber threats in the energy sector," said Haley Fisackerly, Entergy Mississippi president and CEO. "The robust growth in our company and the state is providing extraordinary opportunities to help build a diverse and skilled workforce in the cybersecurity field. Through this partnership, we're investing in local talent and competing to keep them here. For more than 100 years we've served communities alongside Jackson State University, and we're proud to continue powering the bright minds they produce."

The lab aims to equip students with valuable technical skills and contribute significantly to society by fostering a workforce prepared to protect vital national infrastructure.

The cybersecurity workforce gap has also become a pressing issue, as the demand for skilled professionals far exceeds the available supply. (ISC)², a global cybersecurity certification body, reported a shortage of approximately 3.4 million cybersecurity professionals worldwide in 2022, with over 700,000 job openings in the U.S. alone. This shortfall poses a significant challenge to national security and the economy as organizations struggle to defend against increasingly sophisticated cyberattacks.

In response, Jackson State University is evolving its cybersecurity education curriculum and resources to bridge this gap.

"The establishment of the Critical Power Grid Network Security Lab at Jackson State University is truly a game-changer for our students," said Dr. Wilbur Walters, Dean of the College of Science, Engineering, and Technology. "Having access to a facility such as this means our students won't just be learning about cybersecurity-they'll be directly engaging with the same challenges that professionals are facing in the energy sector today. This hands-on experience makes their education more relevant and impactful. It's about evolving our curriculum to not only keep pace with the fast-changing tech world but also to ensure our students graduate ready to make a tangible difference."

The cybersecurity industry has experienced significant growth and transformation over the past decade, primarily driven by the increasing prevalence of digital technology and the corresponding rise in cyber threats. According to a report by Cybersecurity Ventures, global cybercrime costs are expected to reach $10.5 trillion annually by 2025, up from $3 trillion in 2015, highlighting the escalating severity and frequency of cyberattacks. This rapid increase has underscored the critical need for a robust cybersecurity infrastructure, leading to substantial investments by the United States private and public sectors.

"At Entergy, we believe that one of our many strengths in serving our customers is the diversity of our workforce. Our partnership with Jackson State University is a testament to our commitment to creating opportunities for students and shaping the leaders of tomorrow," said Drew Marsh, Entergy Corporation chair and CEO. "By investing in education and fostering inclusion, we are not just building a diverse workforce, we are investing in the heart of our communities where we live, work and serve."

Jackson State will receive the Entergy Charitable Foundation's grant over multiple installments. The funds are exclusively for developing the Critical Power Grid Network Security Lab, focusing on cybersecurity in the nuclear, energy, and natural gas sectors.

About Jackson State University: Challenging Minds, Changing Lives

Jackson State University, founded in 1877, is a historically black, high-research activity university located in Jackson, the capital city of Mississippi. Jackson State's nurturing academic environment challenges individuals to change lives through teaching, research and service. Officially designated as Mississippi's Urban University, Jackson State continues to enhance the state, nation and world through comprehensive economic development, healthcare, technological and educational initiatives. The only public university in the Jackson metropolitan area, Jackson State is located near downtown, with four satellite locations. For more information, visit www.jsums.edu or call 601-979-2121.

About Entergy

Entergy is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at entergy.com and connect with @Entergy on social media. #WePowerLife

L-R: Entergy's Drew Marsh and Haley Fisackerly, Rep. Bennie Thompson, JSU President Marcus Thompson and Entergy's Marcus Brown

View additional multimedia and more ESG storytelling from Entergy Corporation on 3blmedia.com.

Contact Info:
Spokesperson: Entergy Corporation
Website: https://www.3blmedia.com/profiles/entergy-corporation
Email: info@3blmedia.com

SOURCE: Entergy Corporation

View the original press release on accesswire.com

FAQ

What is the purpose of the $2 million grant from Entergy to Jackson State University?

The grant is to fund the creation of the Critical Power Grid Network Security Lab, which will train a highly skilled cybersecurity workforce for the energy sector.

How will the Critical Power Grid Network Security Lab benefit students at Jackson State University?

The lab will provide students with real-world experience in safeguarding critical power grid infrastructure and equip them with valuable technical skills in cybersecurity.

What is the current global cybersecurity workforce shortage?

According to (ISC)², there was a shortage of approximately 3.4 million cybersecurity professionals worldwide in 2022, with over 700,000 job openings in the U.S. alone.

How much are global cybercrime costs expected to reach by 2025?

According to a report by Cybersecurity Ventures, global cybercrime costs are expected to reach $10.5 trillion annually by 2025, up from $3 trillion in 2015.