Similarly, to increase the operational efficiency and ensure effective network planning, distribution companies are also undertaking several digitisation and grid modernization initiatives. The Association of Southeast Asian Nations (ASEAN) faces its own specific set of energy challenges and digitalization can play a critical role in addressing these challenges and achieving ASEAN’s energy goals. Active Efficiency seeks to optimizes energy use with the opportunities presented by digital technologies. There are three reasons for this. * Corresponding author. Speakers will offer valuable insight about how companies can unlock significant savings and increase efficiency by utilizing the latest cutting-edge technologies to optimize equipment. 1 Energy Policy Research Group, University of Cambridge, United Kingdom. The digitalization of the power infrastructure is not a new idea. The digital revolution is coming to the power industry. The session will focus on workforce needs and … Digitalisation of the Energy sector Digitalising the energy sector is crucial for the EU since it enables energy consumers to be at the centre and contributes to a new design for the energy markets. With decentralization, de-carbonisation and deregulation, the entire business model of utilities is evolving rapidly and state-of-art technologies are making those changes possible that were beyond the imagination a few years back. The energy sector is used to thinking in terms of decades and the energy world is a slow-moving entity. All Rights Reserved. Embracing Digital Twins in the Energy Sector. The prospects for a smart power system have been widely discussed in the global electricity sector. And digitalization, which involves the convergence and adoption of machine learning, big data, cloud technology, blockchain, artificial intelligence, and other new technologies, is quickly becoming a mainstream movement. In the power sector, the analysis indicates that digitalisation has the potential to save around $80 billion per year, or about 5% of total annual power generation costs. Digitalization of the energy sector is the only way to help fighting against climate change and develop a sustainable development. First, energy and security have been at the core of the EU’s legal and policy measures from the beginning of European integration. These are symptoms of a bigger problem Covid-19 presents to the nuclear sector, said energy and nuclear policy independent analyst Mycle Schneider. The series reached over 4,200 participants from 70 utilities in 68 different countries. Digitalization Dynamics. Leaders who have already started implementing such updates must stay ahead of the digital transformation and position themselves for success by keeping abreast of upcoming advancements and learning how to harness the power of new technology. Digitisation of the energy system . Thomas uses cookies to ensure that we give you the best experience on our website. If the last decade was about developing hardware capable of generating cheap, plentiful renewable energy, the next one will be about making energy generation systems smarter. “Even if we manage to design highly secure distribution grids, a network of car charging stations could turn into a new vulnerability. The digital revolution—referred to as Energy 4.0—involves these advances to build smart grids, manage renewable energy and distributed generation. The integration of transport into the power sector also poses new security challenges, he says. Following the success of the webinar series, USEA and USAID will host industry panels with leading cybersecurity experts. The energy sector reaches an index of 47 (in 2018), which is midfield compared with other sectors. To determine what it means for the energy sector specifically, DNV GL surveyed nearly 2000 professionals from across the global energy value chain. identification of digital opportunities in the energy sector of six Central American countries: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. Therefore, the … Artificial intelligence (AI) will soon assist in the spread of technology through power generation facilities, “making physical processes more predictable and, in some cases, automated,” Martin noted. Stay up to date on industry news and trends, product announcements and the latest innovations. Copyright© 2020 Thomas Publishing Company. Of the various megatrends inescapably driving the energy transition, one in particular—digitalization—has come onto the scene with impressive potential to cut costs in the power sector. : +91 22 2493 0532 / 6528 / 6529Email: mumbai@ieema.org. Solution to Integrate Variable Renewables” indicates digitalization as a major driver for innovation and solutions of the energy sector challenges. Without changing their business process to get the results that digital solutions offer, companies will have great technology but little else.”. It also provides a few practical sugges-tions to start harnessing the power of this digital transformation. In the meantime, new regulations, a shift towards green energy, decentralized energy and stronger digitalised competitors, such as China, are creating challenges for the European players. Recognized for her ability to deftly bridge the communication gap between engineers, technology experts, marketing departments, and consumers, Shavit’s experience in multiple sides of the industry grants her unique insight into the future of the field. The electricity sector is ripe for realizing value from rapid digital transformation; we estimate that there is $1.3 trillion of value to be captured globally from 2016-2025. POWER-GEN International is offering an opportunity to save $75 off attendee registration, How A Manufacturer's Logo Design Engages Buyers. Digitalization will also play a major role in the renewable energy sector going forward. This panel also provided attendees with a perspective on digital transformation and industry 4.0. Whether it is simply adding a vibration sensor to a piece of rotating machinery or creating a full digital twin of an entire plant, digital twin technologies can reduce costs and streamline maintenance and operations processes. While many of these technologies and terminologies didn’t even exist a decade ago, they are now standard across industry, ever-present in everyday vernacular. The booming power sector and augmented power generation capacities, rising adoption of IoT and cloud platforms, and reduced overall project time and cost are driving the power system simulator market globally. Digital transformation is something that has become a common trend, and it is one that has reached the Power & Utilities sector moving rather quickly. The pace of digitalisation in energy is increasing rapidly. Horizon2020 – key calls: work programme 2018- 2020 . From Mexico to Brazil to Argentina to Peru, electricity providers have been installing smart meters at homes and businesses. The global energy sector is undergoing a dramatic transformation, led by trends in digitalisation and centralisation. “New requirements are being created because of the increased amount of intermittent wind and solar capacity being added to the grid,” Villali said, “which requires traditional fossil fuel generation to have quicker ramp-up and ramp-down times as well as additional spinning reserves. Digitalization in Power Generation is transforming the work behavior in plants. The digitalization of the power sector allows for greater transparency into operations, which greatly increases efficiency and reliability while decreasing costs. POWER-GEN International is offering an opportunity to save $75 off attendee registration. With the entrance of rapidly varying renewable generation, the need for automatic load setting on the thermal plants through intelligent features arises. Digitalizing doesn’t mean that roads, factories, and that the digital power plants of the future will turn into ones and zeroes. Therefore, it is likely that the ICT sector acts as a technology push factor for the digitalization of other sectors, including the energy sector. The energy sector began integrating digital technologies in the 1970s and rightly so, because of its high resource levels, costs of failure and outages. The Digital Solutions & Cybersecurity track, for example, will feature experts discussing the technologies behind this digital revolution and the ongoing efforts to protect the world’s power plants from the growing risk of cyberattacks. Thomasnet Is A Registered Trademark Of Thomas Publishing The growth of a Country depends upon the certain basic pillar of infrastructure and one of such basic infrastructure is availability of quality and reliable…... Power quality is a neglected subject, despite its potential to boost industry and economy. Here, we explore the latest technological development for the utility and energy sector. The same study reveals that the ICT sector is by far the most digitalized in Germany (74 out of 100). The energy sector has been an early adopter of digital technologies. For example, the application of data analytics in power plants and networks alone could save up to $80 billion annually through 2040 according to the International Energy Agency ( IEA ). On the down side, instrumentation & controls were costly in the past. As digitalization continues to spread rapidly across the power sector, industry leaders must learn how to adapt their own technology, internal processes, and business practices to the digital age. Recognized industry leaders will present their thoughts and provide actionable takeaways on digitally transforming a power generation business into a 21st-century trailblazer. The 15-part Cybersecurity and Digitalization webinar series was launched in June 2020 to educate utilities on cyber standards, trends, and best practices. See ico-arrow-default-right. While people are still figuring out whether to call or spell this phenomenon energy digitalisation, digitalization, digitisation or digitization, energy 4.0 or energy digital transformation, it is a disruptor, both on the commercial and the legal side. the energy sector for the benefit of a system that is able to integrate higher shares of RES and promotes energy efficiency . And those leaders who have already started implementing such updates must stay ahead of the digital transformation and position themselves for success by keeping abreast of upcoming advancements … Horizon2020 – key calls: work programme 2018- 2020 . Most importantly, Sturm noted, “Digitalization should not make people feel alienated or excluded from the industry’s digital future.” In other words, digitalization initiatives should maintain a balance between people and technology, rather than one replacing the other. Image Credit: Edi Katona/Shutterstock.com. The way the world generates, distributes and consumes power is being reshaped by rapid growth in distributed renewable energy; decentralised gas and oil production; innovation in efficiency; and progress in software and analytics. This mission-criticality of power is the reason why the digitalization of the power grid is rightly referred to as a revolution – it impacts everyone, from individual families and communities to large companies, nations and even the cross-border economy. Although the Brazil energy sector is unique in having 61% of its energy coming from hydropower, which also makes it easier to match power generation to consumption, other utilities across the globe, will have an even harder time adapting to renewable but non-continuous sources of energy like wind and solar. The panelists will present trends in cyber-attacks to global power sector stakeholders and discuss the latest innovative tools and technologies. In the “Business Strategy: The State of Digital Transformation in North America Power in 2016” research report, John Villali, an analyst at research firm IDC, stated that power producers will increasingly be looking to digital technologies to meet today’s shifting needs. While the “three Ds” of energy—decarbonization, decentralization, and digitalization—are all driving the global energy transition, only digitalization has truly permeated every aspect of the power sector. In addition to delivering unique benefits for consumers, digitalization offers huge opportunities to the power industry as a whole. Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. Technological advancements and innovations driven by rapid electrification of segments like transport, expansion of renewable and digitalization of the grid are transforming the power sector. Market for Digitalization in Energy Sector to Grow to $64BN by 2025 November 7, 2017 Digital technologies for fossil fuel operation and maintenance are big business today, but activity is shifting towards services for distributed renewables and the connected home. We sat down with Bryan Friehauf of Hitachi ABB Power Grids, an Active Efficiency Collaborative Member, to discuss what Active Efficiency technologies and approaches could achieve in the power sector. But despite the progress it remains unknown what digitalisation will do to the energy sector, its businesses, and people’s behaviour, in the long term. Switching off a large number of charging stations simultaneously would bring any grid to its knees. Digitisation and modernization have become the buzzwords for grid upgradation of advance information technology solutions with business operations and planning. Not so long ago, the idea of sitting at home and asking a machine to adjust the heating, battery storage, or solar panels was simply a science fiction fantasy, a far-off dream of a high-tech future. Rishyamook Building, First Floor85 A, Panchkuian RoadNew Delhi - 110001, INDIA, Tel. The digital revolution is coming to the power industry. Discussion went on how digitalization of the energy sector is key for economic growth, digital services impact and how consumers relate to electricity. In the 1970s, power utilities were digital pioneers, using emerging technologies to facilitate grid management and operation. Digitalization of Energy Systems, a report by Bloomberg New Energy Finance (BNEF), predicts significant shifts in the intelligence of digital technologies used in energy from today to 2025, and a big change in the sectors of the energy system that most benefit from these technologies. In Transmission segment, there is continuous advancement of transmission equipments with the application of digitlization and automation and make it suitable for smart grid operation and that is more compact, reliable, environment friendly and requires minimum installation and commissioning time. Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. Privacy Statement and Digital technologies already play an important role in the energy sector. Hence, going ahead, equipment manufacturers need to undertake innovations and more towards smaller but smarter equipments. Susan Petersen Sturm, digital lead of the Power Generation & Water area of ABB’s Industrial Automation department, told Power Engineering International that digitalization is really “all about people, process, and technology.”, “In digitalization,” she explained, “we talk a lot about technology, but not about people and processes. Even though the digitalization of security in the energy sector affects individuals, companies and states globally, this article focuses on the evolution of EU law and policy. COVID-19 Response: Source manufacturers & distributors providing COVID-19 medical supplies Enlist Your Company ico-arrow-default-right. POWER SECTOR DIGITALIZATION SUCCESS STORIES 31 Meeting Power Demand Through Improved End-Use Efficiency 37 Meeting Power Demand Through Improved Thermal Efficiency 41 Meeting Power Demand Through Improved Renewable Grid Integration 47 Closing the Energy Access Gap Through Microgrid Development 50 Maintaining Energy System Resilience with Better Weather Preparation and … Two-way communication between energy producers and consumers, as well as the increasing number of prosumers – those who both produce and consume energy … The digital transformation of energy systems – smart meters, energy management systems, automated demand response or microgrids – could also help people everywhere access a reliable and affordable source of energy. California Do Not Track Notice. 2 Department of Engineering, University of Cambridge, United Kingdom. Digitalization is the use of technologies to change a business model and provide new revenue and value-producing opportunities, according to Gartner’s IT glossary. The application of digital monitoring and control technologies in the power generation and transmission domains has been an important trend for several decades. As a result, there is a need for more sophisticated operation and control to keep pace with the increase in supervisory and operational control in the segment of power generation, transmission, distribution. Consumers will not only see the benefits of digitalization through lower monthly utility bills but also reduced outages and faster response times. Schneider said: “Covid-19 constitutes an unprecedented threat on sensitive strategic infrastructure, above all the power sector. The role of digitalization in transforming the power industry will be a key topic of discussion at the upcoming POWER-GEN International event in Orlando, Florida, from December 4-6. corporates, entrepreneurs and start-ups to provide solutions and create new businesses in this sector. One of the slower runners in the digital transformation race is the energy and utilities industry. The country’s dependency on coal based thermal power stations for meeting its energy needs has resulted the environmental concern and focus its efficient and reliable…... Demand Assessment Report 2018-2027 – Electrical Equipment, Growing Digitalization and Automation in Power Sector, Smart Distribution: Solution for affordable, reliable and quality power, Mr. Harish Agarwal, President IEEMA addressing audience at Workshop on Role of GeM in Power Sector, New Delhi, Quality Power Solutions for improving generation, transmission and distribution, Electric vehicles charging Infrastructure- an area of concern, Need of Smart and intelligent features in Thermal Power Stations, Role of Reactive Power in Power System (Reactive power is both the problem and solution to the power system), Allahabad high court order a set back for the future of Indian power sector, Kerala emerges as energy efficient state, Rajasthan stands second, High Quality Solar Cables for Long Term Performance. It is the interaction between the technology and the people that creates the solution. “It’s a bit like trying to predict the effects of the internet before it was invented,” says Reetz. Organized into themed conference tracks, in-depth educational sessions will range from topics like cybersecurity and energy storage to gas-fired plant solutions and flexible power. Digitisation to support the energy transition . This can be achieved by reducing operation and maintenance costs, improving power plant and network efficiency, reducing unplanned outages and downtime, and extending the operational lifetime of assets. Digitalisation in the Energy Sector - Questionnaire CONTEXT Within the Energy Union, three key targets and policy objectives have been established in light of the 2030 climate and energy framework of the EC: 40% cut in greenhouse gas emissions, 32% share for renewable energy and 32.5% improvement in energy efficiency. The paper is both the basis and prelude to more in-depth work by the SFOE with all stakeholders concerned from the electricity, gas and heating industries. “Other changes will be where they find new sources of revenue, and how digitalization affects their workforce. Road, WorliMumbai - 400018, INDIA, Tel. Digital transformation has immense potential to unlock $1.3 trillion of value for the electricity sector; the industry must now embrace digitization. These capabilities are needed for generating supply to meet electric demand as market conditions constantly change.”, Humans and Technology Collaborating and Coexisting, Other thought leaders in the power industry are also emphasizing the importance of human labor in today’s increasing digitalized world. Terms and Conditions, Privacy Statement and California do not Track Notice and utilities industry need... Of decades and the latest innovations bnef believes this will grow to $ 5.2 billion by 2025, driven the... 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