Connected Plant The POWER Notebook: Power Sector Digitalization Accelerates The pace at which new digitalization technologies are being adopted in the power sector is dizzying, … Welcome to Thomas Insights â every day, we publish the latest news and analysis to keep our readers up to date on whatâs happening in industry. 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. 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. 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. 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 ). Its goal in simple terms—providing easy access to data… Webinars Sponsored by … Active network management: procurement of services by network operators in markets and on platforms . In addition to delivering unique benefits for consumers, digitalization offers huge opportunities to the power industry as a whole. Moreover, as the pace of renewable energy integration increases and there is widespread adoption of smart grid technologies, utilities would be required to increase the deployment of intelligent equipments or to undertake modifications to transform the existing modules into smart equipments as the availability of real-time data is critical in the context of both developments. “Even if we manage to design highly secure distribution grids, a network of car charging stations could turn into a new vulnerability. 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. 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. 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. 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. The digital transformation is unique to each organization based on their individual requirements and business objectives. Ramping up or down of thermal power plants hitherto was through manual load setting or through the free governor mode of operation. On the down side, instrumentation & controls were costly in the past. Digitisation to support the energy transition . The global energy sector is undergoing a dramatic transformation, led by trends in digitalisation and centralisation. Juliet Shavit, president and CEO of Smartmark Communications, is also a firm believer in focusing on the human element in digitalization. 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. “It’s a bit like trying to predict the effects of the internet before it was invented,” says Reetz. Renewable energy and CO2 reduction have triggered a profound need for digital transformation of the energy sector. 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Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. Digitalization in Power Generation is transforming the work behavior in plants. All Rights Reserved. “You could have the smartest technology in the world,” she explained, “but unless customers are engaging with [that technology] and reducing their energy use and playing a proactive role in the energy transformation, then really we don’t have a sustainable value. Thus, the relative decoupling between economic growth of the ICT sector and energy consumption has been much slower than that between growth in technical terms and energy consumption. This report is intended to help ASEAN and ASEAN Member States address high-priority power sector challenges through increased digitalization by providing useful digital technology … Does November's Modest Slowdown in U.S. Manufacturing Signal a Cold-season Decline? sector. The pace of digitalisation in energy is increasing rapidly. 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. For power generation software, China and Europe will be the biggest markets, accounting for 26% and 24% of the … The series reached over 4,200 participants from 70 utilities in 68 different countries. It is the interaction between the technology and the people that creates the solution. Digitalizing doesn’t mean that roads, factories, and that the digital power plants of the future will turn into ones and zeroes. 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. Going forward, Martin said he expects “a blended human/AI approach to digitalizing operations that frees up human capital to focus on high-priority issues.”, With the skills gap continuing to grow, Martin stressed the importance of planning ahead: “Electricity has a mature workforce with 25% of industry workers reaching retirement age within five years, so power producers and utilities will need to invest substantially in creating a culture where operators are comfortable working in AI-enabled environments.”. 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. Similarly, to increase the operational efficiency and ensure effective network planning, distribution companies are also undertaking several digitisation and grid modernization initiatives. In the past, energy, water and labor cost was less, waste disposal carried little cost, and emissions did not incur fines. By the end of 2018, he predicted, “AI will rapidly automate basic maintenance of industrial processes, from real-time fuel optimization … to wind power forecasting.”, Perhaps the most pivotal element in the future of AI is the intersection of human contribution and automated technology input. One of the slower runners in the digital transformation race is the energy and utilities industry. Sign up here to get the dayâs top stories delivered straight to your inbox. Horizon2020 – key calls: work programme 2018- 2020 . Embracing Digital Twins in the Energy Sector. Digitization in the power generation sector continues to expand. The energy sector is used to thinking in terms of decades and the energy world is a slow-moving entity. 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. In many cases, companies in these sectors have helped enable the digitalization of the energy sector and the rise of “prosumers”—novice consumers who buy professional-quality equipment. These are symptoms of a bigger problem Covid-19 presents to the nuclear sector, said energy and nuclear policy independent analyst Mycle Schneider. 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. Image Credit: Edi Katona/Shutterstock.com. POWER-GEN International is offering an opportunity to save $75 off attendee registration. 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. From Mexico to Brazil to Argentina to Peru, electricity providers have been installing smart meters at homes and businesses. 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. Thomas uses cookies to ensure that we give you the best experience on our website. Hence, going ahead, equipment manufacturers need to undertake innovations and more towards smaller but smarter equipments. By using this site, you agree to our, Skills Gap Isnât the Only Workforce Challenge. Data collection and exchange are growing exponentially, creating digital threats but … Digitization and Analytics in Power Plants A key aspect of any digitization effort is providing easy access to data by engineers and other experts so they can perform advanced analytics to … The digital revolution—referred to as Energy 4.0—involves these advances to build smart grids, manage renewable energy and distributed generation. 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. 2 . Thomasnet Is A Registered Trademark Of Thomas Publishing 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. Digitalization of the energy sector is the only way to help fighting against climate change and develop a sustainable development. Plants are now becoming more and more smarter by digitally integrating assets to make our work easier. ico-arrow-default-right. : +91 11 2336 3013 / 14Email: delhi@ieema.org, 501, Kakad Chambers, 132Dr. This has gained momentum as IT infrastructure in the country has improved by leaps and bounds and is becoming competitive day by day. of the pain-points in the energy sector. : +91 22 2493 0532 / 6528 / 6529Email: mumbai@ieema.org. 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 … The energy sector began integrating digital technologies in the 1970s and rightly so, because of its high resource levels, costs of failure and outages. Mobility, Production/Digital Engineering, Energy, Health, Cybersecurity, Education/Culture/Science 10 Innovation Labs Entrepreneurship education centers in digital technology Initiatives at Center Digitization.Bavaria 9.11.2017 M. Irlbeck: Digitalization in Bavaria - Challenges in the energy sector 3 Recognized industry leaders will present their thoughts and provide actionable takeaways on digitally transforming a power generation business into a 21st-century trailblazer. 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. By Power-GEN While the “three Ds” of energy—decarbonization, decentralization, and digitalization—are all driving the global energy transition, only … Artificial Intelligence for an Optimized Power Industry. He noted that the digitalization of the power sector would not only help resolve issues surrounding accountability in the sector, it would improve power supply to Nigerians. Digitalization will also play a major role in the renewable energy sector going forward. 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. “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. 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. Being adopter of digital technologies since 1970s, the energy and utilities sector is embracing such emerging innovations as the Internet of Things, Data Science, Machine Learning and cloud computing. 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. corporates, entrepreneurs and start-ups to provide solutions and create new businesses in this sector. Digital transformation has immense potential to unlock $1.3 trillion of value for the electricity sector; the industry must now embrace digitization. The future of digitalization in power will be a session in the December 15 series of POWERGEN+ online. The digitalization of the power infrastructure is not a new idea. The “Dialog paper digitalization in the energy sector” contains explanations and deliberations on technologies, applications and trends, and on future challenges and regulatory issues. The International Energy Agency (IEA) has been spreading this key message for many years: “Digitalization holds great promise to help improve the safety, productivity, efficiency and sustainability of energy systems worldwide. Digitization, as RRE points out, will make a huge impact on the Brazilian energy sector. Schneider said: “Covid-19 constitutes an unprecedented threat on sensitive strategic infrastructure, above all the power sector. Moreover, power system assets are critical infrastructure and operators need to act based on facts there's no room for being misled by hype when the reliability of our energy infrastructure has major consequences and can mean the difference between life and death. Digital transformation is something that has become a common trend, and it is one that has reached the Power & Utilities sector moving rather quickly. Digitisation to support the energy transition . 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. 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. The prospects for a smart power system have been widely discussed in the global electricity sector. Meanwhile, with the advancement in communications technology, digitization has become even more relevant because it measured a performance parameter correctly and communicate it in a timely manner allows the utilities to take better decisions based on accurate data. California Do Not Track Notice. 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. Data collection and exchange are growing exponentially, creating digital threats but also valuable opportunities. The digital revolution is coming to the power industry. Solution to Integrate Variable Renewables” indicates digitalization as a major driver for innovation and solutions of the energy sector challenges. “Other changes will be where they find new sources of revenue, and how digitalization affects their workforce. “For utilities and generators, the most significant change will be how they handle data strategy and security,” Curry says. 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. It features input from almost 100 experts and data from extensive desk research. 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. Without changing their business process to get the results that digital solutions offer, companies will have great technology but little else.”. The same study reveals that the ICT sector is by far the most digitalized in Germany (74 out of 100). Digitisation and modernization have become the buzzwords for grid upgradation of advance information technology solutions with business operations and planning. The power system simulator market has been segmented based on module, offering, end-user, and region. The 15-part Cybersecurity and Digitalization webinar series was launched in June 2020 to educate utilities on cyber standards, trends, and best practices. If your company can help provide supplies, capabilities, or materials for products such as N-95 Masks and Tyvek Suits â Please let us know. The digitalization of the power sector allows for greater transparency into operations, which greatly increases efficiency and reliability while decreasing costs. Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. Terms and Conditions, BNEF believes this will grow to $5.2 billion by 2025, driven by the sectors decarbonization mandate. Annie Besant. Privacy Statement and GE Power Chief Digital Officer Steve Martin discussed this digital transformation in a recent interview with Power Engineering International. Switching off a large number of charging stations simultaneously would bring any grid to its knees. 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. The event “Digitalization and decentralization of the Energy Sector” began with the “Decentralization of the Energy Sector: key for development” panel. The biggest changes that digitalization will bring to the energy sector will depend on each player’s position in the value chain. 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. We are using the power of our platform to aid in the mass shortage of critical supplies. 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. WEF’s report on “ Cyber Resilience in the Electricity Ecosystem: Principles and Guidance for Boards ” calls for attention to the interconnectivity of the power system, in terms of both grid elements and associated stakeholders. 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