Growing Digitalization and Automation in Power Sector February 21, 2019 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. 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 digital revolution—referred to as Energy 4.0—involves these advances to build smart grids, manage renewable energy and distributed generation. These are symptoms of a bigger problem Covid-19 presents to the nuclear sector, said energy and nuclear policy independent analyst Mycle Schneider. Artificial Intelligence for an Optimized Power Industry. Digital economy and skills for the future are two priorities for the Bulgarian Presidency of the Council of the European Union. Digitalization will also play a major role in the renewable energy sector going forward. 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. With the entrance of rapidly varying renewable generation, the need for automatic load setting on the thermal plants through intelligent features arises. Active Efficiency seeks to optimizes energy use with the opportunities presented by digital technologies. Ramping up or down of thermal power plants hitherto was through manual load setting or through the free governor mode of operation. 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. : +91 11 2336 3013 / 14Email: delhi@ieema.org, 501, Kakad Chambers, 132Dr. Horizon2020 – key calls: work programme 2018- 2020 . 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 … Schneider said: “Covid-19 constitutes an unprecedented threat on sensitive strategic infrastructure, above all the power sector. GE Power Chief Digital Officer Steve Martin discussed this digital transformation in a recent interview with Power Engineering International. Additionally, many of the services from digitalization (such as social media, email providers or search engines) are being paid for via a flat rate rather than per data unit. 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. Mazda-Toyota Plant to Begin Hiring 3,000 Workers in Alabama, 68% of Companies Plan to Rehire Talent Let Go Due to COVID-19 [Survey], This Company Transforms Mid-'60s Ford Broncos into Electric Vehicles, Timken Buys Aurora Bearing, Positions Itself As Engineered Bearings Leader, Retired Pilot Sells Home to Open Mask Factory in Hawaii, Contract Manufacturer Mack Hands Out $15 Million in Employee Bonuses, "If I Ran This Place, Things Would Be Very Different": Here's What Happened When Staff Members Became Employee-Owners, World's Leading Producer of Wet Wipes to Expand, Add 300 Jobs in Arkansas, Ending 2020 on a High Note: 6 Positive Stories to Celebrate This Week [Amplify Friday]. Can Your Company Help Provide Critical Supplies? Discussion went on how digitalization of the energy sector is key for economic growth, digital services impact and how consumers relate to electricity. Embracing Digital Twins in the Energy Sector. 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. It is the interaction between the technology and the people that creates the solution. 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. The energy sector began integrating digital technologies in the 1970s and rightly so, because of its high resource levels, costs of failure and outages. Digitisation and modernization have become the buzzwords for grid upgradation of advance information technology solutions with business operations and planning. Therefore, it is likely that the ICT sector acts as a technology push factor for the digitalization of other sectors, including the energy sector. 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. The big traditional companies that dominate the European energy market are not quick to adapt to change. 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. Terms and Conditions, 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. 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. 1 Energy Policy Research Group, University of Cambridge, United Kingdom. These technologies are gradually making inroads in the Indian power sector as well. 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. Digital technologies already play an important role in the energy sector. The energy sector reaches an index of 47 (in 2018), which is midfield compared with other sectors. 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. 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.”. 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. The same study reveals that the ICT sector is by far the most digitalized in Germany (74 out of 100). Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. The discoms are also focusing on enhancing its consumer service experience by implementing information technology solutions. Recent years have seen both innovative startups and established technology giants entering the power and utility sector, blurring the market’s boundaries to include telecom, financial technology, and retail industries. Without changing their business process to get the results that digital solutions offer, companies will have great technology but little else.”. 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. The digital transformation is unique to each organization based on their individual requirements and business objectives. The French Development Agency AFD has agreed to provide 100 million euros in loan to Bangladesh for the digitalisation of the country’s power and energy sector. the energy sector for the benefit of a system that is able to integrate higher shares of RES and promotes energy efficiency . * Corresponding author. 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. Digitisation to support the energy transition . The future of digitalization in power will be a session in the December 15 series of POWERGEN+ online. 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. Now, however, it’s a reality. 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. Digitalisation in energy sector brings new opportunities to the . The 15-part Cybersecurity and Digitalization webinar series was launched in June 2020 to educate utilities on cyber standards, trends, and best practices. 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. 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. 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. On the down side, instrumentation & controls were costly in the past. The prospects for a smart power system have been widely discussed in the global electricity sector. Digitalizing doesn’t mean that roads, factories, and that the digital power plants of the future will turn into ones and zeroes. To determine what it means for the energy sector specifically, DNV GL surveyed nearly 2000 professionals from across the global energy value chain. 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. Its goal in simple terms—providing easy access to data… Webinars Sponsored by … “Even if we manage to design highly secure distribution grids, a network of car charging stations could turn into a new vulnerability. 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. 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