“ The electric grid is the backbone of our economy and we are placing increasing demands upon it as we work to electrify everything and combat climate change ”
SMART GRIDS
The industry faces parting with billions of dollars in maintenance and upgrades , which have been deferred for many years – and that ’ s before you factor in costs relating to extreme weather events , such as those witnessed in Texas in February 2021 .
Capgemini is convinced digitalisation will improve grid stability , it notes in its World Energy Markets Observatory report .
“ The grid – and distribution grids in particular – must become more digital with improved data collection via IoT equipment , such as : transformers use of AI for predictive asset management and self-healing ; digital twin development ; improved grid management IT systems ; and more granular weather forecast data ,” it reports .
“ The electric grid is the backbone of our economy and we are placing increasing demands upon it as we work to electrify everything and combat climate change ”
JOSH BRUMBERGER CEO , UTILIDATA
Smart grids at scale with higher digitisation are progressively being deployed at the distribution grid level to enable managing increasing shares of renewables , stationary batteries and new consumption patterns .
Harnessing AI solutions and leveraging IoT As the grid gets smarter , there is going to be increasing demand for AI solutions to manage the complexity of operations . This will enable greener operations in implementing predictive maintenance of solar and wind arrays .
In addition , it could have a significant role in the corporate energy market , enabling companies to reduce energy use and even supporting a decrease in emissions through managing a dynamic network of energy sources , the report adds . energydigital . com 81