Substation platforms help to reduce overall costs, improve safety and enhance cybersecurity. Machine virtualization is the foundation of these platforms, which delivers increased grid reliability and system resilience. We are seeing the emergence of new substation technology platforms that are driving grid modernization and are helping to improve existing Edge-based operations. The insights derived from Edge analytics can then drive automated decisions to ensure grid stability and safety in real time. Smart devices can collect data from diverse sources, and advanced analytics can now be performed at the point of data collection. Through the application of Edge and IoT devices, energy companies can measure, monitor and manage energy seamlessly. Modernization of the electricity infrastructure through digitalization will deliver enhanced intelligence, increased resiliency, significantly improved security and the ability to digitally integrate across the grid. From the Forrester research, 84% of utilities companies are either implementing or planning to implement Edge IoT enabled distribution automation of electricity or water.Īutomated distribution is one of three key areas opportunities in Edge computing for Utilities, along with grid modernization and analytics at the Edge. Edge computing expands our digital capabilities by enhancing our ability to analyze data and act in real time.Īccording to Forrester 5, one of the key use cases for Edge computing in the energy industry is in distribution automation. Increase reliability and operational efficiencyĬentral to digital transformation is the need to be empowered by data – data that is captured and analyzed at the edge of the operations network.All energy businesses need to become digital businesses, and for the energy industry there are four key digital transformation goals: Technology and digital transformation are key to modernization in the energy industry. Ageing electric grid systems are becoming increasingly volatile 4, creating a need for modernization to reduce both cost and risk to improve security. With the transition to a two-way flow grid and the ongoing growth of renewable energy, there is a heightened need for the industry to address legacy infrastructure and to innovate.
These demands are about the delivery of reliable and secure renewable power and will help grow the smart microgrid by $39.1bn by 2023 3.
Renewables now deliver 33% of global energy 1 and the power capacity of renewables is set to double between 20 2.Ĭonsumers are becoming ‘prosumers’ – shaping their own utility needs and demanding that renewable energy choices be part of their electricity options. Simultaneously, the growth in renewable energy technology is driving even more transformation in the electric utilities industry. The utility grid is moving from a legacy one-way structure to a dynamic, predictive, data-driven network. The energy industry is undergoing significant transformation.
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