Electrification and renewables buoyancy across Europe will mandate huge grid resilience

Posted by MarketsandMarkets on Mar 25, 2019 6:37:49 PM

The European power system is set to change radically in the future owing to the drive to reduce carbon emissions. At the same time electrification of transportation and heating sector will create a perennial demand on the grid infrastructure.

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Topics: Energy and Power, utility asset management

Digital Simulation as a panacea for the Utilities Industry

Posted by MarketsandMarkets on Jan 30, 2019 4:44:13 PM

In this generation, most of the utilities are under increasing pressure for quality, reliability and security and the equivalent cost of the power that they supply to their valued customers. Real time digital simulators are an intrinsic tool for utilities in this volatile environment. Through these Digital Twins or replicas, utilities’ companies can run simulations of their equipment, and mine data and insights of these simulations. This is one of the white spaces wherein the companies can move beyond predictive maintenance and AI.

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Topics: Energy and Power, utility asset management

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