Topic Discussed : Growth Opportunities & Trends in Electricity Distribution Network Intelligence for 2019
Speaker: Vasanth Krishnan
Key Takeaways:
- There is a fundamental shift away from grid centralization to decentralization. One in which, a consumer is able to play an active role rather than a passive one. He/she can produce his/her energy using available sources such as solar power or CHP or energy storage and use it at a fair price and with government support in some cases. Active participation by consumers is on the way up in most of the OECD countries, a trend which Frost & Sullivan finds will continue to play a critical role in decentralization
- The shift towards e-mobility is a forthcoming move towards transport decarbonization. For the power sector, e-mobility is a massive opportunity to generate more power, bearing in mind the trend of electricity demand is in a state of decline in some of the OECD countries. Electricity distribution and supply companies will be active participants in planning, development and maintenance of EV related infrastructure together with e-mobility related firms.
- Smart electricity metering installations continues to increase year by year, which means more consumption related data is being generated which can be analyzed for building new value propositions or modify existing ones
- Summing the above points, Frost & Sullivan finds the supply and distribution side of the network to be dynamic in terms of energy activity looking ahead to 2025. Bulk of the activity will require efficient network intelligence management for a smooth operation
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Related Keywords: Frost & Sullivan, Decentralization, Distributed energy, Decarbonization, E-mobility, Intelligence, Distributed energy resource management, Industrial Internet of Things, Advanced distribution management system, Energy storage, electric vehicles, electricity demand, smart meters, big data, sensors, rooftop solar, commercial, industrial, residential, grid activity, distribution network operators, regulators, Energy
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