Digitisation in Power Sector
The rapid rate of digitisation has impacted almost every sector, bringing myriad benefits to them. They all are adopting changes and cutting-edge technologies to streamline their resources and serve the consumers better. The power sector is not behind in utilizing these technologies. Keeping in line with the trend, the power industry is embracing Artificial Intelligence (AI), Internet of Things (IoT), Cloud and other technologies to enhance its efficiency. Pandemic-induced effects augmented the pace of adoption of the technology in the sector.
As the world is aspiring to achieve ambitious sustainability targets, it is critical to use groundbreaking technological solutions to resolve many problems in the power sector. These technologies have enormous potential to lessen the difficulties the power sector is confronting for a long time. The sector has various challenges to deal with in this decade. One of them is to make sufficient power provision for all. And the other one is keeping the cost as low as possible. Besides, there are problems that require significant attention in the days to come.
Artificial Intelligence boosting pace
The capabilities of Artificial Intelligence (AI) can boost the pace of changes the power sector is experiencing. It is apparent that the technology will work as the brain of future smart grids. It will collect the huge amount of data coming from millions of smart sensors and assist in analysis and thus decision making on how to distribute power in the best possible way. Apart from that, intelligent algorithms can be beneficial in comprehending patterns and anomalies in the large data sets that can revamp both the demand and supply sides.
On the other hand, smart meters can help in continuous monitoring of the demand and supply. Electricity flow from the grid can be measured in real-time through synchrophasers and further allocation can be monitored. These sensors will be very effective in communicating with the grid and revising electricity use during off-break times that will lower the workload of the grid and decrease the costs.
With AI, the industry can cut energy waste, lower costs, and enhance the usage of renewable energy sources in power grids. It can also facilitate the operation, maintenance, control, planning and execution of the power system. The AI-based system can significantly enhance the quality of services to the consumers by connecting power generators and grid managers.
Cloud Computing diminishes the costs
The transformation of power infrastructure has opened tremendous opportunities for utilities. They can now access a humongous amount of data on a real-time basis and analyse them to get efficacious insights. But the collection, storage, processing and analysis of such enormous data is difficult for the industry. In such a scenario, cloud computing has appeared as a great help before the sector, providing solutions to these problems. The technology can assist enormously in the storage and analysis by improving the utilities’ computing and analytical capabilities. It can also be a great help in managing grid operations, outage management systems, advanced metering infrastructure, demand management systems, workforce management systems, and customer billing and accounting systems. As the cloud reduces the pressure on the existing infrastructure by lessening the need for data storage and server configuration, it significantly diminishes the costs.
At a time when deregulation and privatisation are increasing the competition in the power sector, the cloud has come up as a great tool to successfully penetrate the market. Cloud computing services have facilitated the usage of shared IT infrastructure and services that are beneficial in building a flexible, scalable and on-demand IT environment. The technology has boosted the speed of operation by enabling the transfer of data coming from various devices at an exceptional pace.
Read More: https://smeventure.com/smes-india-glance-cloud-computing-technology/
IoT has boosted workplace security
Introducing the Internet of Things (IoT) has empowered the power sector greatly. The application of the technology in various utilities can improve the efficiency of the sector and thus increase revenue generation. The IoT enabled equipment can be extremely helpful in the optimization of energy, water generation and power distribution, thus meeting the demand for power. The IoT sensors have the potential to boost the security of the workplace, thus protecting workers from any undesired incidents. The technology is also very useful in anticipating the demand for power soon that can help the sector in the preparation for the same. Apart from that, it can be extremely effective in predictive maintenance, energy efficiency and performance improvement.
The perpetually rising demand for power has made it indispensable to utilize the best technology available to enhance the efficiency of the sector and meet the expectations. AI, cloud and IoT are extremely helpful in saving energy and cost, regulating demand and supply and effective distribution of power. Besides, they come up with several other advantages that the power sector requires to avail. The Indian power sector is embracing technology with a firm intention to make it efficient and serve the very purpose of power.
Written by,
Manoj Kumar Chaudhary, Founder & Director – Vensor Electricals Pvt Ltd
