Connected Energy : Future of Energy Industry

There are many smart devices, shrinking price & size of sensors, advanced connectivity, e-commerce, and machine-to-machine (M2M) communication that are creating new opportunities and business models in the energy industry.

 

A strategic technology partner is needed that will help you transform, modernise, and integrate existing solutions and at the same time build new capabilities i.e., faster and cheaper. A company like Harman that has end-to-end capabilities and services is ideally placed to address this gap and deliver a smarter energy ecosystem.

What are the factors driving innovation

Now let us talk about the factors that are driving innovation. If you evolve customer expectations for greater control over the amount and timing of the energy they use and expect differentiated services. The alternate energy is seeing a rise in the form of solar and sustainable energy innovative and pervasive digital Technologies that could provide high-performance computing at lower costs New Business Models: Emergence of dynamic pricing, distributed power generation, smart meter, etc. is making utilities rethink their role in the value chain.

What are the recent trends

Smart Grids: Transition from the one-way grid to the decentralised, interconnected two-way system is underway. Distributed Generation: In this, utilities are taking a direct role in supplying distributed generation to their customers Energy Analytics - Analysis of smart grid information requires advanced analytic solutions. Dynamic Pricing: Smart grid adoption enable pricing to reflect the variable supply costs.

 

Challenges being faced currently

When talking about old infrastructure complexity it is at 605 of electric grid assets that cannot support next-gen services regulations, security and compliance are continually changing. Data integration with business systems: Integrating data from connected devices from smart meters, grids, and employees and into existing corporate business systems such as ERP, CRM, BPM

Now let us talk about connected energy as a service

What connected energy does help a single cloud-based platform to unify Internet of Things-Smart devices and systems, connectivity, data, and analytics and automation – to make grids scalable and smart.

-First, let us talk about the smart grid as a service. It is a cloud-based smart grid which is integrated to SCADA. It also operationalises advanced distribution management and outage management system. In addition to that, derives insights from AMI operations to optimise smart meter deployment and n/w ops. Moreover, to prevent any asset failure or damage, it also provides predictive maintenance and condition monitoring.

 

Now jumping towards the features

●     It creates a middle layer between the Utility & MDMS suite to address billing and AMI data

●     Also, provide pre-packaged common billing determinants and common invoice templates that can be reused

●     Helps in delivering simple, flexible, intuitive and self-learning data transformation mapping tool

●     Reconfigurable mapping options to work with custom MDMS.

●     Provide a pre-packaged & pre-configured installable client interface.