digitization

Cisco, a global technology company, and Gridspertise have signed a memorandum of understanding (MoU) to develop and deploy new solutions for the digital innovation in electricity grids. The companies announced the deal on Jan. 28. The MoU is a collaborative framework that leverages both Cisco and Gridspertise’s technological and business expertise. The companies on Tuesday […]

The future of clean electricity is dependent on modernizing America’s electric grid. At the heart of the U.S. grid are 75,000 substations that have not been updated to meet the standards of a truly smart grid. Electric utilities are grappling to control and monitor bilateral energy flows with their current substations. This is a result […]

Energy and utilities companies are grappling with unprecedented challenges. With the cost of electricity surging by 28.5% in just five years, the average American now spends nearly $300 a month on utilities, leading to a rise in customer defaults and mounting bad debt. Global energy demand is only set to grow in the coming years […]

In the coming decade, the nuclear industry faces the daunting prospect of seeing one in four employees retire. According to the 2022 Global Energy Talent Index, 25% of its current workforce is over 55, compared to 20% in the oil and gas industry, and only 10% in the renewable energy sector. And, at age 65 […]

Utilities function in the present but must always plan for the future. That’s even more true today, as the rapid pace of change with power generation technologies, and the transition to cleaner forms of energy, means utilities—whether they deal with electricity, natural gas, water, transportation, or are a municipality that pays attention to all those […]

CLEVELAND (August 16, 2022) — Intelligent power management company Eaton today announced new research on the relevance of the energy transition in digital transformation planning for power-critical businesses. Commissioned by Eaton, this S&P Global Market Intelligence report – The Intersection of Digital Transformation and the Energy Transition – highlights that although 77% of companies surveyed expect to transition away […]

The digital transformation in the power generation industry touches several areas, encompassing engineering, monitoring and control, asset performance, and operations optimization, among others. Power plant operators know the digital era has been a perfect fit for their industry, enabling digitization to reduce risk, save costs, optimize performance, and speed crisis response. Doble Engineering is a […]

A technology leader in the power generation sector officially has a new name today, as the former Hitachi ABB Power Grids is now Hitachi Energy. The rebranding, announced during the summer and taking effect Oct. 13, is the latest move by a joint venture formed in the summer of 2020 when Hitachi and ABB closed […]

Emerson Electric Co. said it will merge its software business with rival Aspen Technology (AspenTech) in an $11 billion deal that will bring together both companies’ expertise in industrial software applications. It’s the latest move by Emerson to support the rapid growth of digitization in the power generation industry. “We saw an attractive opportunity to […]

Burning fossil fuels for electricity, heat, and transportation is by far the largest contributor to greenhouse gases, according to the U.S. Environmental Protection Agency. Renewable power generation is taking off, but more than 60% of North American energy generation is still carbon-based. The percentage is even higher in other parts of the world. Optimizing the […]