digitization

Utilities that provide natural gas to customers are investing in smart technologies to modernize their infrastructure. These measures are leading to better efficiency in gas delivery, while also enhancing safety measures along their delivery networks.

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 […]

The digitization of power generation is among the technology advancements transforming the way electricity is produced and distributed. Utilities have always sought ways to improve the efficiency of their operations, along with lowering the cost of maintenance while streamlining asset management. The digital transformation has brought numerous challenges, as utilities seek to upgrade their legacy […]

The global energy sector, including utilities, is looking at a talent drain. As older workers retire, the competition to recruit younger workers to replace them has heated up. The power generation industry today is more digitized, reliant on expertise in analyzing data and developing software. That means many workers who could move into positions at […]

PITTSBURGH, Pennsylvania (August 3, 2020) — Emerson (NYSE: EMR) and Mitsubishi Hitachi Power Systems Americas (MHPS) are joining forces again to develop digital technologies, software and services to help utility customers drive operational excellence in North America. The companies will collaborate on digital solutions to optimize performance and reliability, enable predictive and AI-driven maintenance strategies, […]

In the face of widespread disruption driven by economic, regulatory and consumer forces, the energy sector is increasingly adopting digital technologies to transform the industry and bring it into the future. However, this move to modernization can unintentionally expose organizations to a range of new security threats that must be addressed. Digital Transformation—A Move to […]

Digitization in the power generation sector continues to expand. Its goal in simple terms—providing easy access to data for power plant operators and engineers, enabling the use of advanced analytics to improve equipment performance and efficiency—has resulted in reduced operating costs for utilities, and also has enhanced plant safety. POWER’s upcoming Connected Plant Conference, set […]

Power generators continue to expand their use of digital technologies. Data analytics, artificial intelligence, and machine learning are all part of a rapid transformation in how utilities are improving the

A key aspect of any digitization effort is providing easy access to data by engineersand other experts so they can perform advanced analytics to improve outcomes. In the March 2018 issue of POWER, an article

Siemens reported a 2% rise in industrial profit for its fiscal third quarter on August 2, topping analyst forecasts, though the German engineering giant also reported that revenue for the quarter dropped 4%. The earnings report comes as the company prepares to implement a new strategy that cuts its number of business divisions. The company […]

COSTA MESA, Calif.: 21 March 2018 — Utilities are among the lowest-performing industry groups when it comes to delivering distinct digital customer experiences, but some pioneers have found the secret to digital success, according to the J.D. Power 2018 Utility Digital Experience Study,SM. [For a chart showing utility rankings, click here: http://www.jdpower.com/press-releases/jd-power-2018-utility-digital-experience-study] The inaugural study evaluates […]

The rise of digital technologies for power plants has moved in fits and starts over the past several years, with some generators quickly embracing digitization of their assets while others are looking to justify potential investments. Suppliers of digital technologies have widely marketed the benefits, but many generators are looking to current end users for […]

Enrico Viale, head of global thermal generation for the Italian energy company Enel, kicked off an international power industry event yesterday with a keynote presentation describing the “needs” of utilities in the future.