The U.S. Environmental Protection Agency’s (EPA’s) plan to
regulate carbon emissions is just the latest challenge facing the U.S.
electric power system. Technological innovation is disrupting old ways
of doing business and accelerating grid modernization. Last year, AEE
released Advanced Energy Technologies for Greenhouse Gas Reduction,
a report detailing the use, application, and benefits of 40 specific
advanced energy technologies and services. This post is one in a series drawn from the technology profiles within that report.
Smart
grid communications networks include software and hardware that enable
the collection of data from and communication between smart grid
technologies, including advanced metering infrastructure (AMI).
Smart grid software and hardware technologies allow utilities to
collect vast amounts of real-time data. Smart grid data management and
analytics solutions help them organize, analyze, and act on that data.
These solutions are complex software platforms that use algorithms to
scan all of the incoming data and point toward actionable conclusions
for utilities, energy service companies, and energy consumers. These
programs also help to forecast demand and better identify and monitor
outages.
Utilities, energy service companies, and energy consumers
across the country are turning to grid communications networks to help
them better balance the grid, monitor energy usage, and integrate
renewables and distributed generation. An example of this type of
software is Gridco’s Grid Management and Analytics Platform,
which allows for remote control and data collection and analytics of
the grid.1 As more advanced software services emerge in this field, the
industry is expected to see significant growth and greater adoption.
Global smart grid analytics annual spending is expected to grow from $0.7 billion in 2012 to $3.8 billion by 2020.
In February this year, AEE Member General Electric's Digital Energy business announced
that it would provide Iceland's largest utility company, Reykjavik
Energy, with its PowerOn Advantage advanced distribution management
system. The system will allow Reykjavik Energy to reduce costs and
improve functionality. “A utility’s ability to control its network and
manage the people working on its power system is fundamental to ensuring
a safe and reliable power system for its customers and employees,” said
Magnus Rosenblad, account director for the Nordic region, GE’s Digital
Energy business.
With more data and analysis providing deeper
insight into grid operations, utilities can more precisely manage the
grid and get a better sense of where energy efficiency measures and
other energy management options may be the most valuable. Smart grid
data management and analytics technologies enable utilities to better
run their energy efficiency programs, integrate more variable renewable
resources, and decrease the need for electricity generated by
high-emitting peaking power plants.
http://theenergycollective.com/coley-girouard/2224691/advanced-energy-technology-week-smart-grid-data-management-analytics
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