Energy Stability in the Digital (Transformation) Age
If the Digital Age – also known as the Information Age or Computer Age – is thought to have begun in the 1960s, then the current move to an all-digital society can only be described as the Digital Transformation Age.
And nowhere is that shift more apparent than in the energy sector. Digital advances in data management and analysis are radically reshaping the way that power providers generate, distribute and market renewable energy – and, more importantly, how they are able to solve everyday demand challenges.
Clearly, the world’s electric grids are becoming smarter out of necessity. The ability for both traditional and renewable energy providers like CSDR International to ensure power supply, reliability and total-system integrity lies in the increasing digitalization of data and data monitoring.
According to Bloomberg New Energy Finance, the “Internet of Things” – web-linked sensors and devices connecting everything to everyone – will top 50 billion by 2020. In addition to making consumers and their cars, homes and workspaces smarter than ever, this unprecedented interconnectedness has energy providers excited, especially those specializing in solar and other renewables.
Meeting energy supply, even in the old-school fossil fuel days, has always been a tricky business. To navigate the risks, power companies have been relying on digital technology to manage the grid since the 1970s. What has changed lately is the sheer volume of information available due to the seamless integration of sensors and 24/7 data collection in every facet of life. For energy providers, this means the ability to rebalance the grid at literally a moment’s notice to meet surges in demand and avert a crisis.
The potential scenarios are endless. Planners trying to juggle heavy-load summer days with forecasts of supply-disrupting weather can now rely on real-time data to instantly source power from different geographic areas to maintain system integrity. Add to this the growth of solar and other renewables, and the very real possibility of energy providers digitally conversing with utility companies – and even with the appliances themselves – to shift usage behavior during crucial periods, and we can eliminate the chances for grid failure entirely.
For all the upsides of our rapidly-growing digital world, none is more crucial to long-term energy stability than the fact that it makes all power – especially solar and other renewables – more reliable than ever.
And that’s a win-win for us all.