In the energy sector, it is not uncommon for large capital projects to significantly exceed budget and experience extensive delays. ABB Adaptive Execution addresses major inefficiencies that result in cost and schedule overruns. It enables greater…
The fourth industrial revolution, also known as Industry 4.0, delivered the Industrial IoT (IIoT), which leverages the internet and computing infrastructure to connect machines, processes, and people. According to Frost & Sullivan's estimates, as of 2019,…
Whether you are an advocate for distributed power generation, renewables, or simply a fan of technology and free power sources, there is no denying that wind power represents an opportunity to enhance power generation while maintaining…
Half the world lives in cities. By 2050 that figure will rise to 70 percent, boosted by the 2.2 billion more people who will live on the planet at mid-century. Cities generate 80 percent of the…
In most of the world today, power producers are operating in uncertain times. As traditional operating models are upended by new sources of energy, particularly wind and solar, steam power plant operators find themselves running plant…
Digitalization holds great promise for the power generation industry. However, a range of internal and market challenges can constrain its effective uptake and implementation for those early in the digital journey. Digitalization can play an important…
The development of Industrial Control Systems (ICS) over the past two decades has changed the face of many industries. Operational Technology (OT) – largely industrial equipment – has become increasingly connected, and the integration of Information…
Virtual power plants/pools (VPP), are fast becoming a driving force in the power industry, due to rising demand for energy and the global turn to renewables. By 2025 there will be 1 billion more people on the…
One in five power plants will become digital plants by 2025, a Capgemini’s report predicts. Back in 2016, the maturity of digital initiatives in the industry varied: from projects that were leveraging advanced analytics to optimize…
The power industry has a long history of embracing the benefits of digital technology. For decades, power plants have used remote sensing, networked communication, data aggregation, monitoring and control systems to optimize their generation, transmission and…
Digitalization holds great promise for the power generation industry. However, a range of internal and market challenges can constrain its effective uptake and implementation for those early in the digital journey. Innovative companies that approach digitalization…