Utilities are making progress with renewable and distributed energy. Early adopters are seeing tangible results from their investments. While hurdles exist, utilities are starting to see the advantages and potential that these technologies can yield. Change is coming, and today’s utilities are experiencing the leading edge of an electricity transformation, whether they are ready or not.
In smart city initiatives, electrification of the personal vehicle, fleet and mass transit sectors is becoming an important tool for city officials and utilities as they reimagine how people and goods move sustainably across the urban environment.
We are at the dawn of the Fourth Industrial Revolution, and the foundation of this new era is squarely built upon the success of the "digital grid." Today, grid modernization will involve three paradigms that will provide clarity to achieving an effective grid optimization strategy.
Asia experiences more natural disasters than any other region in the world. However, there may be a solution to help mitigate loss going forward - investing in and embracing emerging smart grid and microgrid solutions.
Traditionally, mining companies have built their own infrastructure at greenfield sites, and due to necessity, constructed their own supporting “pit to port” infrastructure, including power and water supply schemes, roads and railways.
When mining giant Rio Tinto decided to expand its iron ore production in Pilbara region of Western Australia, they faced a problem. While the remote region accounts for more than 40 percent of the world's iron ore production, it is also one of the driest parts of the world.
As utilities digitize their critical infrastructure with advanced technology applications, they are adding more IP gateways and other data delivery elements to their networks, making them more susceptible to common types of attacks than they have been in the past.
The mining industry is increasingly leaning on technological innovation to improve safety, operational efficiencies and performance. With that comes the requirement for extensive and intelligent communications networks, all laying the foundation for the Industrial Internet of Things (IIoT).
Holistic and scalable smart systems depend on two major moves—embracing technology to make systems as efficient as they can be and increasing stakeholder engagement. To fully realize the smart city and smart utility promise, cities and utilities need to create a network of digital infrastructure.
Although governments and municipalities believe strongly in the smart city model, they continue to struggle to fund these efforts. According to survey data from the 2017 Strategic Directions: Smart City/Smart Utility Report, only 16 percent of municipalities can self-fund a smart city initiative.