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The power infrastructure of tomorrow needs smart, connected energy networks |
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Analyst Insights on the Energy sector |
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In this article, Robin Duke-Woolley, Analyst and CEO of Beecham Research, shares his latest insights from the Energy sector on the key issues facing the market and how IoT is addressing them. Below is an excerpt from the latest insights article. Read the full version here Energy generation and distribution includes electricity, smart grid and renewables, oil and gas exploration and production.
There are two main challenges facing the energy sector today. 1. Assuring sustainable supplies of energy for the coming decades 2. Mitigating the effects of climate change.
Rising demand is inevitable as populations grow and natural resources (fossil fuels) are no longer inexhaustible. Governments worldwide recognise the need to reduce fossil fuel consumption and consequent pollution; they stipulate that industry must move towards net zero carbon operations, replacing fossil fuels with renewables (wind, solar, nuclear). As these renewable sources are coming into the mix, these are changing and complicating the pattern of electricity generation and usage. Incorporating renewables will go some way towards securing long term supplies, but these are by nature intermittent and decentralised. The ongoing replacement of petrol cars with electric vehicles will put additional demands on power supplies and bring about new patterns of electricity usage. On the consumption side, Industry 4.0 is increasingly reliant on sophisticated control systems, which rely on uninterruptible and predictable power supplies. In addition, the escalating number of devices in IoT networks and their power requirements will also increase the pressure. One of the biggest challenges with implementing the Industrial Internet of Things is managing data transmissions between many IIoT devices in remote sites. Oil and Gas production also faces increasing demand as resources dwindle. This is being met through discovering and exploiting harder to reach reserves and developing new extraction techniques; this is concomitant with ever stricter health and safety regulations for workers. Continue reading analyst insight here |
Robin Duke-Woolley |
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Case Study |
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eLTE-IoT Network for Mexican Power Grid With a line-loss of USD $2.05 billion, Mexico’s largest power company found a solution to upgrade its power grid and increase revenue.
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Exclusive Analyst Insights, written by the industry for the industry. |
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