Climate Change Drives the Energy Transition
The Energy System must be rebuilt:
- Fossil fuel power plants are replaced by renewable power plants
- Renewable and decentralized energy generation puts additional load on grids
- Advanced maintenance strategies are required
- Investment plans need to be supported by value-based decisions
- Maintenance (OPEX) and investment (CAPEX) costs need to be tracked and justified to the regulator and investors
New Technologies Support the Asset Lifecycle
Utilities
- Gather large volumes of sensor data via the Internet of Things
- Apply Machine Learning capabilities to analyze data and move from reactive to predictive maintenance
- Build real-time digital twins of their assets based on engineering models
- Provide augmented reality to their field crews for hands free work and remote support
- Use drones and satellite infrastructure monitoring for inspections and vegetation management