Because of the challenges faced by the industry, grid modernization has become crucial. Utilities need to modernize the grid to invest in emerging trends to meet the needs for affordability, sustainability, and reliability.
FREMONT, CA: Utilities are facing more challenges because of legacy infrastructure and electric grid systems. Also, because utilities are important infrastructure, they face increased cyber and physical security threats and strict regulatory and compliance needs.
Because of the challenges faced by the industry, grid modernization has become crucial. Utilities need to modernize the grid to invest in emerging trends to meet the needs for affordability, sustainability, and reliability. Edge computing and the Internet of Things (IoT) solutions can turn operational data into actionable intelligence.
Electric utilities with a modernize grid can utilize edge computing solutions to operate, evaluate, and gain insights from the continuous flow of data from connected devices. These insights allow utilities to handle and manage the vast range of operations at a higher level of detail, paving a path to new data-driven use cases.
Modern grid platforms
Grid modernization requires the use of robust, industry-standard servers on the Edge and platforms at the primary data center. Having a single, standard software-defined platform that streamlines and removes difficulties is crucial to this OT/IT convergence.
Utilities can track data from devices to enhance predictive maintenance, prevent disruptive outages, and decrease expensive customer and regulatory fines with the help of Edge and IoT solutions.
Supply and demand prediction
The flow of energy from intermittent power sources increases the need for Edge and IoT solutions that provide operators real-time insights that are required to balance supply and demand. Streaming analytics at the Edge helps utilities manage electricity generation and consumption, handle peak demand more appropriately and take proper action when required.