What Is DERMS and How Can It Help Utilities? [PODCAST]

Credit to Author: Aaron Larson| Date: Wed, 08 Jul 2020 23:09:37 +0000

The post What Is DERMS and How Can It Help Utilities? [PODCAST] appeared first on POWER Magazine.

the-power-podcast

A distributed energy resource management system, or DERMS, is a software platform used to manage a group of distributed energy resource (DER) assets—such as rooftop photovoltaic solar panels, behind-the-meter batteries, or a fleet of electric vehicles—to deliver vital grid services and balance demand with supply to help utilities achieve mission-critical outcomes. As a guest on […]

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How Digital Disruption Will Reshape the Maintenance Management Sector

Credit to Author: Bhupendra Choudhary| Date: Thu, 02 Jul 2020 12:14:10 +0000

The post How Digital Disruption Will Reshape the Maintenance Management Sector appeared first on POWER Magazine.

Power-plant-Digital

The imperatives of maintenance management have always been maximizing the availability, quality, and effectiveness of the equipment. And all of these must be achieved at the lowest possible cost in terms of machine and material. According to a report, the maintenance of manufactured products costs more than 30% of the operating costs. Over the past […]

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Hitachi Absorbs ABB Power Grids in New $10B Joint Venture

Credit to Author: Sonal Patel| Date: Wed, 01 Jul 2020 20:09:29 +0000

The post Hitachi Absorbs ABB Power Grids in New $10B Joint Venture appeared first on POWER Magazine.

Hitachi on July 1 commandeered a majority share of ABB’s lucrative Power Grids business and officially launched a joint venture company—Hitachi ABB Power Grids. The new company, which already has a volume of about $10 billion, is expected to provide financial muscle to support ambitious projects and new business opportunities as the sector embraces decentralization […]

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Minutes Matter in the Energy Imbalance Market

Credit to Author: Aaron Larson| Date: Wed, 01 Jul 2020 04:07:00 +0000

The post Minutes Matter in the Energy Imbalance Market appeared first on POWER Magazine.

CAISO-energy-imbalance-market-EIM

An energy imbalance market (EIM) is a voluntary market that provides a sub-hourly economic dispatch of participating resources for balancing supply and demand every five minutes. One such market is the Western

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How to Optimize Your Facility While Using Variable Quality Fuel Gas

Credit to Author: POWER| Date: Wed, 01 Jul 2020 00:00:00 +0000

The post How to Optimize Your Facility While Using Variable Quality Fuel Gas appeared first on POWER Magazine.

NOx-reduction-graph

The composition and heating values of fuel gas can vary from one moment in time to another. Using a Coriolis flow meter to obtain a mass flow measurement, rather than relying on a standard volume flow

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The POWER Interview: Optimizing Operations with IoT Technology

Credit to Author: Aaron Larson| Date: Tue, 30 Jun 2020 19:31:08 +0000

The post The POWER Interview: Optimizing Operations with IoT Technology appeared first on POWER Magazine.

IoT

Some experts have predicted there will be as many as 50 billion connected devices in service by the end of this year. That number basically includes all of the equipment, sensors, and gadgets around the world that together make up the internet of things (IoT). But how are they all connected, what allows them to […]

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[VIDEO] POWER Insights: Why Digitalization Has Been a Lifeline for Power During COVID

Credit to Author: Sonal Patel| Date: Thu, 25 Jun 2020 13:25:51 +0000

The post [VIDEO] POWER Insights: Why Digitalization Has Been a Lifeline for Power During COVID appeared first on POWER Magazine.

The COVID-19 pandemic’s impact on the power sector has so far been immense, resulting in supply chain disruptions, labor constraints, construction delays, restrictions on business activities, and, crucially, financial challenges. But according to Dr. Colin Parris, senior vice president and chief technology officer (CTO) at GE Digital, the sector’s response has been adaptive, and digitalization […]

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Big Data: The New Age of ‘Fortune Telling’ Requires Human Collaboration More Than Ever

Credit to Author: Bryan Friehauf| Date: Tue, 23 Jun 2020 18:26:44 +0000

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digital-technology-connected-plant-iiot

Ancient Chinese fortune tellers used heated metal pokers to create cracks in bones or empty turtle shells. By reading the patterns in the cracks, they attempted to calm the unease that comes with the innate uncertainty of the world—especially the ancient world. They predicted the future and doled out advice that affected the fate and […]

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How AI is Making Virtual Home Energy Audits a Reality

Credit to Author: Abhay Gupta| Date: Tue, 23 Jun 2020 13:22:54 +0000

The post How AI is Making Virtual Home Energy Audits a Reality appeared first on POWER Magazine.

One of the most dramatic lifestyle and business outcomes of the pandemic has been the acceleration of digitalization and online engagement. Tasks and interactions once predominantly conducted in-person have moved online, and digital and virtual lifestyles are normalizing. For utilities and energy retailers, this evolution has sparked the need to drive a more resilient approach […]

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The POWER Interview: Modernizing the Grid with DERs

Credit to Author: Darrell Proctor| Date: Mon, 08 Jun 2020 20:42:19 +0000

The post The POWER Interview: Modernizing the Grid with DERs appeared first on POWER Magazine.

Energy industry experts have for years talked about the need to modernize the power grid. The focus can be on replacing and upgrading infrastructure, improving the efficiency of power delivery through digitization and smart grid technologies, or on the dispatch of renewable energy resources. Often, it’s all of the above. Industry analysts know that a […]

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