Getting to the point of the digitalization of Energy in a holistic way, not piecemeal as in the past is going to take a massive mindset shift within the energy industry. We need a dedicated internet of energy that brings energy together in ecosystem designs and platform delivery.
There are so many pressures to invest fresh capital to replace existing aging infrastructure, to adapt energy sources increasingly to accommodate renewables, and to build out the resilience within the energy system, adding new storage options and reduce the variabilities and demand fluctuations.
You can go on and on in need to invest in a very challenging, changing environment for energy. Layering-in digitalization on top just adds to the need for change, we need to fully integrate it as a core necessity.
Having a greater insight and understanding of the management of energy is going to prove crucial in the future and “going digital” provides the essential energy transformation we need, being connected up.
I certainly feel we are on the cusp of a new digital era in energy. Digital technology has been involved in the energy system for decades but its time is now to be central to any new energy management system. We need to manage not just individual assets but manage the ‘connected’ energy system from the supply, through transmission into demand.
Digitalizing the energy system can provide much of the understanding of where, when, and what to invest in and validate the why in the relevant data supporting. We need a clear line-of-sight and data needs to deliver transparency and insights to all involved in managing or providing and consuming energy. Continue reading “Building the Internet of Energy”
I have just finished the third and final day of panel events offered by #SiemensEnergyME in their #EnergyWeek. I took the time to attend all of the panels, the debates, the complexities, and the significant differences as starting points in the #energytransition we are all undertaking was well brought home.
The panels were full of highly knowledgeable people, the hands-on ones that are dealing with the energy issues of today each day, and thinking through the ones for tomorrow. Siemens drew in Ministers, CEO’s, Senior Management, CFO’s, CTO’s and Director-Generals to offer insights and create the atmosphere for what I would call “creative tension” that good knowledge brings to a debate.
So I have just finished up my second day at the Siemens Energy Middle East & Africa #EnergyWeek. A completely different day that took the second theme of innovation into a deeper dive around tackling the decarbonization of the hydrocarbon industry, followed by digitalizing the energy industry and a final panel about preparing societies for energy evolution
It was a mixed bag for me. Innovation is my core topic, and energy is my major focus area to apply innovation to, so this was a day of expectations and insights. I am sorry it is a little longer than I would have liked but here you go:
I am attending a virtual event held by Siemens Energy focusing on their Middle East and African region during their #EnergyWeek.
There are three days of focused panels discussing areas around Transformation, Innovation & Sustainability in Energy within these regions.
For me, it is highly valuable. I have had periods living in the Middle East and Africa, the experiences hold many of my important moments over a business career that eventually covered living and working across six continents.
The energy transition needs to re-design around a global energy system built on clean, renewable energy.
We need an energy revolution. Let me explain this in brief:
A unique part of the energy transformation we are presently undertaking is how complex this is. The change requires a massive overhaul to reduce not just our carbon emissions but to put in place radical solutions on how we generate, distribute, store, and consume energy in totally different ways than the present.
Our present dependence on fossil fuels needs us to drive exponential growth in renewable energy, such as wind, solar, and water, to achieve this change in our energy system.
We are currently locked into a ‘battle of the energy ecosystems.’ where our very existence is requiring one side to win, it simply must, renewable clean energy must be more dominant in all the investments we are making today and in the future.
This ecosystem battle is between those that are highly vested in the fossil-based energy supply system of today and those that are forcing change into a more renewable reliant energy system as quickly as possible. Stating a wish to move to renewables needs absolute clear, concrete, committed actions, backed up by demonstrable investments, away from fossil fuels.
In the energy transition, we require, we are pushing so much of the principles and theories of ecosystems to the maximum test in the outcomes we wish to achieve. The pathway to move from reliance on fossil fuel energy to renewables is long, complex, and fraught with risk. Yet the risks need to be taken. Continue reading “The Battle of the Energy Ecosystems Is Looming”