The future of power generation is responding to the fundamental shift in how consumers use power and how utilities provide it. Renewables like wind and solar are increasingly responsible for greater shares of generated power. Smart grid technologies deliver real-time and up-to-the-minute information. Batteries now provide more than reserve power, with load shifting and the sale of power back to utilities becoming real cost saving and revenue enhancement options.
These shifts in generation and consumption mean utilities must work to modernize operations. And those who embrace new technologies and connected devices stand to see efficiency gains and improved profitability.
Data and analytics garnered from intelligent technologies and connected devices are laying the groundwork. However, new system components often introduce unforeseen compatibility and management issues. So utilities not only need modern solutions – they need modern solutions that work with what they’ve already got.