What is smart grid analytics?

The power sector is facing major challenges today; among the most pressing are access to reliable and affordable energy and a decentralized production from renewable energy sources. This requires the utilities to move from a traditional, one-way distribution of electricity from producer to consumer, to a modern distribution grid with prosumers and where the customer and environment are in focus. These challenges can only be met by a digitalized grid – in other words, a smart grid.

A crucial step in this transformation is to start collecting data from different points in the grid. The collected data is analysed to provide smart grid analytics – which is essentially the base for moving toward data-based decision making.

Smart grid analytics can be used throughout the energy distribution process; analysing data in energy production, in the transmission and distribution in the grid and finally in consumption. dLab targets the distribution grid segment with dInsight Analytics Platform, a collection of products and services installed in the primary substations, analysing the medium voltage grid, 10-40 kV.

Smart grid analytics is estimated to grow significantly over the coming years; a 2019 report from Frost & Sullivan indicates a CAGR (19-25) equal to 10,4%, reaching a market value of $2,31 bn USD by 2025(*).

(*) Frost & Sullivan, Global Smart Grid Analytics Market, Forecast to 2025 Big Data Analytics to Drive Utility Energy Management, Cost Reduction and Equipment Reliability, July 2019.


FAQ

What is smart grid analytics?

The power sector is facing major challenges today; among the most pressing are access to reliable and affordable energy and a decentralized production from renewable energy sources. This requires the utilities to move from a traditional, one-way distribution of electricity from producer to consumer, to a modern distribution grid with prosumers and where the customer… Read more »

Why is AI the key driver for smart grid?

The transformation from yesterday’s grid – defined as a one-way energy transmission between producer and consumer – to the grid of the future, where there is a need for a two-way communication of data and energy, requires a whole new set of innovative solutions. Transforming the grid into a vast network of intelligent nodes will… Read more »

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