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New technologies are shaping the way we produce, distribute and consume energy. alone has installed nearly 10,000 electricity generation units, connected by more than 300,000 miles of transmission lines and capable of generating over a million megawatts of energy. Software and analytics: Smart grids generate massive amounts of data.
Renewable energy is energy produced from Earth’s natural resources, those that can be replenished faster than they are consumed. Shifting to these renewable energy sources is key to the fight against climate change. For example, flow battery technology is being improved to support grid-scale energy storage.
Renewable energy is energy produced from Earth’s natural resources, those that can be replenished faster than they are consumed. Shifting to these renewable energy sources is key to the fight against climate change. For example, flow battery technology is being improved to support grid-scale energy storage.
In the era of digital transformation, digital twins are emerging as a potent solution to energy production challenges. The twin will continuously collect data from the physical asset and use predictive analytics and machine learning (ML) algorithms to predict future performance. The use of digital twins is one such innovation.
EAM systems are a combination of advanced analytics, management tools and services that work together to maintain (or control) the performance of operational assets. EAMs optimize the quality and utilization of physical assets throughout their lifecycle, increase productive uptime and reduce operational costs.
For example, a digital twin of a wind turbine can simulate the impact of changing wind speed and direction on the turbine’s performance, helping operators make informed decisions about maintenance and energy production. Explore how digital twins can optimize the performance of your assets in a sustainable way What is a digital thread?
It also helps organizations more easily manage and maintain equipment, utilizing cloud storage and facilitating communication between enabled equipment to create more flexible, agile manufacturing systems that can adapt quickly to changes in demand. Industry 4.0 IDG infographic to understand how you can unlock Industry 4.0
Vibration analysis—a component of condition monitoring systems—utilizes vibration sensors to measure frequencies in an asset and detect abnormalities that may indicate a problem. Improved energy efficiency: Faulty machinery often consumes more energy than it should, leading to increased operating costs.
The oil and gas industry remains an integral part of the energy landscape, but it faces a number of modern challenges, including volatile market conditions, expanding environmental regulations and the growing need for operational efficiency. But the future of EAM in the oil and gas industry is not just about adopting new technologies.
New developments in renewable energy are making headlines and inspiring hope in communities worldwide, from a remote Arctic village working to harness solar and wind power under challenging conditions to a U.S. Air Force base planning an advanced, utility-scale geothermal power system. Let’s take a look at both.
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