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On September 22, 2022, the Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) regarding Incentives for Advanced Cybersecurity Investment, requesting comment on proposed revisions to regulations implementing the Federal Power Act (FPA).
The theme explores, how can we catalyze energy, climate and nature action through innovative partnerships, increased financing and the deployment of frontier technologies. Knowledge reimagined To grow energy reliably, safely, and sustainably, knowledge will have to be reimagined.
1 The ratio between man and machine All industries use machines, yet the energy and resources sector including utilities , oil and gas , chemicals , and metals & mining industries is the most capital intensive. trillion of annual capital investment is made in the energy industry today and by some estimates will grow to $9.2
To assist utility companies, IBM has created the Clean Electrification Maturity Model (CEMM) in conjunction with the American Productivity & Quality Center (APQC). Companies that harness AI and data analytics can also make clean energy more viable overall by increasing their cost competitiveness over legacy energy sources.
. “Norton Crypto is a feature made available in Norton 360 which you can utilize for mining cryptocurrency when your PC is idle. Currently, Norton Crypto is limited to users with devices that meet the required system requirements.” ” states the FAQ page for Norton Crypto. ” states the company.
Utilities Digital Journey Insights (Part 5): Utilities decentralize organizational models to meet consumer needs. To gain the true value of digital transformation, utilities are embracing more dynamic and autonomous organizational structures that enable them to make decisions closer to the customer.
Data Encryption Shields the Energy Sector Against Emerging Threats. The energy sector is part of the critical national infrastructure (CNI), and delivers services that are essential for modern life. Energy services companies are a lucrative target for adversaries. Wed, 01/13/2021 - 09:42. Cybersecurity challenges. A recent U.S.
Mint Sandstorm also used custom tools in selected targets, notably organizations in the energy and transportation sectors. The group rapidly weaponized N-day vulnerabilities in popular enterprise applications by using publicly disclosed POCs.
As more countries, companies and individuals seek energy sources beyond fossil fuels, interest in renewable energy continues to rise. In fact, world-wide capacity for energy from solar, wind and other renewable sources increased by 50% in 2023. What is renewable energy? trillion in 2023. trillion in 2023.
European cooperation on flexibility to accelerate the energy transition. Early in September, we invited a number of our clients from around Europe to participate in a roundtable discussion on energy flexibility. Current energy pricing has little headroom to incentivize consumers to engage in flexibility. kathy.jacquay@….
Encoders, for instance, consume significantly more energy than decoders – sometimes as much as 5 to 10 times as much energy, in comparison. Optimizing energy use Carbon footprint assessment must encompass all direct and indirect emissions within the value chain. Embracing energy-efficient design principles.
Renewable energy , also known as clean energy, is produced from natural resources that are generated and replenished faster than they are consumed—such as the sun, water and wind. Most renewable energy sources produce zero carbon emissions and minimal air pollutants.
Renewable energy is critical to combatting climate change and global warming. The use of clean energy and renewable energy resources—such as solar, wind and hydropower—originates in early human history; how the world has harnessed power from these resources to meet its energy needs has evolved over time.
In a warming world, the transition from fossil fuels to renewable energy is heating up. Global capacity for renewable power generation is expanding more quickly than at any time in the last thirty years, according to the International Energy Agency (IEA). And by 2028, 68 countries will boast renewables as their main source of power.
Strategize your next move to become a utilities leader, delivering value at scale and pace. Each year, we meet face-to-face with business and IT executives around the world to gather their perspectives on the trends affecting their enterprises. Utilities also must design organizations that can generate ideas and value faster.
My takeaways: Bungled innovation Digital trust refers to companies meeting the reasonable expectation that the digital services they offer not only protects users, but also upholds societal expectations and values. Assure that these policies are enforceable.
Delivering on the benefits of data: How utilities can get the first-mover advantage. With the energy transition underway, there is a similar bold “rethink” taking place in the way energy companies view solutions, particularly around managing data. ravi.kumarv@cgi.com. Tue, 04/16/2019 - 04:29. Data is fuelling the future.
Embracing digital technologies to build a low-carbon society: Are local energy communities the answer? Are local energy communities the answer? The current energy system is demand led and is a centralized top-down system—essentially one-way traffic from production to consumption. Creating a self-sustaining energy ecosystem.
AI tools like ChatGPT are grabbing headlines, but other AI techniques and tools specifically designed for enterprises are quietly helping companies meet their sustainability goals. Discover the current and emerging use cases for AI in waste management, optimization, energy reduction and ESG reporting. Where to next?
As the energy landscape evolves and wholesale costs continue to rise, utility companies are under increasing pressure to meet the expectations of consumers and shareholders. From smart grids to smart meters and even smarter … The post How to deliver operational excellence in utilities appeared first on OpenText Blogs.
From taking a shower, to brewing your coffee, and watching the news, your morning routine is fueled by the energy sector. But the energy sector also underpins our emergency and response systems, our hospitals and healthcare, our schools, our businesses, and virtually everything we do as a society. The Rising Threat.
Because technology changes faster than regulatory standards, in 2020, FERC staff “reasoned that an incentive-based framework would allow a public utility to tailor its request for incentives to the potential challenges it faces and take responsive action. Background.
Humanizing utility assets: A new approach to using assets to drive automation. As utilities around the world navigate the path to digitalization, addressing growing customer expectations, the pressure to move to a low carbon economy, and changing operating and business models has become critical. Wed, 12/05/2018 - 00:35.
But flash floods, hurricanes and winter storms also profoundly impact utilities. Today, utilities are meeting these challenges and risks with innovation by leaning on data and AI to prepare for the next event. Identifying at-risk assets in advance is a main challenge for utilities.
Are central markets the answer to commoditizing energy flexibility? These parties trade energy using forecasts based on long-term standard patterns of usage at the residential level, now disrupted by local PV installation. The effective application of energy flexibility is needed to address these issues. Thu, 08/01/2019 - 01:09.
As carbon emissions reporting becomes common worldwide, IBM is committed to assisting its clients in making informed decisions that can help address their energy demands and associated carbon impact while reducing costs. It helps identify energy or carbon hotspots to develop an optimization roadmap.
We believe there are three core areas that every organization should focus on: sustainability strategy and reporting; energy transition and climate resilience; and intelligent asset, facility and infrastructure management. At IBM, we act as “client zero” for some of our own solutions.
Electrification: a lottery ticket that utilities must claim. Utilities face a fundamental dilemma. Due to unprecedented pressure to support the move to an energy-efficient and low-carbon system, they face the paradox of encouraging consumers to consume less of what they sell and distribute—electricity. Wed, 09/27/2017 - 07:00.
That pace is unlikely to slow down over the coming years; Pagely noted that organizations are still turning to IoT devices as a way to automate and optimize their business processes as well as save on energy costs. Meet security compliance regulations. billion in number and generate 79.4 zettabytes (ZB) of data by 2025.
Key strategies and technologies to help utilities respond to a “storm” never seen before. For more than three decades, I served at a leading electric utility, responding to numerous storms to keep the lights on for customers and to support critical infrastructure. COVID-19 considerations and how technology can help.
Utilities Digital Journey Insights (Part 2): Unlocking executive priorities for innovation. This series of blog posts builds on the 2018 CGI Client Global Insights, providing insights into how utilities are making progress toward digital transformation. Utilities recognize the need to accelerate the pace of change.
Your digital carbon footprint includes emissions from the software delivery process--planning, coding, building, testing, release--in addition to energy consumed from customer use. Decrease your individual energy output with automated tests executed on the cloud. Reduce the footprint of your system under test through virtualization.
Utilities Digital Journey Insights (Part 1): Why are utilities playing catch-up in the race to digitally transform? This series of blog posts builds on the 2018 CGI Client Global Insights, providing insights into how utilities are making progress toward digital transformation. What is holding utilities back?
Markets and Use Cases LookingGlass is suitable for all verticals, with particular uptake when utilizing it in a third-party risk monitoring capacity. With roots in the NSA, the four main sectors adopting LookingGlass include defense, energy, financial, and government.
For instance, when utility officials are aware that a heat wave is on its way, they can plan energy procurement to prevent power outages. 3 While the transition from fossil fuels to clean, renewable energy sources is already underway, accelerating this transition could help further limit emissions, even amid rising global energy needs.
At its October monthly meeting, the Federal Energy Regulatory Commission (the “Commission”) adopted new reliability standards addressing cybersecurity risks associated with the global supply chain for Bulk Electric System (“BES”) Cyber Systems. These standards have been in development for some time.
federal government is actively seeking opportunities to assist private and public organizations in meeting the cyber challenges of today. Untrusted proprietary technologies that fail to meet these standards pose lingering threats to their clients and inefficiencies. Policy and Standards. How 5G Goes Beyond 4G.
Meeting SLAs Because of a data center’s complex multi-vendor environment, it can be difficult for data center managers to ensure all SLAs are being upheld. lighting, cooling, etc.) Every element of a data center also has unique processes and procedures to follow when implementing patches or upgrades.
As cloud computing continues to transform the enterprise workplace, private cloud infrastructure is evolving in lockstep, helping organizations in industries like healthcare, government and finance customize control over their data to meet compliance, privacy, security and other business needs. billion by 2033, up from USD 92.64
Companies are using predictive models to anticipate emerging consumer preferences, design products that meet precise market needs, and optimize pricing strategies in real-time. IoT (Internet of Things) sensors enable real-time monitoring of carbon emissions, waste reduction, and energy consumption across global supply chains.
Power utilities have an infrastructure that spans vast areas, and failures can affect many businesses and consumers. For example, blocked roads can prevent people from attending important hospital appointments, meetings or family celebrations, and hinder emergency services such as ambulances and fire trucks from reaching an emergency.
On October 5, 2010, the Department of Energy (“DOE”) released a report entitled “Data Access and Privacy Issues Related to Smart Grid Technologies.” The idea behind the Smart Grid is that electricity can be delivered more efficiently using data collected through monitoring consumers’ energy use.
The anonymous survey covered the utility, energy, health and transport sectors – industries renowned for keeping their activities secret because they store highly sensitive information and are responsible for essential services. Want NIS Regulations compliance advice?
Are there learnings for the utilities industry from an augmented reality game’s incredible 19-day time-to-market, or the possibility that flying taxis could become cheaper than owning a car? Providing data that meets standards for both quality and legality will help to build trust in the marketplace driving a network effect of data. #4
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