Working on the improvement of energy efficiency always has been a core driver for the industry. And it has made tremendous progress in providing innovative technologies that contribute to the better utilization of fossil and renewable resources as well as generated power. Still, this is not enough to meet future demanding targets.
The energy system of tomorrow will need to produce much lower greenhouse gas emissions than the one we have today. In order to do so, it will have to master a much higher share of renewable energy sources, fluctuating feed-in volumes, and increasingly decentralized production at ever smaller power plants. This will require many different market operators and technologies to join forces, forming a complex power supply system with new business models. So, besides improvements to each part and piece of the hardware along the energy conversion chain, in the future digitalization will be key to running a stable and sustainable energy system and its parts.
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The market becomes manifold
The energy system has never been easy to handle. But with the new possibilities arising with digitalization, it has (and will continue to) become even more demanding to manage a sustainable energy system. At the same time, there will be many more opportunities for more players to participate profitably in the market.
Prof. Jacob Østergaard, Head of the Center for Electric Power and Energy at the Technical University of Denmark DTU, talks about the major trends and the impact of IT developments for market players.
New possibilities by smart digital technologies
More market participants produce much more data than ever. In a large gas turbine alone, for example, hundreds of sensors measure temperature, pressure, flow paths, and gas compositions every second. And all of them – producers, prosumers and consumers – have to be connected in a smart way in order to enable a stable operation of the Future Energy System. Given that there’s no other way than taking the opportunities of digitalization: State-of-the-art analysis methods are required to ensure this data is intelligently evaluated and utilized.
With a growing and constantly changing range of power generation methods, as well as new developments in power distribution, storage and consumption, the energy landscape is becoming more and more complex. Numerous small producers of renewable energy, for example, supplement the familiar picture of large power plants. This, in turn, calls for “smart grids” to handle fluctuating feed-ins. Let us take you on a journey through the complete energy landscape and its many interdependencies.
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Together with its customers, Siemens analyses their requirements for energy systems and develops tailored solutions that address their challenges along the entire energy conversion chain. Siemens’ portfolio includes technology and expertise for an economically efficient and reliable power supply, which accounts for resource scarcity and helps to protect the climate. Enter the virtual showroom to get an overview.
What we hold in stock for youSiemens products cover the complete energy conversion chain from the various types of power generation to power transmission and distribution leading to all forms of energy application. Find here an overview of our expertise and services and discover what's possible.
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