The whole power industry is in transition with significant changes and new challenges for the energy systems. These challenges include the integration of renewable and decentralized energy sources, the need for continuous grid optimization, and the inclusion of increasing numbers of consumers becoming producers, so called prosumers, of electrical power.
Digitalization is penetrating the entire energy conversion chain from generation through transmission and distribution to the consumer/prosumer including trading and has the potential to change the very nature of the existing power infrastructure. Digitalization serves as basis to create new business models and revenues for players in the power industry.
Bloomberg New Energy Finance is examining the key drivers of the digitalization in the energy landscape. The Whitepaper “Digitalization of energy systems” investigates how gathering of data, network management and accompanying analytics can transform the energy sector. How digitalization can deliver benefits in the three key areas: reliability, efficiency and affordability.
With an experience of more than 100 years in the energy market, Siemens is providing solutions to create benefit for its customers in these areas. With its vast experience in the energy business, the company is constantly reinventing, adapting and charting new territory. Today, Siemens is among the top ten software companies worldwide with revenue of its digital business reaching annually about 4.3 billion Euro. Siemens’ ambition is to become the global leader in industrial technology and a powerhouse in digitalization.