Many aspects in the electricity retail industry are converging—a surge in uptake of electric vehicles, continued rollout of smart meters, energy contribution from the demand side, and a smarter grid, together, are setting the groundwork for the future’s electricity retail landscape. A combination of hardware and software brought about by custom requirements is what makes the concept of IIoT an opportunity not to miss. With IIoT, next-generation sensors are installed across the plant, monitoring each and every movement. A new control architecture and operating platform is designed and developed based on artificial intelligence and is installed.
Though the concept of digitization and leveraging of data has been around for a number of years, only recently have organizations started to realize the potential it holds. This presentation will outline the potential for data monetization, explore different business models and also provide use cases across different segments within the power and utilities sector. The following summarizes key parts of presentation:
As EVs continue to disrupt the mobility ecosystem, the role played by charging solutions in the 2020s will be crucial in how effectively the ecosystem develops. This will more so as utilities, technology solution providers, and major oil and gas firms look to target an area which effectively bridges power and mobility. Although a nascent industry, various innovative charging solutions are disrupting the industry as it looks to firmly establish itself on a mass market scale.