Our industry's many challenges ahead, transitioning from fossil fuel to renewable energies, cost-effective solutions, virtual testing and much more here shared by our industry director Niclas Wetterstrand during his visit to CIGRE Paris 2024.
🌍 The Renewable Transition: A Game-Changer for the Power Industry, but Are We Ready? At CIGRE 2024, Niclas Wetterstrand, Global Industry Director for Utilities at Megger, shared his insights on the massive challenges facing the power industry as it transitions from fossil fuels to renewable energy. Niclas explained, “Electricity is the solution for the future, and we're moving from fossil fuels to renewable electricity. With this massive expansion, there are many challenges—how to do it cost-effectively, how to do it safely, and how to ensure security." The rise of distributed energy resources (DERs) means that power flows are no longer one-directional. This shift toward bi-directional energy flows introduces new complexities for grid management. Grid operators must now balance cost-efficiency, safety, and security while integrating these new resources—a task that requires innovative strategies. Niclas highlighted Megger’s efforts (https://lnkd.in/de33s-y7) to tackle these challenges through virtual testing and simulations. These approaches ensure that protection schemes are tested and optimized before deployment, reducing risks and costs. Watch the full interview here: https://lnkd.in/dTcYc7cq #RenewableEnergy #PowerSystems #EnergyTransition #GridChallenges #MEGGER #CIGRE2024 #DistributedEnergy #VirtualTesting