navitasoft’s Post

Renewable energy demand will triple in the next seven years as AI and data centers reshape power needs. Industry experts reveal how this shift is driving growth. Explore the trends that could fuel new opportunities for your business. Read the full article. https://lnkd.in/gAvAi9M6 #B2BCommerce #AI #Energy #AppDirect

Renewable energy demand will triple in the next seven years as AI and data centers reshape power needs. Industry experts reveal how this shift is driving growth. Explore the trends that could fuel new opportunities for your business. Read the full article. https://lnkd.in/gAvAi9M6 #B2BCommerce #AI #Energy #AppDirect

The energy sector is facing significant challenges due to the transition to renewable sources and increasing regulatory pressures. By 2040, it's projected that renewable energy will account for 50% of global electricity generation, putting immense pressure on traditional energy systems. The need for sustainable practices and efficient energy management is reshaping the industry landscape. To meet these challenges, energy companies are turning to automation and smart grid technologies. Three strategic pillars are key: Actionable Insights: Real-time data analytics provide deep insights into energy consumption and grid performance. For example, smart meters have improved energy efficiency by 20% and reduced outage times by 15%. Augmented Workforce: Connected tools and AI-driven platforms enhance worker safety and operational efficiency. Power plants using predictive maintenance systems have seen a 30% reduction in downtime and a 25% increase in asset lifespan. Optimized Quality: Automation and machine learning streamline energy distribution and compliance. AI-driven grid management systems have cut operational costs by 40% and improved reliability by 20%. These technologies not only address current industry challenges but also create opportunities for innovation and growth. Automation and AI are not just improving efficiency; they're transforming the energy sector into a more resilient and sustainable industry. By adopting these solutions, energy companies can stay competitive and meet the evolving demands of the market. Stay ahead in the energy tech revolution and learn more about these innovations by joining "EnergyTech Innovate". #Energy #RenewableEnergy #AI #Industry40 #DigitalTransformation #FutureOfEnergy

AI is proving to be transformative in helping to forecast and provide accurate, insights-led knowledge of renewable energy at a specific location, at a given time. Hybridisation builds upon that operational transformation and enables decision-makers to determine the best type of renewable energy to use or exploit in order to improve efficiency, reduce downtime and optimise performance. #renewableenergy #AI #globaleconomy #climatechange #actnow #gridmodernization

🔋 Is efficient energy storage crucial for the expansion of renewable energy? 🔄 https://lnkd.in/eyUWfeT7 Redox Flow Batteries offer a scalable, non-flammable solution – yet without an integrated energy management platform, their potential is not fully utilized. 👉 A project (NDA) with Novatec Consulting GmbH on Cloud-Power for efficient battery storage ☁️ 💡 Challenge: Operators of large projects such as PV parks need efficient, scalable storage solutions that meet complex legal requirements while allowing for flexible control. 🛠️ Solution: Novatec Consulting supports a leading energy storage provider through a data-driven platform based on Microsoft Azure, which optimizes the operation of the batteries and opens up new revenue streams through "Energy-as-a-Service". For the full case study: https://lnkd.in/eyUWfeT7 📨 Any questions? 💬 Connect directly with Timo Fritz from Novatec on this topic! #EnergyStorage #CloudComputing #Red-Flow-Batteries #CRITICAL Catharina Glockner Matthias Krause Fabian Ritter

Most companies implement a scheduling process to try and maximise the efficiency of their operation whilst achieving production objectives. ‘Process Optimiser’ takes this to the next level by not only incorporating the rational for the scheduling plan, but also incorporating the time cost/value differential at different times of the day. GridBeyond’s platform processes all the relevant data via multi dimensional arbitrage and AI powered forecasting. This ensures any revenue values that may be available from the balancing market/ ancillary services/ wholesale market access/ and embedded energy shifting are also evaluated, thereby taking all variables in the round and giving the best view of the optimum scheduling plans to ensure the lowest cost of production. #processoptimiser #smartforecasting #gridbeyond

Hope you're powered up and ready for some electrifying insights! ⚡️ We've got something that’ll charge up your curiosity and light up your understanding of the future of energy. In a recent webinar, “Energy Transition Acceleration with Digital Twins,” hosted by our industry partner, the Digital Twin Consortium, Achalesh Pandey, VP of AI and Digital Transformation at GE Digital, turned the spotlight on the most pressing questions in the energy world. And guess what? We've wrapped his insights into one quick article just for you. 💡 Why should you care? 🌬️ What’s on the grid? 🤖 The Digital Twin Magic 🔮 Future-Proofing Our Energy 🔐 Challenges Ahead? Read the full story for these transformative insights: 👇 https://bit.ly/4bZ1i6c #DigitalTwins #AI #Energy #RenewableEnergy #Renewables #insights #EnergyTransitionAcceleration

How AI can help power energy systems in an age of renewables The increasing adoption of renewables is undoubtedly beneficial for the environment, but the intermittent nature of wind and solar power poses challenges for energy system operators. To address this, vast amounts of real-time sensor data are being collected from homes, enhancing forecasting accuracy. However, harnessing the full potential of this data requires the application of artificial intelligence (AI) to identify patterns, mitigate grid failures, and optimize energy redistribution for maximum efficiency. https://lnkd.in/dZsGc9_5

How can Finning UK & Ireland leverage AI to transform the clean energy transition? Kelly Cole, General Manager for Electrical Power at Finning UK & Ireland, explores how AI optimizes energy consumption, integrates renewable sources, and enhances grid management despite existing barriers. #CleanEnergy #RenewableEnergy #GridManagement

🔋 Powering the Future: Flexible, Dispatchable Grid Tech 🌍 In the rapidly evolving world of renewable energy, grid stability is becoming paramount. As we transition from inflexible, centralised power plants such as coal and oil, flexible and dispatchable power generation is the key to integrating renewable sources and stabilising electricity markets. By the end of this decade, renewable energy deployment is set to double globally, transforming our energy landscape. This advanced technology can respond instantaneously to fluctuations in energy output, meeting demand precisely when needed and reducing instances of negative electricity prices—a phenomenon on the rise across Europe. We specialise in identifying and attracting top-tier leaders capable of steering their organisations through this transformative period. Our research-based methodology, coupled with an in-depth understanding of the utility and power sectors, ensures that we find world-class talent to help our clients achieve their goals. The future of renewable energy is bright, and with the right leadership, your business can thrive in this new, dynamic environment. #RenewableEnergy #GridStability #Leadership