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Five Key Factors for a Future-Oriented Digital Transformation of Electric Power Enterprises

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At HUAWEI CONNECT 2020, IDC and Huawei jointly released the white paper for the electric power industry -- Building the Future-Ready Power Enterprise: Road to a Successful Digital Transformation. In the white paper, IDC proposed a methodology for the transformation of electric power enterprises. This methodology supports and aligns with Huawei's digital transformation methodology. IDC and Huawei follow a similar approach with frameworks and blueprints to help organizations design their digital transformation priorities and set their agenda, which in turn enables power enterprises to deliver business value of scale. The power industry has long faced disruption. Power enterprises are now facing multiple changes.


UK's bid to power every home via offshore windfarms by 2030 at risk

The Guardian > Energy

Britain's bid to build enough offshore windfarms to power every home in the country by 2030 risks being derailed by outdated regulation which is slowing investment in the electricity grid, according to one of the industry's biggest players. Germany's RWE has warned that work to connect the growing number of windfarms off the UK coast to the onshore electricity grid will not keep pace with the government's goals unless decades-old regulation allows for faster investments. "The one thing that is delaying our projects is the onshore connections," said Tom Glover, RWE's UK boss. We are getting to the point of concern over whether that 40GW target can be met purely because of the onshore grid. It is only the onshore grid which could stop this happening." RWE is one of the world's largest renewable energy developers and plans to spend just under one-third of its investment budget in the UK. However, many of its projects have been delayed because the company has not been able to secure a grid connection for their projects in time to compete in the government's contract auction rounds. "We would like to see some anticipatory investment in the onshore network so that we can get the offshore connected in time," Glover said. The cost of energy grid investments is ultimately paid through energy bills, which means they are carefully considered by the industry regulator, Ofgem, to avoid saddling households with the cost of projects which aren't necessary. "Ten years ago it was completely understandable that the energy system operator and Ofgem didn't want to support these anticipatory investments because you could waste a lot of money preparing the grid for projects which didn't come on line," Glover said. "That regime and thinking was suitable for the industry at that time.


New Scientist Reinventing Energy Summit

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The energy landscape: what is driving change in renewable energy markets? A record 15.2bn was invested in UK clean energy last year. Energy system transformation: where are we at and where are we going? What are the positive economic effects of emerging technology in energy? Hear experts from leading industry players including BP, British Gas and the Centre for Sustainable Energy as they explain the opportunities of applying artificial intelligence and machine learning to manage energy generation and consumption.


Clean energy projects stifled by Tory reforms, says Labour

The Guardian > Energy

Labour has accused the government of holding back clean energy projects in the UK by allowing energy networks to impose "outrageous" charges on renewables developers. This week, two of the six companies that run the country's local electricity grids began making green energy firms pay for an estimate of how much it will cost to connect their solar and windfarms. Previously the grid connection estimate was provided for free. However, it will now cost anyone hoping to connect a small renewable power station between £2,500 and nearly £10,000, even if they do not go ahead with the scheme. The shift was made possible by a government change to regulations earlier this year.


6 Startups Transforming Traditional Industries

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A couple of weeks ago, I shared with you the behind the scenes of Quantum SPARK, where I described how we created the concept and built the first POC Runway program. I also shared with you how we managed the intensive selection process, which led us to choose 6 amazing startups, out of over 100 that applied. Today, I'm happy to finally share the full list of startups participating in the first batch of Quantum SPARK! AutoTrust's mission is to automate driving. Their solution collects data from vehicles and enriches it with external data according to the vehicle location.