Utilities are using only one fifth of the data they collect and create in analysis that can create efficiencies and improve performance, GE says, and the industrial giant is turning up its information technology efforts to help those companies better see and optimize their surging data agglomeration.
The new Grid IQ Insight analytics platform that GE is launching at this week’s high-profile DistribuTECH conference is part of the larger company’s focus on the “industrial internet,” a wave of monitored and intelligent infrastructure that can wring $150 billion of unrealized efficiencies out of the economy, Grid IQ insight product line leader Giri Iyer told Breaking Energy in a recent interview. Keep reading →
Reliability has long been the most important element of operations to electricity generators and providers; the modern economy has been built around it. But as new technology evolves rapidly in management of energy consumption and both financial and regulatory limits remain on a comprehensive rebuild of the US electricity industry, the sector has found itself stuck mid-disruption.
A belief that smart meter installation would somehow finish the job of making any utility a connected, operationally forward-thinking powerhouse has been proved wrong by the substantial number of smart meter installations that have failed to alter any part of traditional utilities’ businesses (in many cases data is not even collected, or if collected isn’t acted on). The inability of all the different pieces of the energy system to “speak” to each other electronically has in many cases made traditional reliability practices futile, while not quite bringing the new reliability systems into full practice. Keep reading →