It used to be that the quality of infrastructure was measured by its lifespan. Water systems might last a century, and power plants at least half that. Those were measurements of solid assets, well worth the investment. But today, dependable infrastructure is just not enough. While it must be resilient and have an extended life… Keep reading →
The Industrial Internet of Things (IIoT) is transforming the way the energy business is conducted by creating billions of data points that can be harnessed and turned into actionable intelligence for improving operations and efficiencies. There is no greater evidence of the importance of the IIoT than the innovations of two of the largest technology… Keep reading →
Adam Stein (left) and Tom Arnold (right) became friends at the Wharton School of the University of Pennsylvania and together co-founded TerraPass, a pioneering greenhouse gas management company. This business partnership continues today at Gridium, where Adam is President and VP of Product, and Tom is CEO. Buildings use Gridium software to operate more efficiently,… Keep reading →
Demand response firm EnerNOC yesterday announced it will acquire Canadian data and analytics firm Pulse Energy. The deal highlights how energy companies – particularly in the utility sector, but also oil & gas – are increasingly becoming technology companies. “The acquisition is yet another example of how industries that previously weren’t driven by digital technology,… Keep reading →
Record setting US oil production growth is altering physical oil flows, flipping supply-demand fundamentals and leaving market observers searching for tools that can provide insight into these new price formation elements. Pipeline reversals and infrastructure expansion along the Gulf has debottlenecked the Cushing, Oklahoma storage hub, which has redrawn traditional oil grade basis differentials. Energy market… Keep reading →
In an August article for McKinsey Insights the authors – Stefano Martinotti, Jim Nolten, and Jens Arne Steinsbø – write that “the rapid progress of technology such as big data and analytics, sensors, and control systems offers oil and gas companies the chance to automate high-cost, dangerous, or error-prone tasks”, thereby positioning themselves to significantly… Keep reading →
A Marquette political science teacher is taking a year off to focus on a business that allows smart phone users to pool water, power and natural gas usage data so as to more effectively manage consumption. It’s interesting because the application does the job smart meters promise without waiting for their truncated deployment or relying… Keep reading →
Tools that offer effective communications between utilities and their customers have opened up a broad range of new business opportunities, especially in the field of data analytics. There has been no shortage of commentary on the importance of understanding the reams of data now available to utilities from “smart” technologies if that data is to… Keep reading →
