Empowering the Future: Navigating Digital Transformation in the Global Energy Sector

Energy Transition Opportunities

The global energy transition is changing the way the world generates, transmits, and distributes electricity. New technologies are advancing the way the global energy market is operating and will continue to develop and improve as additional research is done. Successful use cases are vital in proving the viability of new equipment, software, and methodologies at scale. Krishnan & Associates helps new green technology developers identify and approach pilot sites for innovative solutions. Once data it collected by the pilot installation that information can be packaged in a white paper and published in key energy industry trade magazines to publicize the success and highlight the value that new technologies can bring to the market.

Below we have identified some of the key influences on the market that are spurring the development of such new and innovative technologies as the market finds ways to overcome challenges and take advantage of new opportunities.

 New Green Technology Deployment

  • Includes Hydrogen, fuel cells, CCUS, H2 & CO2 transportation, EVs, and energy storage.

  • CAPEX and OPEX for projects remain high.

  • Efficiency remains poor, and commercial viability is yet to be proven in many cases.

  • Land requirements, pipelines, storage, and rare earth minerals remain critical.

  • Infrastructure funding remains scarce in the UK and LATAM compared to the USA.

  • Regulation is yet to be promulgated in many cases, and delays are expected in permitting, public comment.

  • Technology scalability is yet to be proven.

Supply Chain Greenflation

  • Greenflation: Rising Metal Prices Energy transition technologies, like tin, aluminum, copper, nickel, and cobalt, surged by 20% to 91% in 2022, triggering "Greenflation.

  • Resource and raw material availability uncertainty affects project costs.

  • Insufficient regulation and government support to address Greenflation.

  • Global geopolitical tensions: Russian-Ukraine crisis, US-China relations, Middle East conflicts, and India-China-South China Sea dispute.

Grid Modernization

  • Spending on Grid Modernization in USA alone is expected to exceed $29 billion (IIJA).

  • Modernizing the grid enhances operators' capacity to monitor grid conditions, analyze them using software, and promptly take appropriate actions in near-real time.

  • State regulatory agencies may not always have a clear visibility of the investments required for grid mod.

  • Smart grids are susceptible to cyber attacks.

  • Data Privacy is a concern.

  • Supply chain issues are causing delays, increasing costs, and adding complexities to grid modernization projects.

Digital Transformation

  • The Energy Sector's Digital Transformation Market to Surpass $1 Trillion by 2030.

  • Digitalization assists in improving the safety, productivity, accessibility and sustainability of energy systems.

  • Digital Transformation can make energy systems more vulnerable to cyber-attacks

  • Privacy and data ownership are also major concerns for consumers.

  • Heavy dependence on third parties once the plant is digitalized.

  • Large investments in Automation, AI and ML solutions.

Decentralization of Energy

  • Decentralized energy systems optimize renewable energy and CHP, reducing fossil fuel use and increasing eco-efficiency.

  • Decentralized energy systems generally have higher capital costs/kW compared to large central plants.

  • High interconnection transaction costs is a challenge in decentralized energy systems.

  • Unplanned decentralized projects result in grid instability.

  • Robust maintenance, monitoring, and response mechanisms are essential for the decentralized system.

  • Consumer engagement for realizing the full potential of decentralized energy.

K&A helps generate leads, proposals, and sales for Business Development to the Energy and Power Industry

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