A solution for rapidly increasing electricity demand!
According to Ericsson's new report, electricity demand is expected to increase at a compound annual growth rate of 2% over the next 20 years, mainly due to industrial motors, space cooling, appliances and electric vehicles.
Ericsson, in collaboration with Arthur D. Little, highlighted the important role cellular technology plays in the digitization of the energy industry in its report, Connected Energy Utilities. In a conjuncture where energy costs and demand for electricity are increasing, the report underlines that electricity distribution companies benefit from cellular connectivity to reduce the difficulties encountered in meeting the needs of the rapidly developing electricity grid and consumer demand profiles.
A solution for rapidly increasing electricity demand!
The report also discusses a vision for the near future where infrastructure institutions providing electricity distribution and similar services expand their capacity, optimize infrastructure utilization, improve grid reliability and increase operational efficiency through a reliable network.
A solution for rapidly increasing electricity demand!
Energy giants face new challenges in cost control and cybersecurity, as well as growing demand and the ever-changing mix of energy resources. The report states that while energy demand is expected to increase at a compound annual growth rate of 2% over the next 20 years, energy sector players must invest in new technologies to meet demand and provide the best service to consumers.The report also highlights the changes in the energy value chain. As renewable energy sources become more accessible and applicable, consumers are turning into "producing consumers" with solutions such as residential rooftop photovoltaic solar energy systems, and starting to supply energy to the grid.
Thus, the energy value chain is getting out of the traditional one-way flow and gaining a cyclical structure. In the next 10 years and beyond, 4G LTE technologies are expected to play a critical role in managing the two-way energy flow with producing consumers and fluctuations in power generation due to renewable energy sources, with 5G connectivity coming into this equation in the future.
Koustuv Ghoshal, Ericsson Vice President and Head of Infrastructure Services, said: "Cellular connectivity is accelerating the digital transformation of energy companies. Considering that the electrical infrastructure has an operational life of approximately 50 years, the connection technology will provide comprehensive business value in the coming years, and the energy sector will be "As its scope expands, renewables are included in power generation methods, and transmission/distribution networks become more complex, it is vital that the energy sector continually advances by integrating advanced cellular technology."
This technology, whose various benefits have already been proven, positions digitalization at the top of the productive business activities, in addition to supporting internal communication, employee safety, automation, user experience and insight-based innovation. While cellular technology is still in its infancy, it is already being used in areas such as real-time data exchange, automatic grid failure detection, distribution automation, connected EV charging, and building energy management and optimization. Ericsson's report also sheds light on future use cases, such as remote site drone inspections, augmenting the workforce with digital tools, modernizing legacy communication systems and implementing predictive maintenance, in collaboration with organizations around the world such as Thales, Chungwa Telecom, Southern Linc and Blue Corner.
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