Digitalization holds great promise for the power generation industry. However, a range of internal and market challenges can constrain its effective uptake and implementation for those early in the digital journey. Innovative companies that approach digitalization strategically, balancing the short and longer term objectives of the business, will gain a significant competitive advantage, improving their ability to adapt and thrive. Industry, transformed We are in the middle of two separate but closely related revolutions that are reshaping the entire value chain of power generation. The first is the energy revolution. The industry is moving from conventional, centralized and well-controlled bulk generation to one that includes distributed and weather-dependent production; from stable, well-defined load profiles to more volatile and reverse power flows. Since 2010 the global renewables capacity has increased by 8 to 10 percent year on year, with over 150 GW added annually representing over two thirds of all […]
