3 key digital technologies to raise renewable power ambitions
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- Sep 28, 2020 5:30 pm GMTSep 24, 2020 5:36 pm GMT
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This item is part of the Special Issue - 2020-10 - Advances in Utility Digitalization, click here for more
Written by Arina Anisie, Elena Ocenic and Sean Ratka
Digital technologies are emerging to support distributed energy resources (DERs) in responding to system conditions and providing services to the grid, turning them into flexibility providers. In a nutshell, for the power sector, digitalization is converting data into value. IRENA’s report “Innovation Landscape for a renewable-powered future” identifies 30 key innovations that can reduce the cost of integrating large shares of renewables in today’s power systems (IRENA, 2019). Several key digital technologies, in particular, are unlocking new possibilities in the power sector, changing the boundaries and dynamics of the industry and helping to optimize renewables assets: 1) Internet of things; 2) Artificial intelligence and big data; and 3) Blockchain.