Cloud Computing for Utilities: The Economics of Software and Scaling up of Decarbonization
- Aug 20, 2020 11:05 pm GMT
This item is part of the LTE Networks & Utilities - Summer 2020 SPECIAL ISSUE, click here for more
The proliferation of renewable energy requires an energy market that can react to change, as matching supply with demand becomes more complicated with weather-dependent resources. All over the world, power suppliers, producers, and grid operators are learning that flexibility in the grid system is essential; however, they are also quickly understanding the massive amounts of data required to properly manage new energy dynamics. Cloud computing is a necessary management tool to keep up with the exponential increase and potential of data we are seeing in utility grid operations. It has many benefits, like streamlining energy efficiency and other grid services programs and helping utilities deliver flexible power. However, implementing the forward-looking concept of cloud storage, within the traditional, risk-averse utility model, is where it gets complicated.
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