Energy Savings – Panel to explore the digitalization of the utilities sector at the World Utilities Congress in Abu Dhabi

The Congress will bring together more than 10,000 global utility professionals to explore critical topics, including the future of low-carbon water and electricity supply. It will be held under the high patronage of His Highness Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, Member of the Executive Council and Chairman of the Abu Dhabi Executive Office.

Hosted by TAQA, the global exhibition and congress provides a platform to explore the latest products, innovations and technological advancements in the global utility landscape. It will bring together water and power leaders to provide insights on building resilient low-carbon business models with agile automated digital operations.

Accelerated by urgent demands for increased connectivity, reduced costs and improved operational efficiency, digitalization has witnessed rapid growth and development in major industrial sectors around the world.

With the impact of the pandemic and the growing need to seek greener and more sustainable alternatives, the utility sector, an underlying enabler for all industries, has seen an emergence in the adoption of digital technology in the sector, and is expected to increase as demand for electricity increases to stimulate economic development.

Transforming operations and systems with digital technologies can create substantial value for utility companies. Studies indicate a potential reduction in operating expenses of up to 25%, and performance gains of 20-40% in areas such as safety, reliability, customer satisfaction and regulatory compliance are also achievable.

These incentives have led utility companies to rapidly adopt digital technologies, including redesigning customer journeys, adding digital leak detectors to gas networks and water supplies, using predictive models to plan maintenance and other asset management activities.

Efficient operations and reduced costs mean utility companies can pass the savings on to consumers. This is particularly important given the current difficult landscape of high energy prices that have affected consumers around the world, especially those in Europe and the United States.

It is evident that digital technologies, data and the Internet of Things (IoT) will play a vital role in the digital transformation of public services. These technologies have great potential to help optimize the use of energy resources and operations in remote facilities, while ensuring reliable, safe and secure infrastructures.

Emerging digital technologies, such as smart grids, industrial IoT and big data, are driving the electricity industry to transform into more agile, profitable and sustainable business models. For example, sensors and meters are increasingly being used to detect leaks and reduce consumption through technologies such as smart home appliances and smart street lights as part of ongoing smart city plans. development and implementation.

As the digitalization of electrical distribution and retail businesses is expected to continue to accelerate in this decade, Frost & Sullivan says digital investments are directed towards three main areas: improving customer service, optimizing network operations and developing connected businesses. By integrating cloud computing, big data, analytics, and IoT solutions, utilities and retailers are transforming their businesses beyond selling commodities.

With global energy demand expected to double by 2050, key sustainability concerns are driving an energy efficiency agenda, everywhere. The UAE must meet ambitious targets under the UAE Energy Strategy 2050, which includes reducing the carbon footprint of power generation by 70%, while also achieving Net Zero by 2050. These developments, coupled with technological disruptions, are expected to be essential. to the acceleration of global economies.

“Adopting digital technologies will help utility company managers increase asset efficiency, save energy and water, and create an overall more sustainable country,” said Christopher Hudson, Chairman of dmg events, organizers of the World Utilities Congress. “Data will also play a vital role in decision-making, both for ongoing projects and future developments, paving the way for a new energy ecosystem.”

For more information :

Public Services World Congress