Forward-thinking companies should draw up an integrated grid plan, mapping out the potential capex requirements for their investments, smart-grid devices, and future platform developments. To achieve the maximum benefit from new digital technologies, grid operators will need to plan future investments carefully to avoid the risk of stranded assets. Cyber attacks on power grids are a real modern-day threat, as shown by the cyber attacks in Ukraine in 2015 and 2016. The report examines the disconnect between power grid availability in the US, UK, and Europe and the growing demand for power from the increasingly data-driven economies around the world. If the rapid rise of e-scooters, e-bikes, and e-buses continues, they could also be used as distributed energy resources in a wider Mobility-to-Grid (M2G) system.There are currently 200 million e-bikes in use across the world, predicted to grow to 2 billion by 2050.The electrification of the global bus fleet is well underway too, with 400,000 e-buses on the road today. It also highlights a number of areas in which policy changes, focused research and demonstration, and the collection and sharing of important data can facilitate meeting […] The new report, titled ‘Digitalisation and the Future of Power Grids’, found just over half (52%) of distribution network operators (DNOs) have digitalisation as a core part of their publicly stated strategy, falling to 39% for transmission system operators (TSOs). With vehicle-to-grid (V2G) technology and intelligent management of household heating demand becoming prevalent in a number of our scenarios, access to open data – both for energy market participants and for the consumer – will help unlock the potential of smart energy in a net zero future. The future power company has real-time situational awareness of its generation, transmission, and distribution assets. Problem Description. The average cost for providing electricity went down to EUR 3/Person, with digitalisation compared with EUR20-25/Person. However, the COVID-19 pandemic caught the sector off guard and disrupted the conventional means of generation, transmission and distribution of public utilities. s the balance. This report aims to provide a comprehensive, objective portrait of the U.S. electric grid and the challenges and opportunities it is likely to face over the next two decades. In the era of digital companies, the power generation sector should look at business models that democratise energy supplies and … Read our 2020 Future Energy Scenarios (FES) in full Operational staff manages data as much as assets. Digitalisation can help integrate variable renewables by enabling grids to better match energy demand to times when the sun is shining and the wind is blowing. The increased grid digitalisation has brought forth cyber attacks and threats as major risks. In accordance with the agreement signed on December 17, 2018 1, Hitachi Ltd. and ABB Ltd today announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Hitachi has an 80.1 percent stake in this new joint venture entity (which has business volume of approximately 10 billion USD 2) and ABB hold. By Sanjeev Arora and Anurag Johri The utilities sector has always been at the forefront of preparedness to deal with changes such as natural disasters and economic impacts.