Electrical Infrastructure and Its Increased Importance with Digitization

Electricity is a boon for the economy. In its absence, the wheels of progress would stop and we would revert to the pre-industrial era. The criticality of power is what makes the digitization of electrical infrastructure indispensable.

Digitization of power infrastructure augurs countless benefits to multiple entities across the economy-from individual families, companies to countries and even cross-border economies. Digitization offers access to real-time information and opens avenues for enhancing the operational efficiency of the power ecosystem. It transforms power grids from uni-directional to multi-directional, facilitating the integration and consumption of renewable energy.

Digitization brings in more transparency across the power ecosystem- improved access to information benefits players across the entire value chain. From the production of electricity to its transmission, distribution and consumption, digitization plays a vital role in augmenting the reliability, resilience and performance of the power sector.

Digitization allows for faster and more accurate fault detection in power grids thereby reducing downtime and the associated maintenance costs. Machine learning based forecasting solutions are immensely helpful in identifying security threats and vulnerabilities in a power grid.

Digitization enables network segmentation and obviates the need for extensive copper wiring between devices in an electrical substation. Point-to-point copper wire networks mandate high capital expenditure and increase the difficulty of fault isolation and detection.

Digitization equips substations with cutting-edge communication devices that control, monitor and analyze process parameters and offer system protection.

As per an estimate by the power industry, digitization of electrical substations offers numerous quantifiable benefits: 80% lower usage of copper wires in air-insulated substations, 50% decrease in outage time and 40% reduction in the time needed to install new control systems.

On the consumption side, digitization plays a vital role in bolstering the relationship between electric utilities and consumers. Smarter grids offer consumers more choice over how they consume power. Consumers can now plan activities consuming high power during off-peak hours. Utilities can collaborate with consumers to manage peak consumption efficiently, creating a win-win situation for both-consumers can be assured of a steady supply of power and utilities can manage peak loads with ease.

On the transmission side, digitization allows remote management of field installations of the power grid through devices installed at various points in the grid. With intelligent devices that can transmit and communicate data in real-time, utilities can monitor and control their assets and infrastructure effectively.

Wrapping it up

Intelligent and meaningful data has been instrumental in bringing about path-breaking changes in several industries and the power sector stands as no exception. Digitization will redefine the relationships between players in the power value chain and revolutionize the way power is transmitted, distributed and consumed.

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