Effective solutions to avoid calamities in the Energy and Utilities industry.

The energy and utilities industry is one of the most essential industries for a smooth functioning society and one such industry where innovation has hit stagnation. As consumers are becoming more and more aware of the dark effects of energy production distribution there is a cry for push towards sustainability and clean energy which can not be brought about without proper innovation and push from the technological standpoint.

The most recent power outage disaster in Texas in the winter of 2021 clearly showcased the lack of technological capacity and the lack of innovation in the grid. Millions of people have suffered the worst during this disaster which showcased the lack of proper technological innovation in this space.

A recent report of this disaster has brought to light the abhorrent state of the aging utilities grid, the lack of innovation in the grid that carries the power to each house is so outdated that a person born in the 18th century will feel right at home and will be able to carry our repair and maintenance without difficulty. With a grid as old and oudste as this supplying power to millions of power hungry houses is a huge task. And hence we saw absolute and utter failure of the power grid. To combat and prevent any such terrible disaster in the future rapid and robust innovation is needed which can be provided with good IT innovations.

Sustainability: As people are becoming more and more aware of the evils of unclean practices of power production, cries for sustainable and clean power are becoming more and more important.

Operational efficiency: As discussed earlier the Texas power grid has extremely poor efficiency where 60% of power produced is lost in the grid while transporting the power to each household. With the current innovation trends and technology advancements this is easily avoidable and better efficiency can bring about clean and cost efficient power to our homes.

Digitization: Consumers day to day are demanding more and more digital experiences for customer service, billing and outage reporting. In today’s fast paced lives having to deal with trivialities like power bills and customer services in person is not feasible. Innovative IT solutions have the best results to overcome such difficulties.

Aging utility grids: The Aging utility grids pose an imminent threat for huge outages. With the rapid technological advancement in the field these days the right capital can bring about rapid innovation in no time. The grid will be future proof and be able to withstand current and future demands.