As urgency builds for safe, equitable, and sustainable power, the business faces unprecedented strain to rework. Roughly one billion folks lack steady or inexpensive entry to energy, and international consumption is predicted to extend almost 50 p.c by 2050.1 And as power consumption rises, so do greenhouse gases, with the power sector contributing to greater than 70 p.c of world carbon emissions.2
The power sector is on the forefront of innovation to assist remedy these challenges and develop new options to speed up decarbonization and the motion towards clear, renewable sources of power. Momentum can be constructing for decentralized fashions of manufacturing and distribution, with distributed power era similar to native microgrids. To hurry innovation, power organizations are migrating to the cloud and integrating Microsoft applied sciences to liberate, unify, and contextualize information and growing options that leverage AI, predictive analytics, the Web of Issues (IoT), and digital twins.
However expertise is simply a part of the answer. Collaboration with business leaders and our international associate ecosystem is essential for fixing advanced international power challenges.
Microsoft for Power and Assets
Rework the power and assets business to ship secure, dependable, and clear power for a sustainable future.
Making your information be just right for you at Reuters International Power Transitions 2023
We not too long ago participated within the Reuters International Power Transitions 2023 on June 7 and eight in New York Metropolis, which convened power executives from all over the world to speak about challenges and alternatives within the power transition. From the Microsoft Power and Assets group, Hanna Grene, Worldwide Energy and Utilities Business Chief and Ravi Mundhe, Director Power and Assets, have been joined by digital leaders from our companions Cognite and Schneider Electrical to guide a dialogue on how power firms can enhance their digital technique via modern information and analytics.
Throughout our workshop, power executives representing power manufacturing, era, transmission, and distribution firms, shared information priorities and finest practices on advancing analytics and automation to realize net-zero goals. The workshop additionally examined how organizations can reinvigorate their digital technique with information optimization methods and assess digital capabilities and dangers with AI.
To study extra about power developments and associate improvements, learn Hanna Grene’s Innovation in energy and utilities weblog, and watch two new video collection on how information and analytics are shaping the power transition: Prime Developments in Power and the newest episode of The Quick Circuit, the place I sit down with Jason Wight, Chief Data Officer of OPG, who talks about the advantages of a powerful partnership constructed on shared values driving digital innovation, together with massive language fashions, and enterprise outcomes at tempo and scale.
Celebrating our companions at Microsoft Encourage 2023
Every year at Microsoft Encourage we rejoice our companions and their newest improvements to assist our clients obtain extra. As soon as once more, we’re wanting ahead to connecting with the power sector on July 18 and 19, 2023 and also you’re invited to hitch us at Microsoft Encourage 2023. At our largest associate occasion of the yr, find out how Microsoft and its international associate ecosystem are accelerating the ideation, improvement, and deployment of expertise options within the collective journey in direction of a safe, equitable, and sustainable power future.
This yr, we’re happy to announce SLB because the Power and Assets Companion of the Yr for revolutionizing their DELFI platform constructed on Azure Knowledge Supervisor for Power and leveraging high-performance computing (HPC) and AI to optimize simulation workflows for power exploration, improvement, and carbon storage. SLB has been a pacesetter in digital transformation with high power operators and Microsoft expertise on the heart of this journey. By way of our sturdy partnership and collaboration, SLB and Microsoft allow clients to spend much less time on operations and extra time specializing in the higher business mission of addressing the rising power demand disaster the world is dealing with.
We’re additionally happy to share our finalists Cognite, Neudesic, and Schneider Electrical for his or her transformative options to maximise effectivity, resiliency, and sustainability throughout the power worth chain. Partnering with Microsoft, Cognite helps remedy the commercial information downside and speed up the full-scale digital transformation that improves the dependability and sustainability of operations. Neudesic and Microsoft are innovating options that assist energy and utilities maximize grid resiliency, outage restoration, and the transition to wash power. Along with Microsoft, Schneider Electrical is electrifying and digitizing power, serving to clients obtain each power and sustainability targets from technique to execution to unlock the grid of the long run.
Make sure to tune in to Microsoft Encourage 2023 on July 18, the place we sit down with Cognite and Schneider Electrical to listen to about their associate experiences and learnings.
Throughout Microsoft Encourage 2023 you’ll uncover how the Microsoft Cloud can energy the power business’s AI transformation. Recognizing the significance of the cloud in driving digital transformation, sustainability, and enterprise development, we commissioned Forrester Consulting to survey power executives on the advantages and impression of transferring to an open, cloud-based platform. In accordance with the 2023 survey, anticipated advantages of cloud migration embrace higher information administration and insights, decrease prices, and better operational effectivity and safety. To study extra about cloud migration within the power business, obtain this Forrester infographic.
The ability of partnerships and co-innovation
As power firms proceed to evolve, we work carefully with our companions to assist clients in a number of key areas together with:
- Clever grid options that enhance reliability and effectivity all through the grid lifecycle with decentralized power era, renewables integration, and customer-centric companies.
- Innovating in an interactive digital house of the industrial metaverse by combining digital twins, IoT, AI, and augmented actuality.
- Microsoft Material to attach each information supply and analytics service collectively on a single, AI-powered platform.
- Advancing power transition options with Microsoft Cloud for Sustainability to report, report, and scale back greenhouse fuel emissions and accelerable low-and no-carbon power sources.
Along with our companions, we additionally not too long ago launched the Power Transition Heart of Excellence on the Houston Microsoft Know-how Heart (MTC). The Heart of Excellence showcases main power transition options to supply clients a possibility to study first-hand the options supplied by Microsoft and our international associate ecosystem to speed up decarbonization and net-zero goals. The middle’s associate applied sciences embrace hydrogen manufacturing, offshore wind optimization, emissions administration, carbon seize utilization and storage (CCUS), house power administration, and repowering coal crops. Watch the Power Transition Heart of Excellence video to study extra.
Working collectively for a sustainable future
From particular person customers to international firms, we should all work collectively for options that advance us towards a cleaner, sustainable future for all. We’re excited to proceed to co-innovate with our companions and clients to fulfill the wants of the ever-evolving power business and the world we dwell in.
Assets
1Rising international power use complicates path to web zero, John Kemp, Reuters, 2021.
2Carbon Majors Report, Local weather Accountability Institute, 2020.
