Pipelines, Storage & Power

Companies need to get wise to smart power systems

Peter Stewart took part in a session on ‘The Coming Revolution in Hyper-smart Power Systems’ at the St. Petersburg International Economic Forum this week Peter Stewart took part in a session on ‘The Coming Revolution in Hyper-smart Power Systems’ at the St. Petersburg International Economic Forum this week.
By Peter Stewart 1 June 2017 0 26159
German utility E.On is turning its focus to new energy models. (E.On)

The transformation of power systems over the next two or three decades will be comparable in scale to the transformation of industry during the first Industrial Revolution (1760-1820). 

Much has been written about the disruptive nature of technological change in the power sector. The degree to which companies will have to transform their structures and business models in response to this change has been less discussed. However, the revolution in the function and operation of corporations may be the single biggest change in the transition to...