Data analytics in the electricity sector

With new and innovative technologies developing at record pace, DNV’s Michael Wilkinson, Global Segment Leader, Energy Digitalization, gives us some advice on how to see through the digitalization hype and better understand the solutions that can help to transform the electricity sector. In this digitally acute episode, Michael gives us an overview of the technologies that are driving the digitalization revolution and introduces DNV’s latest whitepaper - Data Analytics in the Electricity Sector, which examines the current role of data analytics, and its likely influence on the energy systems of the future. He gives examples of how digitalization aids the forecasting of renewable energy flows, and so enables operators to better respond to demand; the impact on energy trading and markets; and how technologies such as blockchain are transforming local energy communities. Finally, Michael touches on the regulatory challenges arising from the introduction of these new technologies.