urgency to digitalize
look at the energy landscape explains the urgent need to bring intelligence to
a vast and complex system that forms the backbone of economies. Worldwide, electricity consumption is forecast to
double by 2050. Through 2030, Guidehouse
Insights forecast a seven-fold growth in new distributed energy resources (DERs)
annually with fluctuating infeed and demand. In 2020, five million
assets were introduced to the supply and demand side. The DERs are connected to the
power grid mostly on the low voltage level where grid operators to-date have
not achieved much transparency. Due to the intermittent nature of the DERs, it
is much harder for grid operators to control the power grid and predict what
will happen next.
investment in hardware alone is not sufficient to deal with the complexity we
see in energy systems today. We need disruptive and fast change where
investment in software comes first and helps us leapfrog to green energy, away
from reliance on fossil fuels. We’ve
started this journey to transform our portfolio and plan to speed up towards
our vision of autonomous grid operations,” said Erlinghagen.
expect a doubling of the market volume for grid software from USD 8 billion in
2019 to roughly USD 17 billion in 2028. During Capital Market Day in 2021, Siemens
Smart Infrastructure committed to doubling its digital revenue to EUR 1.5
billion by fiscal year 2025 from EUR 750 million in fiscal 2021.
is already a leading company for software for power grids. About 70 percent of
the world’s electricity consumption or 16,000 terawatt hours each year already
flows through infrastructure simulated by Siemens’ grid software. Today, 1,300
control center systems – that operate and control grids - based on Siemens’
software are in operation worldwide, keeping the lights on for hundreds of
millions of people. With approximately 100 million contracted smart
meters, in use by over 200 utilities globally, the
meter data management software
EnergyIP is a rich source of data at the low-voltage grid level.