Electricity 4.0: A Sustainable, Resilient, and Efficient Future [Sponsored Content]

We’re facing a triple crisis: energy security, deadline for decarbonization and a fragile global economy. We’re at a pivotal moment where sustainable commitments can become a reality, now that technology has aligned with intention. We’ve seen extreme weather across the globe in the past few months, and it’s only going to increase in frequency. Mitigating these risks, strengthening the grid and reducing emissions to limit the warming are all vital. On the Interchange: Recharged today, we are joined by Bala Vinayagam, Senior Vice President of Microgrids at Schneider Electric, and Jana Gerber, North American Microgrid President, also at Schneider. Electricity 4.0 is the foundation of a digitized, modern and electrified grid. It’s a principle that transforms how we source, transmit and consume energy. Bala and Jana explain to us the importance of Electricity 4.0, and the ways it uses existing technology to implement ever-evolving solutions to climate change. Electricity 4.0 focuses on four key pillars, detailed in today’s show. Decarbonisation Centering on reducing greenhouse gas emissions and creating a decarbonized economy, strategies for this include electrifying more sectors of the economy and employing renewable energy sources to generate electricity. Digitization The second aspect, digitization, revolves around the deployment of digital technologies to better monitor energy usage. The goal is to leverage data collected through artificial intelligence, big data, and the Internet of Things to improve the efficiency and resilience of existing infrastructure. The untapped efficiency of the current infrastructure can be harnessed through comprehensive digitization, offering potentially transformative benefits. Decentralization Electricity 4.0 emphasizes decentralization. Currently, the electrical infrastructure relies heavily on bulk generation and large transmission infrastructure. Decentralization ensures more distributed generation and storage behind the meter, which simultaneously improves the resilience of the grid and generates a greener infrastructure. Democratization This is all about empowering consumers to play a more active role in the energy system itself. The aim is for consumers to participate through demand response programs, energy efficiency measures, and deploying distributed generation and green infrastructure behind the meter. This concept transforms energy consumers into "prosumers", actively participating in energy production alongside consumption. Jana explores the concept of a prosumer – it’s a term we havw heard thrown about a lot in recent weeks. The future of sustainability depends on electrifying and digitizing our energy grid. Through digital twin interfaces, online exchanges and marketplaces, Schneider is constantly innovating to empower all to make the most of our energy and resources Learn more about Electricity 4.0 and microgrids here: www.se.com/us/microgrid See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Om Podcasten

Clean tech, green finance and energy innovation are the three lanes on the road to a successful global energy transition. At the intersection of these lanes is a place where ideas on finance, technology and policy are shared and debated. That intersection is Interchange Recharged.  Sylvia Leyva Martinez, principal analyst at Wood Mackenzie, invites visionaries, entrepreneurs, policy-makers and energy analysts to explore the newest developments in renewable technology, explain the ideas on global energy policy that could accelerate the energy transition, and identify new funding and financial models that could solve the biggest challenges we face on the way to net zero.  Sylvia and her guests bring you data and forecasts on clean technology, climate science, and offer predictions on the build out of utility-scale projects and the future of green finance. What impacts do the annual UN Conference of the Parties have on decarbonisation goals and climate change? What will COP30 bring? What’s happening in global EV adoption and development? What’s the forecast for solar energy, one of the major success stories of renewable energy in the last ten years? What does the data tell us about the future of hydrogen, of nuclear, or of low-carbon power?  These are examples of the insights and detailed analyses you can expect bi-weekly on Tuesdays at 7am ET.  If you like The Energy Transition Show, Catalyst with Shayle Kann, The Big Switch from Columbia University, Open Circuit with Stephen Lacey or The Green Blueprint, you’ll enjoy Interchange Recharged.  Want to get involved with the show? Reach out to podcasts@woodmac.com to: Bring Sylvia and Interchange Recharged to your event Be a guest on the show  Sponsor an episode Ask a question to Sylvia or one of our guests  Check out another leading clean tech global podcast by Wood Mackenzie, Energy Gang, at woodmac.com/podcasts/the-energy-gang Wood Mackenzie is the leading global data and analytics solutions provider for renewables, energy and natural resources. Learn more about Wood Mackenzie on the official website: https://www.woodmac.com/