The Great Digitization Of The Power Sector Is Underway

How do we manage the explosion of data across the grid? Digitization is transforming the way energy is produced, directed and spent. Power plants are using real-time data to drive efficiency, smart grids are directing energy where needed and data models are now essential to help us make sense of the market. Across devices and sensors, we’re seeing an explosion of data which needs to be analysed to drive efficiencies. Machine learning and digital twins are tools which can be used for modelling, which in turn helps us make better decisions around where and how we direct energy. Optimizing the grid as best we can is key to moving forward in the energy transition. On the Interchange today, we are joined by Ben Hertz-Shargel, Head of Wood Mackenzie’s Grid Edge. Ben explores the role of virtual power plants in managing energy demand in real time. Short-term forecasting and analytics typically benefit traditional power plants, so how can VPP’s use the same information? Grid sensors are another important part of the digital grid, and Ben examines the data they work with. How is that data analysed and processed? Matthew Boyda is Senior Vice-President of Global Power & Renewables Research at Wood Mackenzie, and he joins the show to explain the forecasting capabilities in the industry and the importance of a transition from data centres to the cloud. Digital twins are a term you’ll likely have heard before, but how do they actually work? Why are they so central to the digitization of the grid?   It all comes down to driving efficiencies, and on the show today, we look at the technology that’s evolving at a rapid rate and enabling clean energy to flow to the right places. Don’t forget to subscribe to the show and follow us on Twitter, we’re @interchangeshow Wood Mackenzie’s Solar & Energy Storage Summit is back, taking place at the Palace Hotel in San Francisco on June 21 and 22. Join expert solar and storage analysts for discussions with leading grid-scale utilities, solar and energy storage developers and federal policy makers.    How is the IRA catapulting the development of solar and storage in North America? How can we continue to build a productive environment for solar and energy storage as we move forward with the energy transition? What is required to nurture the development of a thriving localized storage component supply chain?   Expect two days of panel discussions, presentations and workshops, as we explore the opportunities for solar and storage in the coming decades.   If you are interested in sponsoring or attending find out more on woodmac.com/events/solar-energy-storage-summit  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/