09 Dec '17, 5pm

Data sharing: A new driver for energy savings and revenue

By not sharing data, the UK energy industry is missing out on savings of $92,000 for every MW of peak capacity, which equals $5.3bn per year. This includes key players like the National Grid, investors, battery manufacturers and management contractors. The figure was arrived at by QBots, a company providing renewable energy solutions to businesses, and Foot Anstey, one of the UK's top 100 law firms. The two undertook research into reducing infrastructure spend across the distribution network and the grid, having a greater security of supply by not relying on fossil fuel plants, and balancing energy supply at a local level rather than at national transmission levels. The report found that if the main energy players were to share their data effectively across these areas, it would result in huge efficiency savings and new ways of working, opening up additional revenue stream...

Full article: http://www.energydigital.com/utilities/data-sharing-new-d...

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