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Modernization for Operational Efficiency

Modernizing outdated infrastructure, both physical and digital, is crucial for integrating renewables and achieving cost savings.

Detailed Analysis

The need for modernization is driven by the integration of renewable assets and the adoption of smart grids. Leshchinskiy notes that "Modernizing systems can lead to significant cost savings and operational efficiencies." This modernization extends to digital ecosystems, as Bruno points out: "There's a lot of effort and cost in managing disparate external platforms and integrations." Upgrading infrastructure not only enhances operational reliability but also reduces the risk of failures. In agriculture, modern equipment and systems are transforming operations, optimizing resource use and improving supply chain management.

Context Signals

Integration of renewable assets Adoption of smart grids and energy storage Need for investment in new capabilities

Edge

Digital twins of energy infrastructure could enable predictive maintenance and optimize performance. The use of drones and robotics could automate inspection and maintenance tasks, reducing costs and improving safety. Advanced data analytics could optimize energy consumption and reduce waste in buildings and industrial processes.
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TRENDS
Many power and energy organizations have long relied on outdated physical and digital infrastructure-bulky generators, old power lines and legacy technology systems that are siloed and sluggish.