With an aim to further strengthen its commitment towards attaining a 'New World of Energy' that is more efficient, sustainable, reliable and connected, Schneider Electric, the global specialist in energy management and automation, today brought-forth the massive opportunities that can be leveraged through 'digitization of power distribution', and presented its digital architecture, EcoStruxureTM Grid. The architecture is an open IoT-enabled framework for digital transformation of distribution utilities. EcoStruxureTM leverages the IT/OT convergence, ensuring high efficiency in grid operations, optimal asset management and enables an overall digital transformation.
Schneider Electric in partnership with IDC, also released a white paper that highlights the pressing need for Indian utilities to embark on the technological advancements in the sector, in order to trim operational inefficiencies and create a more agile organisation. At a time when global energy consumption is expected to increase by 40% over the next 25 years, the 'New World of Energy' lays emphasis on the need to Decentralise, Digitise and Decarbonise.
Describing the critical role of the technological evolution to ensure smart distribution of power, Mr. Anil Chaudhry, Country President and Managing Director, Schneider Electric India, said, "Digitisation offers tremendous opportunities for improving competency of power distribution in India. Traditionally, we have addressed the energy equation from the supply side— adjusting the amount of electricity generated to ensure that supply matches demand. But depending solely on supply-side solutions will not allow us to meet our obligations to reduce our carbon emissions and reduce energy consumption. In the new world of energy – where lives are more electric, more connected, and more distributed - we are better able to address the problem from the other side — from the demand side, from the perspective of the energy user. In line with this, a prerequisite to extracting optimal efficiency of power discoms is the coming together of energy, automation and software & analytics. This makes the energy value chain more intelligent — more predictable."
He further added, "The EcoStruxureTM architecture leverages IoT and cloud capabilities alongwith automation and software & analytics, to drive greater energy and process optimization. We, at Schneider Electric, are completely committed to extend all our support to the Government in achieving its goal of 24X7 quality power supply."
Distribution utilities are at the core of a 'New World of Energy'. These utilities are often impacted by business and economic volatilities such as evolving regulatory framework, market integration, redesigning of energy value chain, grid complexity etc. In such a scenario, it is imperative to develop a framework that can provide a holistic approach towards addressing these challenges.
Addressing the media roundtable alongwith Schneider Electric, Mr. Salil Shrivastava, Chief Engineer, Naya Raipur Development Authority (NRDA) said, "We are happy to be associated with Schneider Electric as we embark together to make Naya Raipur - the first green field integrated Smart City. We believe IoT is the backbone of this project, and the Schneider Electricsolution enables end to end integration a reality. Through this project, our vision is to provide high-quality infrastructure in the city which will also help in catering infrastructure needs of industries in the city. As smart city project rolls out, Naya Raipur would not only encapsulate modern infrastructure but also push the envelope of being an eco-friendly city which will offer modern amenities for residents and visitors."
Schneider Electric is currently working with various state discoms to provide digital technologies for the grid. Last year, the company commissioned a SCADA-DMS project for the Bihar Power Distribution Company that helped the state utility reduce its overall costs by curbing power theft and losses, reduce unscheduled downtimes, improve customer usage mapping, detecting faults faster, and gain new capabilities to scale up to meet increasing power demand.
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