2024 Logo (PRNewsfoto/ABI Research) NEW YORK, Jan. 9, 2025 /PRNewswire/ — Investments in energy grid modernization and digitalization have not kept pace with energy demands and requirements over the past years. Given rapid electrification and the ongoing energy transition toward net zero, spending on grid digital transformation needs to accelerate. According to a new report from global technology intelligence firm ABI Research , aggregated worldwide investments in grid digitalization will grow from US$81 billion in 2024 to US$152 billion in 2030. "The benefits of the digital transformation of energy grids are huge and wide-ranging," explains Dominique Bonte, VP End Markets and Verticals at ABI Research. "Most importantly, it enables the real-time management, orchestration, and continuous reconfiguration of increasingly complex and distributed energy networks and assets while unlocking much-needed additional generation and transmission capacity. It also reduces costs in terms of both grid expansion and operational management, improves grid resilience in terms of reduced downtime and faster fault recovery, and enhances overall energy quality and efficiency." Examples of key grid digitalization technologies and their use cases and benefits are listed below. Digital and Virtual Energy Substations – With the energy sector facing the new reality of both distributed and intermittent […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
