The world has arrived at a cleaner electrified future – and it’s here to stay. By 2035, half of all the world’s energy could be produced by renewables at lower costs than typical fossil fuel-dependent methods. Additionally, as electric vehicle (EV) adoption continues to accelerate, Bloomberg NEF projects that almost a quarter of all new cars sold will by EVs by 2025.
For utilities, increased renewable adoption means the electrification of typically fossil fuel-dominated necessities like vehicles and heating is looking more enticing, but the corresponding increase in energy consumption is also going to bring some new logistical challenges to the table.
Electrification is, simply put, the process of powering or charging something with electricity. In recent years, consumers have seen the emergence of all kinds of electric tools and machines (including cars, trucks, furnaces, etc) that have historically relied on fossil fuels as a source of energy. These electric assets are becoming increasingly affordable, are cheap to maintain, and don’t produce harmful emissions, making them attractive choices compared to their gas-powered competitors.
The most obvious way electrification is affecting utilities is in the demand for electricity. Due to the adoption of EVs and other electric assets, electric grids will soon start to see noticeably higher levels of consumption. Some utilities are already starting to respond to this change as demand for EVs continues to grow. At the same time, utilities are making greater use of intelligent technology to enhance customer experiences. Here’s how utilities are implementing these changes:
The Geonexus Integration Platform (GIP), capable of integrating CIS, GIS, EAM, and RDBMS-based systems, is ready to help utilities through simple data integration. Referencing integrated data when adopting new technologies and operating procedures can streamline the electrification process while still allowing your organization to meet its goals in the following ways:
The electrification of the utility industry is here, and there’s work to be done to prepare for more changes to come. If your organization needs to enhance its customers’ experience and is serious about preparing for the inevitable electric future with the help of integrated data, the Geonexus Integration Platform can help.
Visit our collection of customer case studies to see how we’ve helped organizations all over the world with their integration needs.
At Geonexus our mission is to ensure integrity and reliability of enterprise data to support effective decision making. Our Integration Platform is an enterprise-grade integration solution that is easy to use, reliable, and includes out-of-the-box connectors for Esri® ArcGIS®, IBM® Maximo, SAP®, ABB® Ellipse, Oracle® Utilities, and other leading enterprise systems. Asset-intensive organizations across the globe use the Geonexus Integration Platform in industries including utilities, telecommunications, pipeline, transportation, and government.