POWER

It’s technology and a skilled workforce for India’s green and electric future

Electricity is the energy of the future, and the world is rapidly moving towards an electric world which is increasingly digitised. Much like the world, India too is committed to progress towards Electricity 4.0 to sustainably fulfil her huge and dynamically growing energy needs.

Over 80% of India’s existing energy needs are met by fossil fuels and biomass, with 61% of power generation being hydrocarbon fuel based, such as coal and oil.

Consequently, the Government is committed to amplify nationwide electrification and accelerate towards achieving affordable and clean energy for all. Hence, there is a growing thrust on renewable modes of electricity generation and conversion of key sectors dependent on modes of energy to electricity, such as automobile industry and transport.

It is evident that the unfolding decade is going to see a big surge in demand of 24×7 electricity. The emerging technologies and shift to renewables are bringing about a disruptive transformation in the whole power distribution ecosystem. Furthermore, the recent pandemic has put spotlight on leveraging technologies for building in efficiencies and remote handling of electricity generation. These developments are ushering in the era of Electricity 4.0

Transitioning to Electricity 4.0

The linear equation of power distribution is already changing as the industry moves towards Electricity 4.0 on the lines of industry 4.0. Electric transmission will not follow the same old straight path from plants to grids to discom to consumers in return of payment for electricity consumption. In the near future, discom will have to pay customers for power-cuts or poor quality of service. With alternatives like solar power, consumers are not only becoming electricity producers, but also potential sellers of excess power generated to discom.

Therefore, with complex exchanges, the linear equation has just become more dynamic. Furthermore, the whole power sector, including electricity generation, distribution, and supply networks and processes

Source
financial express
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