The Energy and Utilities industry has been subjected to external factors which raised new challenges for the industry. The ever-changing ecological environment is one of those major influencing factors. Consumers and businesses are using more and more technology that requires power to operate. In the past, the average person considered the availability of power as self-evident; however, many events have caused consumers to become more aware of what it takes to be able to have power from a socket in the room.
Legislators and communities are increasingly concerned with the exhaustion of natural resources and pollution caused by production. Decreasing availability of fossil energy has stimulated the growth of alternative sustainable energy resources. For energy and utilities organizations, this means innovation and the use of new assets, but also the more efficient use of existing assets. Furthermore, disastrous events, such as the tsunami in Fukushima, have raised the need for new safety requirements on a global scale.
Supplying energy from power plant to socket is, in some cases, becoming more complex, too.
For example: the Netherlands, where it is common to have a separation between the energy producer and the maintainers of the power grid. More parties are involved in the energy supply chain, which brings about the challenge of adapting and sharing responsibilities with the end-customer; such as determining losses in the supply cycle. In short, supplying energy has become a much more complex task.
Measuring real time consumption of energy, so-called smart meters, will bring new opportunities and also challenges to companies in the Energy & Utilities industry. Smart Meters stimulate further engagement of consumers in how to use energy. However, the main challenge is the transition of today’s energy network to a network that enables the intelligent supply of energy.
Since power is generated and supplied through assets, it is self-evident that Asset Management is a field of expertise in which lie big advantages for companies in the Energy & Utilities industry.
Over the years and due to the large growth of assets, the Energy and Utilities Industry companies did not have the resources to monitor their assets. Therefore, there is a lot of uncertainty regarding the lifecycle of assets. This has a negative impact on the reliability and availability of the energy networks.
• Monitoring assets helps to determine maintenance-intensive areas in the power grid.
• Preventive maintenance helps to avoid unnecessary power outages.
• Defining maintenance processes ensures consistent maintenance compliant with quality and requirements.