Session Introduction - When Data Streams Become Revenue Streams
Data is the new gold, but where should we start digging? What business models are succesful in both the home IoT and industrial IoT space? What should the industry as a whole do? If new initiatives don’t work with industry standards, progress will probably be incremental. Without a market, no one wins.
The rise of the Virtual Power Plant: turning distributed generators, and industrial & commercial firms into market participants that provide cost-effective system balancing
How to use big data streams to create sub-second validation, driving revenue through speed of response for energy flexibility
Using Limejump’s Virtual Power Plant as a case study, a demonstration of which data streams can be used to drive the most value, and how algorithms can optimise asset stacks to drive revenue and maximise both price and system balancing.
Vice President, Global Strategy and Solutions, Energy and Utilities Industry
Let's Talk Energy Transition
Disruption in core infrastructure industries is prevalent and accelerating. The rise of viable substitutes to traditional electric supply, water stress pressuring the water-energy nexus, and natural gas increasingly being viewed as a bridge to greenhouse gas reduction are clear proof points that the energy transition globally is well underway.
IBM believes there are three industry imperatives, particularly in the electric business, that emerge from these disruptions: Embrace the role of Energy Integrator, engage customers as individuals and disruptively innovate business processes.
These imperatives drive to a new energy ecosystem and new business models that are emerging globally.