Shashank Luthra, Vice President (Southeast Asia), AVEVA

Advanced data management solutions in the Cloud can speed the uptake of clean energy technology solutions that have proven their commercial viability.

  • In Australia, a data-centric approach has been deployed to manage the hundreds of wind turbines in its power grid. By combining information on weather, energy demand, and turbine performance with operational data, energy providers can have better visibility of wind vane performance, leading to a four-month return on investment based on overall production efficiency gains. In just one pre-emptive “catch”, it avoided an outage that would have cost approximately US$33–46m.

  • Based on estimates by the link Asia Pacific Energy Research Centre, overall energy demand for the six biggest economies in the South-east Asian region is projected to increase by 218% based on existing trends in technology development, deployment, and policy frameworks. By streamlining costs and resources with green technology, the sector can produce energy at scale in sustainable ways. This is one tangible way the private sector enterprises in the energy sector can have incremental impact on Asia Pacific’s broad commitment to decarbonizing by 2050.

  • The region’s energy infrastructure can be reimagined and incrementally reconfigured to create new economic and public value. This will require both engineering hardware and software innovations. Bringing advanced algorithms and data analytics together within a connected ecosystem is the first of many possible steps. These provide the industrial intelligence that energy business leaders need to build safe, cleaner, and agile operations in the future. When internal and external teams are collaborating around a digital source of truth, they can innovate business processes, operating with a broader global perspective.

  • Driven in part by national aspirations, broader macroeconomic needs and regulatory responses, greener ways of doing business will become the norm.