The data collected by this central IT backbone over many years has helped embed a data-driven decision-making culture throughout the organisation. But we don’t have to wait for EVs to come. We estimate that 80-90% of the benefit of digital and digital work is simplifying complex data to better know and serve our customers. While many energy companies are implementing newer technologies to facilitate grid management, oil and gas companies are turning to digitalisation to improve the decisions behind exploration and production assets. We benefit too as we can ensure we have the right products in the right locations without holding excess inventory. For example, we are building a “track and trace” system that we envision will improve visibility of our lubricants supply chain end-to-end and increase transparency. This helps us optimise deliveries as our customers save time and money and simplifies processes. In addition, we have energy efficiency technologies working in the background to control our use of energy. Needless to say, this access to big data has benefited us enormously on our digitalisation journey and simplifying everyday activities. Since moving to Singapore last year, I no longer go to the supermarket for groceries – I order mine via an app. Digitalisation of the energy sector can boost the EU competitiveness and innovation and open new global markets for components (ICT, electronics, etc.) This is the new order of doing business in a digital world. The shale revolution has enabled the United States to increase oil and gas production by close to 50% over the last five years. Sean Robinson describes the new generation of digitalisation in the energy sector. But this is fast changing thanks to costs and technology improvements around lithium-ion batteries which is being driven by the automobile industry which has decided to use lithium-ion as the core technology to power electric vehicles. Energy Digital Magazine covers Energy 4.0, Global Energy investments, innovation, automation & AI, smart technologies and sustainability - connecting the world’s largest community of renewable energy executives. The deal aims to … The World Economic Forum estimates that digitalisation could provide around $1.6 trillion of value for the oil and gas industry, its customers and wider society by 2025. The French Development Agency AFD has agreed to provide 100 million euros in loan to Bangladesh for the digitalisation of the country’s power and energy sector. At Shell, we are in the process of accelerating our digital transformation in our organisation. Within this shaping framework, Europe can act as a potential market leader and become a role model, conquering new markets and propagating the European approach’ ‘ This product optimisation tool integrates digital technologies into our supply chain. It enables frontline users to make the right choices in real-time to drive cost savings and adapt to changing customers and market needs. Digitalisation of the energy sector as an endeavour will bring change in several dimensions The transition to widespread use of digital tools changes companies/organisations as well as the tasks of individ - ual employees. The answer is store that energy but the issue is that until recently energy storage was just too expensive. Let me give you an example of how we have embraced a new approach to support our speed to innovate. And then we have the Munich based Sonnen which is offering its customers a “flat rate” electricity tariff based around domestically installed solar and batteries. Already a combination of PV&S (solar PV and storage) makes economic sense in places as far abreast as Italy and Tanzania. Today, the U.S. postal system processes about 500 million pieces of mail per day, while about 205 billion email messages are exchanged in the US every day. Having just one global ERP, the same in every country, means we can strengthen data management and makes it easier for our customers to do business with us. What is Shell's Net Carbon Footprint ambition? Consumers will increasingly be able to monitor their power usage via a mobile application; they will save money by using energy apps and consoles which show how they can capture lower tariffs; and will exploit time-of-use-pricing to charge home batteries with the cheapest grid power, and integrate their solar panels. Putting a solar panel on a domestic roof with a battery is the quickest, cheapest and sometimes only way to get power to people who don’t have it. What does it mean to think differently? In Singapore, the mobile penetration rate is an astounding 147%, which means many people have more than one mobile phone subscriptions. We have committed to radical simplification, and progress only on activities that generate real value for us and our customers. The World Economic Forum estimates that digitalisation could provide around $1.6 trillion of value for the oil and gas industry, its customers and wider society by 2025. Digitalisation is certainly transforming the energy industry. The world creates 2,500 petabytes of data every day, and around 90% of that data was generated in the last two years alone. Digital technologies are transforming our lives in ways that were unimaginable even one decade ago. Our customers want to reduce their total cost of ownership, running their machines for longer with less downtime. At the same time it will create billions of dollars for those embracing the new energy world. The electricity sector is at the heart of this transformation, where digitalisation is blurring the distinction between generation and consumption, and enabling four inter-related opportunities: 1) smart demand response; 2) the integration of variable renewable energy sources; 3) the implementation of smart charging for EVs; and 4) the emergence of small-scale distributed electricity resources such as … Digitalisation will change the energy system in ways that we weren’t even able to imagine a couple of years ago – and we may not even fully be able to imagine today. Digitalisation is certainly transforming the energy industry. The global energy sector is undergoing a dramatic transformation, led by trends in digitalisation and centralisation. That same module now sells for around €80 today! By tapping into the enormous potential offered by cutting-edge technologies, now is the time to make deeper customer engagement a reality in the global energy industry at MEE 2021. My team uses data-driven insights to automatically determine for any given lubricant product the right formulation that optimises both costs and quality for the customer. However, it has not yet driven real transformation. Digitalization •Regardless of spelling, it's everywhere •Digitalisation is a rapidly expanding topic in the energy sector •Digitalisation of the energy sector has arrived in corporate reality - But not yet fully in the energy sector's legal departments One of the huge trends currently transforming the energy sector is digitalisation. You might have very different expectations of a company like Shell that has thousands of employees around the world when it comes to speed of innovation. In 2015 the market was over 57 GW. “Energy & Digitalisation: Artificial Intelligence (AI) ... AI and energy sector are a perfect match to each other. We invest in a pipeline of digital ventures, managed as standalone businesses with a culture of customer focus and fast development. Massive technological improvements have caused the costs of solar and wind to plummet and as they have installations have soared. And there are further cost reductions to come as technology improvements push conversion efficiencies above the 18% level found in today’s standard solar modules towards the rates of a modern satellite (40%). The batteries enable the customer to avoid feeding solar into the grid at 10 cents and buying from the power retailer at 30 cents. And why is it important? What is driving industry change? We take the best of a start-up culture and approach, and marry it with the power of a global leader with deep and extensive industry knowledge. Over the past decade, the incorporation of information and communications technology into the energy system has emerged as a significant driver of change in the sector but the pace and scale of that change is likely to increase dramatically over the decades to come. Energy Digital. 0. In China, we have developed LubeMaster, our first digital, integrated platform for intelligent lubricant services and which connects us directly with end customers through our network of distributors. Our approach to digitalisation is the same as in our R&D function. Software and semiconductors go hand in hand. It is the same with renewables. Finally, our third focus area is to create new business models. These decisions could make the difference between thriving and just surviving. Take mail, which, starting in the 1980s, was transformed into email. The energy sector is already using data in sophisticated ways to meet a wide range of challenges, from fault prediction in grid networks to the delivery of personalised energy to households. In particular, the industry considers improving operational efficiency (identified by 52% of respondents), decision making (42%) and cost efficiency (40%) as the top priorities for further digitalisation. 1m Tesla S 100D’s would deliver 100GWh of backup power which would be enough to power the whole of Germany for over two hours. We need to be adaptive, or we’ll be disrupted. Digitalisation brings a completely different dynamic. A method that promotes an integrated approach to people, technology and organisation is … To be clear the low oil and gas prices across the world are the result of new drilling technologies which have created the shale gas and oil revolution in the United States. And this new digital energy order is coming faster than most people think and it will rip apart old world businesses that are unwilling to change. In 2004, a typical 200 watt solar module sold for about €1,000. Digitalisation will continue advancing and there will always be new technology or ways that will be integrated into our lives. Embracing digital allows organisations to reduce costs, make faster and better decisions and increase workforce productivity. Be the disruptor, and not the disrupted. It’s about upgrading jobs so that they become more interesting and enjoyable and at the same time allows us to automate and have better reliability and consistency in our core processes. The pace of digitalisation in energy is increasing rapidly. Among the stakeholders who made this summation were… The coal-heavy strategy at Poland’s biggest utility, PGE, was hit this week by a provisional European Union agreement to end coal power capacity payments from 2025, adding to the utility’s existin, Batteries have become an incredibly important and largely ignored part of our lives; until of course your phone runs out of batteries! Coupled with the rapid evolution of electric car and battery storage technologies, the scene is set for a digital energy revolution. LubeChat is now being used by 6,000 users across the world in our key established and growth countries including the US, UK, China, India, Germany and Russia, and right here in Singapore. We believe this is the right strategy to take and we expect the return and customer satisfaction on our digital investments to be substantial over time. We have to achieve the greatest efficiencies today, while preparing for tomorrow. In the UK where I’m from, over 80% of people now own or have access to a smartphone or a mobile phone. Most major transformations fail, and strong leadership and effective change management is a crucial part of the adaptation process. A critical success factor that we’ve done is to standardise many of our processes in countries across the globe. 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