Apr 3, 2020

Big data and analytics underscores energy’s future

Technology
Energy Efficiency
William Girling
3 min
Orbis Research has compiled a new report on the effect that big data and analytics is having in the energy sector and where it may lead

Orbis Research has compiled a new report on the effect that big data and analytics is having in the energy sector and where it may lead.

The study, called ‘Global Big Data Analytics in the Energy Sector Market’, offers a comprehensive analysis of the industry, from regional markets to the technologies being explored and their broader appeal for widespread adoption.

Defined as the large volumes of accumulated information gathered from myriad sources within an organisation, big data’s value, particularly when unlocked by analytics software, has become a primary focus for companies seeking an easy way to optimise. 

Leveraging data to understand the future

It is, perhaps, unsurprising that the harbinger for change in the energy sector has been the industry shift towards renewable forms of energy (solar, wind, hydroelectric, nuclear, etc). As old paradigms are replaced, corporations need data to forecast the market’s future.

Moreover, the recent drop in the price of fossil fuels like oil has invigorated alternative energy projects globally. This increased amount of equipment, such as wind turbines or solar PV panels, will require further IoT and analytical software to stay adequately maintained. 

SEE ALSO:

However, despite the exponential growth of the market seen in the last decade, Orbis considers the overall scarcity of talent in the fields of data science and renewable energy to be a hindering factor, something which will require immediate attention and investment. 

The effect of data analytics on the industry

Despite the challenges and uncertainty inherent in a major market shift, the dimensions for the optimisation of big data and analytics software cannot be ignored. Indeed, a report by Capgemini in 2019 estimated that up to US$813bn was feasible via tech integration.

Orbis highlights smart meters as a key development in the progress of integrating data and analytics with the energy industry. 

Useful not just for businesses but also for utility customers, smart meters are emblematic of the benefits that improved forecasting bestow: lower costs, greater optimisation of energy usage and far less waste, which also has a net benefit for the environment too.

Data and analytics can also be used to change the way we live, work and experience the world via its application in smart buildings and cities. 

Orbis highlights the Asia-Pacific region’s pioneering progress in this regard, which has seen construction companies and government agencies integrate renewable energy sources and optimise energy usage via analytical software. An example of this is the Frasers Tower in Singapore.

The conclusion of Orbis’ research is that data and analytics will continue to shape the modern industry and, more importantly, allow companies a glance at which direction the energy sector will go.

Share article

Jun 23, 2021

HyNet North West and InterGen to build Zero Carbon plant

zerocarbon
Energy
Hydrogen
Liverpool
Dominic Ellis
3 min
Expected to open in the mid-2020s, the partnership could reduce the CO2 emissions from the Runcorn power station by over 150,000 tonnes each year

HyNet North West and InterGen are to create a low carbon power station at the independent power producer's Rocksavage Power plant in Liverpool City region.  

Expected to begin in the mid-2020s, the partnership could reduce the CO2 emissions from the Runcorn power station by over 150,000 tonnes each year, the equivalent of taking 60,000 cars off the road every year.

Situated across one of the UK’s largest industrial areas which supports the highest number of manufacturing jobs of any UK region, HyNet North West will bring clean growth to safeguard jobs, and create thousands of new employment opportunities.

Following a commitment of £72 million in funding, HyNet North West will transform the North West into the world’s first low carbon industrial cluster, playing a critical role in the UK’s transition to ‘net zero’ greenhouse gas emissions by 2050 and the global fight against climate change.

HyNet North West will begin decarbonising the North West and North Wales region from 2025, replacing fossil fuels currently used for electricity generation, industry, heating homes and transportation with clean hydrogen. The project will also capture and lock up carbon which is currently emitted into the atmosphere.

It anticipates that by 2028, Rocksavage will have enough hydrogen produced by HyNet to move towards a 100% net zero power generation power station as the Gas Turbine technology becomes available. 

InterGen’s Rocksavage Plant Manager Dan Fosberg said Rocksavage has been safely generating energy to power the north west for nearly 25 years, but in order to meet the UK’s net zero targets, traditional generation needs to adapt.

"HyNet North West will allow us to pivot our operations as we transition to a low-carbon world. The proximity of the Rocksavage Power Plant to the HyNet North West hydrogen network provides us with an exciting and unique opportunity," he said.

As soon as the first stage of the hydrogen network is available at Runcorn, InterGen intends to modify the existing generating plant to consume a blend of hydrogen with natural gas and start to reduce our emissions.

The HyNet North West project milestones mean that Rocksavage could be the first plant in the UK to blend Hydrogen with natural gas, a step forward for the industry in the target for net-zero. Once the gas turbine technology becomes available, it will explore options with HyNet North West to create a zero emissions power station using 100% hydrogen. 

The project will play a big part in supporting Liverpool City Region in its commitment to reach zero carbon by 2040 and accelerate the UK’s transition to net zero by 2050. 

Steve Rotheram, Metro Mayor of Liverpool City Region, said: “Putting the Liverpool City Region at the heart of the Green Industrial Revolution is one of my top priorities. With our existing strengths in green energy, we have the potential to become the UK’s renewable energy coast. 

“I am committed to doubling the number of green jobs in our region and exciting projects like HyNet will be a key part of that. We’re going to lead the way, not only in doing our bit to tackle climate change, but in pioneering new and innovative technology that in turn attracts more jobs and investment to our region.”

David Parkin, HyNet North West Project Director, said HyNet North West will play a big part in tackling climate change regionally. "It will ensure the region remains an attractive location for investment and for companies to grow through the establishment of a clean economy, protection of skilled jobs and creation of thousands of new long-term employment opportunities.

“Our partnership with InterGen at Rocksavage shows just how great an impact HyNet will have on the region – decarbonising homes, workplaces, travel and industry.”

HyNet North West is a low carbon energy project at the forefront of the UK’s journey to a Net Zero future, being developed by a consortium comprising Progressive Energy, Cadent, Essar, Inovyn, Eni, University of Chester, CF Fertilisers and Hanson.

Share article