Globally, electric utilities are looking to go digital as they modernize their systems to enable greater customer engagement and deploy new and emerging distribution technologies. The Power Grid 4.0 — Digitalization Forum, held in Montreal October 16 to 18, will provide a forum for professionals in the utility industry in North America to share best practices and lessons learned about digitalization.
The event is hosted by Hydro Quebec with the premier sponsor being SNC-Lavalin, an engineering partner expert at mastering complex projects over the last 100 years. The event’s other sponsors include Linxon, Juniper Networks, and Black & Veatch.
“Managing energy supply and demand is evolving and the interconnectivity between customers and utilities is changing our industry,” said David Murray Chief Operating Officer of Hydro-Québec and President of Hydro-Québec Production. “A great relationship between the North American utilities is key to develop and offer a better outcome that suits the customers’ needs.”
Nearly all utilities deploy their own information and communications technology (ICT) networks to provide day-to-day situational awareness of their infrastructure. As utilities invest in grid modernization in response to customer demand, these networks are being transformed to enable greater deployment of renewable and distributed energy resources that require a more flexible grid.
To support grid modernization, the investment in digital assets is paramount, and C-level executives are continuing to realize that now is the time to allocate resources to transform their core utility business.
“A vast portion of the power utility infrastructure in North America was constructed in the 1960s and is nearing ‘end of life.’ Power utilities are replacing their equipment while taking into account the numerous changes facing the industry. Such a digital transformation requires capital investments which, if done correctly, can be offset by significant reductions in operational cost. This forum has been created in order to address these issues,’’ said Alain Brière, VP and GM of Intelligent Networks & Cybersecurity, SNC-Lavalin.
- To understand the changing dynamics and the new revenue development for electric and energy management
- To know about new business models that meet commercial and residential customers’ expectations.
- To explain why it is essential to digitize now and learn the necessary investment strategies to get there.
- To learn how digitalization decisions will impact your utility, from IT, OT, physical and cybersecurity perspectives.
- To hear from senior utility executives and leading digitalization thought leaders from North America, who will breakdown the trends, opportunities, and challenges associated with the digital transformation.
- To network with interactive engaged people and to develop thought-provoking conversations.