Dubai PR Network, Online Press Release from Dubai and Middle East
 
Technology, Computers & IT(Technology)
Filter PR by
  
Deploying Smart Grids can help UAE economy diversify from oil and gas – Booz Allen Hamilton
 
  • Smart Grids can help lay the foundations for energy and cost-saving applications and renewable energy development in the MENA region
  • The utilities sector and the society stands to greatly benefit from wider adoption of smart grid technologies in the future
  • Developed countries are already leveraging smart grids to fulfill key priorities relating to energy efficiency and reliability

Dubai, UAE, January 12, 2017:  The utilities sector has historically under-invested in information technology (IT), but an increasing number of utility companies in the MENA region are waking up to the benefits of smart technology – particularly smart grids, a Booz Allen Hamilton report has found.

According to Masdar Institute of Science and Technology in Abu Dhabi, smart grids offer enabling technology to achieve the objectives spelt out in Abu Dhabi’s 2030 Economic Vision and indeed the other emirates. 

In Dubai, the Dubai Electricity and Water Authority (DEWA) is employing Smart Meters and Grids to provide various benefits and new applications to its customers, including automatic and detailed readings . Both of these are a sign of growing reliance on smart technologies to increase business efficiency in the UAE. 

In its latest report, Switched On: How MENA Can Build Smart Grid Success, Booz Allen states that customizing smart grid strategies to suit an organization’s objectives and mitigate challenges, while focusing on business transformation will determine the successful adoption of smart grids in the UAE.

Smart grids are a convergence of the electric power, communications and IT industries, built on the foundations of advanced metering infrastructure, or AMI—an integrated system that enables two-way communication between utilities and their customers.

Using a blend of classic electric grid with information, communication and control technologies, smart grids help utilities companies overcome many of the operating and customer service obstacles that stand in their way, thus delivering results for both companies and consumers.

The result is greater control over the production, transmission, distribution and retail of electricity, as well as increased efficiency along with the reduced consumption and cost of energy.

Dr. Walid Fayad, executive vice president at Booz Allen Hamilton MENA, says: “Utilities have traditionally been slow to adopt digital technologies, focusing instead on the operations technologies that enable their core business of generating, transmitting and distributing power. In doing so, they have typically taken a reluctant approach to IT, viewing it as a necessary evil for customer management and revenue collection.

“Increasingly, however, we are seeing that MENA utility companies are becoming open to employing smart grid technologies to manage their operations more efficiently. Smart grids provide an opportunity for the region to modernize its infrastructure and lay the foundations for renewable energy development which can help economic diversification.”

The way forward

The benefits of a smart grid are manifold, including opening up new opportunities for renewable energy production and storage. They also help cost-cutting, system upgrading and maintenance, and improve customer service to end-consumers. 

Furthermore, smart grids introduce new metering, billing and payment methods, as well as greater access to, and accuracy of, data and information for customers and utilities alike.

Several developed countries are already leveraging the smart grid to fulfill a number of key priorities, which relate primarily to energy efficiency and reliability. Utilities in North America, for example, have focused on distribution automation and transmission modernization to fulfill their goals.

But alongside any digital innovation come challenges and it is imperative that utilities companies fully understand these before they develop their smart grid strategies.

Dr. Adham Sleiman, vice president, Booz Allen Hamilton MENA, says: “Utility companies must remember that smart grid is not a one-size-fits-all solution. To optimize the investment that utilities make, the smart grid must be tailored to address the specific goals and challenges faced by each organization.” 

“For the region’s utilities to be successful in their smart grid strategies, they must take a more effective approach to technology selection, proofing and piloting, and focus efforts on developing solid strategies that take smart grid ambitions beyond the pilot, making tangible and lasting impact on the ground,” Dr. Sleiman concluded.

 

Posted by : Dubai PR Network Editorial Team
Viewed 5923 times
PR Category : Technology
Posted on : Thursday, January 12, 2017  9:42:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Fortinet Security Fabric Lays the Foundation for Intent-Base...
Next Story : Smart Stores Expo 2017 to Highlight Design and Technology In...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
SOUQ.com hosts two-day Samsung carnival with incredible offers on Mobiles, Wearables and A... [10260-Views]
Glamazle.com promises customers the perfect wings with its assortment of eyeliners and mas... [10187-Views]
Protect your hair this summer with SachaJuan's Over Night Hair Repair [10016-Views]
Perfect Fragrances to Celebrate Eid [8760-Views]
100 New Ways to Transform Your Home With the New Ikea Catalogue [7643-Views]
Next Major Smartphone From LG to Feature First-Ever OLED FullVision Display [7430-Views]
Da Vinci With Moon Phase: Homage to an Icon [7082-Views]
Eberhard & Co. SCAFOGRAF 300 timepiece [7009-Views]
LG V30 to Elevate Smartphone Camera to New Heights [6911-Views]
Michael Kors Access Expands With New Smartwatches, New Apps, New Faces and New Markets [6436-Views]
RAYMOND WEIL: Distinctive Freelancer 1212 Automatic for the elegant man [6204-Views]
Michael Kors Debuts New Bancroft Handbag Collection [6143-Views]
GCC's premium home appliance market to thrive with LG SIGNATURE [6082-Views]
Introducing the Fall 2017 GUESS Accessories Collection Advertising Campaign [6039-Views]
COÉGA Sunwear Launches Contemporary Autumn/Winter '17 Conservative Swimwear [5893-Views]
SAINT HONORE: Opera resplendent with refreshing burst of freshness makes ideal Eid gift [5819-Views]
BOVET artisans introduce new dial materials Aventurine and Meteorite [5691-Views]
A Post-Summer Pigmentation Saviour from MZ SKIN [5624-Views]
GROHE Blue Home – the private watersource for ultimate taste and enjoyment [5575-Views]
Six Down, Two to Go - ADSB Keeps Up Pace in Delivering Ships to Kuwait [5484-Views]
Malabar Gold & Diamonds receives Gemfield's ‘Retail Jeweller India Award' [5283-Views]
Eid Al Adha with Paule Ka Fall-Winter '17 [5252-Views]
Emily Ratajkowski wears Salvatore Ferragamo eyewear [4990-Views]
Global Jewellery Retail Chain Joyalukkas signs Award-Winning Bollywood Actress Kajol Devga... [4959-Views]
UAE is likely to see increased cashless transactions by 2020: Xpress Money's Strategy & Di... [4910-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories