Asset management for a greener grid

Asset management for a greener grid 

Asset Management is an essential grid operator practice that has existed for many years. New IoT technologies can today not only improve its overall efficiency of the electricity system but also contribute to the European Union Green Deal objectives.

Fundamentally, this is about using less resources all over the life cycle of the grid without increasing the risk and enabling the usage of more renewable energy generation to achieve a climate-neutral energy system. Understanding the relation between asset management and green objectives is likely to accelerate the deployment of such advanced solutions on a wide scale that should ultimately benefit the end user.

This paper explores how a modern asset management practice contributes to a greener grid through a series of new tools driving the proper opex and capex decisions. Moreover, it outlines the financial benefits that can be triggered by efficient asset management. It then suggests the set-up of an indicator to follow the progress that would become a part of an overall smart grid monitoring process.