By Utility Analytics Institute |
27 February 2012 |
With more demands on the energy grid than ever before, the 2012 Grid Analytics Report from the Utility Analytics Institute, a division of Energy Central, provides meaningful intelligence to help utility industry executives manage distribution, optimize management of assets, and drive innovation. The exclusive report — second in a series of four — includes hundreds of key findings, including:
- 47% of utility companies have grid analytics initiatives implemented or projected, with 67% of those planning to start in the next year
- North American grid analytics spending will grow by 33% per year, from $215 million in 2011 to $902 million in 2016
- Approximately 72% of grid analytics initiatives focus on grid optimization
"The Grid Analytics Report provides data and advanced analysis to enable utilities to make smarter, faster decisions and better plan, design, construct, operate and maintain energy transmission and distribution networks," says Utility Analytics Institute vice president Mike Smith. Developed by the Utility Analytics Institute's team of analysts, the grid analytics market is analyzed in two key areas — asset optimization and grid optimization.
Asset optimization analytics is utilized to maximize grid asset performance and reliability, including transformer and substation management and overall transmission and distribution infrastructure management. Grid optimization analytics drive the optimization of grid operation to minimize power losses while maximizing efficiency and quality, including outage management, predictive modeling, power quality optimization, advanced distribution management and analytics for real-time applications.
The report also includes in-depth interview summaries and analyst notes, solution and service provider summaries, survey information, analyst biographies, and much more. Visit www.energycentral.com/uaireport
for additional information.
About Utility Analytics Institute
The Utility Analytics Institute, a division of Energy Central, is the place where utility analytics leaders turn to for answers, offering expertise, deep research, and networking venues to those engaged in leveraging analytics for grid and customer operation improvements. The Institute provides numerous professional development and networking opportunities, including the Executive Insight Series, quarterly research reports; timely web seminars; a Spring Summit (www.uaisummit.com) and Fall Forum (www.uaiforum.com); and custom research and consulting services from experienced senior analysts. Contact the Utility Analytics Institute for more information: 800.459.2233 www.UtilityAnalytics.com
About Energy Central:
Energy Central was founded in 1996 to satisfy the global power industry's need for a reliable, trusted information hub where executives and field representatives alike could share ideas and discuss concepts that could alter the future of electric energy. Energy Central provides groundbreaking research, insightful reports and analytics, advisory services, and original, thought-provoking commentary — in print, online and through well-attended events — on energy-driven topics such as utility business, smart grid, renewable energy, energy storage, transmission and distribution, generation and customer analytics.