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Showing posts with the label August 13

Fast Forward for Renewable Energy

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Accelerator Access for NEO Network Gives Companies the Connections and Tools for Rapid, Sustainable Progress — at No Cost The dynamics of the energy market are rapidly shifting, quicker than a Netflix show at ›› x3 speed. The electricity landscape is evolving, new technologies emerge at an extraordinary pace and the advent of IoT power is disrupting energy ecosystems . Many of these changes and trends are expanding the green and financial appeal of renewable energy. As we serve our clients daily, we hear from them that the extreme volatility of electricity prices in many markets, along with rising pressure from regulators and shareholders to promote sustainable operations, present a powerful incentive to act now. But it can be hard to figure out what options exist and which actions to take, which is why many companies still take a conventional, passive approach to energy and carbon management . So, in 2016, we launched the NEO Network (no “Matrix” reference intended), an online c...

In Oil and Gas Refineries, Digitization Software and Profitability are Now Intertwined

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Most Oil & Gas industry executives have grown accustomed to investing in new hardware for the purpose of rendering their refinery operations more efficient. The efficiency gains result in faster time to market and ultimately, this is reflected in the profitability of the operation.  While the gap between initial investment and return on that investment can vary, typical hardware investment ROI can range between 3 and 20 years depending on the nature of the asset. Recently a couple of very subtle, but different trends, have emerged surrounding software that provide opportunities to generate much shorter ROI scenarios (although modernizing hardware is still a very legitimate way to impact bottom line profitability).  One trend involves new generation digitization software that now allows plant operators to have a more direct impact on profitability, and, ultimately, ROI.  The second trend is the recent availability of end-to-end integrated and connected digitization pl...

Connected Products Gone Wild and My Garmin Vortex: IoT stuff you need . . . and some stuff not so much . . .

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We at Schneider, along with everyone else, have spent time trying to understand the impact of IoT. It seems most people at this point recognize the value of having devices and data. Of course, Schneider wants to provide infrastructure to support this ecosystem. As a global energy management leader, Schneider is devoted to ensuring data centers and the emerging hybrid cloud ecosystems are robust. Our industry will handle whatever the future of IoT demands and it will demand plenty. There are varying estimates but one I saw said humans will have 20.8 billion connected things by 2020. This is advanced technology and it comes with big time expectations. We also believe there is a generational change in expectations of availability of IT applications. Serious stuff. However, like any innovative technology, there are bound to be areas of overreach. So, we did a little research on connected products and discovered some interesting devices. Some self-absorbed self-reflection When we star...