pwr_february-2024 - 1

Established 1882 * Vol. 168
February 2024 Special Report
SPEAKING OF POWER
Connected Plant Conference Provides Path to Digital Transformation
SPECIAL REPORT:
ARTIFICIAL INTELLIGENCE
AI's Paradox in the Power Sector-Unleashing
Potential but Confronting Uncertainty
Artificial intelligence (AI) has experienced a remarkable surge in the power
sector. Some applications seek to optimize power plant operations and maintenance
or detect anomalies, while others focus on forecasting and predictive
maintenance. Nearly all AI applications are leading to tangible benefits for the
industry.
DIGITAL TWINS
Digital Twins Provide the Platform to Identify Potential
Problems and Improve Power Plant Performance
The power generation industry relies more than ever on the use of digital
twins to simulate the performance of power plant equipment. The benefits of
the technology are becoming more evident as generators pair systems with
artificial intelligence.
DATA UTILIZATION
Diversification of Power Generation Brings Greater
Need for Data-Based Decisions
Utilities and other power generators face new challenges as the energy sector
diversifies. New generation resources are being added to the grid, and new
technologies are changing the way electricity is produced and delivered. The
collection and analysis of data is at the heart of these changes, and critical for
the future of the electric power industry.
REMOTE MONITORING
From a Distance, Power Sector Gets Up Close with Assets
The practice of remote monitoring of power generation assets, taking advantage
of digitization and the Internet of Things, is an important part of today's
energy landscape. It provides real-time data, supports historical information,
and alerts operators to performance issues.
CYBERSECURITY
The Power Sector's High-Stakes Battle for Cyber-Resiliency
Cyber vulnerabilities exist in nearly all parts of the power industry. With
threats top-of-mind, the quest for good cybersecurity posture has evolved
into a crucial risk management strategy with several new drivers.
DIGITAL TRANSFORMATION
From Ideas to Assets: How Digital Solutions Provide
Value Through Project Lifecycles
Companies across the energy industry are accelerating their digital transformation,
using innovative software solutions to better plan and execute
projects, streamline operations and maintenance, and lessen potential risks
affecting assets.
27
February 2024 | POWER
www.powermag.com
1
24
18
9
6
ON THE COVER
Energy and power companies are accelerating
their digital transformation to
manage new project ventures, lower operational
risk, reduce downtime, increase
efficiency, meet regulatory compliance,
and remain competitive. Innovative software
solutions allow intelligent planning,
designing, and executing of projects, as
well as operating, maintaining, and securing
of assets. Source: Shutterstock
3
9
6
14
27
https://www.powermag.com/ http://www.powermag.com
pwr_february-2024

Table of Contents for the Digital Edition of pwr_february-2024
