| |May 202192021 promises to be an exciting year for the power sector, particularly as India is poised at the cusp of tremendous growth in the power sector with rising energy investmentsEverything as a Grid Increasing automation, digital sensing and automated analytics-based solutions will enable the move towards a more efficient, reliable, resilient and responsive grid. Similarly, to improve operational efficiency and ensure effective network planning, distribution companies are also undertaking several digitization and grid modernization initiatives. Here are three ways in which we can implement grid for maximum efficiency:· Commercial buildings can integrate with the Grid for optimum utilization· Plants can utilize Microgrids· Data centers can monetize their under-utilized asset for example extra capacity of the UPS solutions which can double up as energy storageMass introduction of electric transportation infrastructure As the average cost of lithium-ion batteries has fallen drastically on a mixture of manufacturing economies of scale and technology improvements, companies and consumers alike are increasingly turning to electrification for power transportation, making the transition to electric vehicles (EVs) one of the largest potential areas for electrification. It is expected that the global EV adoption rate could reach 10%-12.5% by 2025.Introduction of new generation energy-efficient solutionThe year 2020 saw the birth of a new vision ­ Vocal for Local. Today many companies are focusing on building the base business through increased localizations. However, we should also focus on introducing products contributing to the identified megatrends energy transition and digitalization via:· EV Fuses, Solar Fuses, SF6 free MV · Redesigned RMU's· Focus on Localization of Switchgear productsThe energy industry needs to evolve rapidly if it is to meet the twin challenges of rising energy demand and reducing emissions. While renewable energies are developing rapidly, it is likely to take decades to transform the country's energy systems from conventional to renewable power generation. To balance the priorities of increased energy productions while maintaining lower emissions, India is leapfrogging by adding basic electrification while installing latest technology for power quality and smart grids--and investing more--in technological innovation. This will help the Indian power sector tread on the path of greater efficiencies, price advantages and increasing reliability and safety.With the declining impact of COVID-19 and higher visibility of vaccine availability, 2021 promises to be an exciting year for the power sector, particularly as India is poised at the cusp of tremendous growth in the power sector with rising energy investments.
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