Thursday, September 24, 2020

Deploying Smart Grids can help UAE economy diversify from oil and gas

The utilities sector has historically under-invested in information technology (IT), but an increasing number of utility companies in the MENA region are waking up to the benefits of smart technology – particularly smart grids, a Booz Allen Hamilton report has found.

According to Masdar Institute of Science and Technology in Abu Dhabi, smart grids offer enabling technology to achieve the objectives spelt out in Abu Dhabi’s 2030 Economic Vision and indeed the other emirates.[1]

In Dubai, the Dubai Electricity and Water Authority (DEWA) is employing Smart Meters and Grids to provide various benefits and new applications to its customers, including automatic and detailed readings[2]. Both of these are a sign of growing reliance on smart technologies to increase business efficiency in the UAE.

In its latest report, Switched On: How MENA Can Build Smart Grid Success, Booz Allen states that customizing smart grid strategies to suit an organization’s objectives and mitigate challenges, while focusing on business transformation will determine the successful adoption of smart grids in the UAE.

Smart grids are a convergence of the electric power, communications and IT industries, built on the foundations of advanced metering infrastructure, or AMI—an integrated system that enables two-way communication between utilities and their customers.

Using a blend of classic electric grid with information, communication and control technologies, smart grids help utilities companies overcome many of the operating and customer service obstacles that stand in their way, thus delivering results for both companies and consumers.

The result is greater control over the production, transmission, distribution and retail of electricity, as well as increased efficiency along with the reduced consumption and cost of energy.

Dr. Walid Fayad, executive vice president at Booz Allen Hamilton MENA, says: “Utilities have traditionally been slow to adopt digital technologies, focusing instead on the operations technologies that enable their core business of generating, transmitting and distributing power. In doing so, they have typically taken a reluctant approach to IT, viewing it as a necessary evil for customer management and revenue collection.

“Increasingly, however, we are seeing that MENA utility companies are becoming open to employing smart grid technologies to manage their operations more efficiently. Smart grids provide an opportunity for the region to modernize its infrastructure and lay the foundations for renewable energy development which can help economic diversification.”

The way forward

The benefits of a smart grid are manifold, including opening up new opportunities for renewable energy production and storage. They also help cost-cutting, system upgrading and maintenance, and improve customer service to end-consumers.

Furthermore, smart grids introduce new metering, billing and payment methods, as well as greater access to, and accuracy of, data and information for customers and utilities alike.

Several developed countries are already leveraging the smart grid to fulfill a number of key priorities, which relate primarily to energy efficiency and reliability. Utilities in North America, for example, have focused on distribution automation and transmission modernization to fulfill their goals.

But alongside any digital innovation come challenges and it is imperative that utilities companies fully understand these before they develop their smart grid strategies.

Dr. Adham Sleiman, vice president, Booz Allen Hamilton MENA, says: “Utility companies must remember that smart grid is not a one-size-fits-all solution. To optimize the investment that utilities make, the smart grid must be tailored to address the specific goals and challenges faced by each organization.”

“For the region’s utilities to be successful in their smart grid strategies, they must take a more effective approach to technology selection, proofing and piloting, and focus efforts on developing solid strategies that take smart grid ambitions beyond the pilot, making tangible and lasting impact on the ground,” Dr. Sleiman concluded.

[1] https://www.masdar.ac.ae/component/k2/item/5782-smart-grids-a-key-enabling-technology-to-achieving-22-10-2012

[2] https://www.dewa.gov.ae/en/customer/innovation/smart-initiatives/smart-applications-via-smart-meters-and-grids

MOST READ

The Avenues-Bahrain 3rd Year Anniversary Celebration

The Avenues-Bahrain is celebrating its 3rd year anniversary since opening its doors to the public on the 29th of October 2017. The Avenues –...

Carrefour Bahrain Introduces ‘Click and Collect’: The Latest Innovation for Faster and More Flexible Online Shopping

Carrefour, operated by Majid Al Futtaim in the Kingdom of Bahrain, is introducing Click and Collect, a new service that will give online shoppers...

Towards Creating Career Opportunities: Interview with Pakiza Abdulrahman

Bahrain Economic Development Board is an investment promotion agency chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme...

Gulf Air Resumes Direct Flights to Dhaka

Gulf Air, the national carrier of the Kingdom of Bahrain, announces that it has resumed its direct flights to and from Dhaka’s Hazrat Shahjalal...

Gulf Air Appoints Bahraini Country Manager in Kuwait

Gulf Air, the national carrier of the Kingdom of Bahrain, announces that it has appointed Mr. Mohamed Ibrahim Al Hamer as a Country Manager...

HH Shaikh Nasser bin Hamad receives INJAZ Bahrain Board Chairperson

Representative of His Majesty the King for Humanitarian Work and Youth Affairs His Highness Shaikh Nasser bin Hamad Al Khalifa received Board Chairperson of...

Volunteering for Humanity: The phase III clinical trials in the Kingdom

The phase III clinical trials are being conducted in the Kingdom in collaboration with Abu-Dhabi based G42 Healthcare using a vaccine developed by Sinopharm...

BD 150,000 ‘Shop & Win’ anniversary bonanza

Lulu Hypermarket is celebrating its 13th anniversary of being a retail leader in the Kingdom of Bahrain with a grand ‘Shop and Win’ e-raffle...

Batelco Launches Unlimited Business Mobile Packages

Batelco has unveiled its latest business mobile packages in a complete refresh of its existing packages, targeted at business customers including entrepreneurs, SMEs and...

Loan payment deference to help citizens, SMEs

The banks’ response to defer loan payments until the end of the year is a continuation of the initiatives in the financial and economic...

SCE launches training course for radiological and nuclear emergencies

The Supreme Council for Environment (SCE)’s CEO Dr. Mohammed Mubarak bin Dainah, launched the national training course on responding to radiological and nuclear emergencies. The...

Bahrain exports BD190 Million Worth of Products of National Origins during August 2020

The Information &eGovernment Authority (iGA) issued its foreign trade report of August 2020, encompassing data on the balance of trade, imports, exports (national origin),...

Bahrain marks World Patient Safety Day

Bahrain joins the world in marking the World Patient Safety Day observed on September 17. This year's theme is “Health Worker Safety: A Priority...

Adherence to precautionary measures national responsibility

President of the Supreme Council of Health and Chairman of the National Medical Taskforce for Combating Coronavirus (COVID-19) Lieutenant-General Dr. Shaikh Mohammed bin Abdulla...

stc Bahrain, the first telecom operator in Bahrain to offer Roadside Assistance and Home Assistance services

stc Bahrain, a world-class digital enabler, is the first telecom operator in Bahrain to venture into Roadside Assistance and Home Assistance services, expanding its...