Duke Energy CEO Lynn Good shares company’s grid modernization plans
Roads, railways and broadband might come to mind when you hear the word “infrastructure,” but at Duke Energy, the first thing that comes to mind is the energy grid – the largest machine ever built. It’s the infrastructure that powers nearly every part of society, enabling communities to grow, businesses to thrive and families to live comfortably.
New Strategic Directions Report reflects rising role of Big Data across infrastructure systems
OVERLAND PARK, Kan., January 16, 2018 /3BL Media/ - Big Data’s potential to improve community quality of life while making critical human infrastructure more efficient and sustainable is overcoming lingering fears about the costs of smart city solutions.
CHARLOTTE, N.C., September 26, 2017 /3BL Media/ -- For the 13th consecutive year, Duke Energy has been named to Site Selection magazine's annual list of "Top Utilities in Economic Development."
In the magazine's September edition, it credits Duke Energy's economic development team and its successful collaboration with state and local partners for delivering more than $4 billion in capital investments and more than 14,000 new jobs in 2016. Duke Energy has been featured on the list every year since 2005.
The energy grid is the backbone of the new digital economy. That’s why Duke Energy is investing $25 billion to modernize it.
A smart grid offers many advancements: Smart meters give you control over how and when you use energy, and how much you spend; self-healing networks make power outages shorter and increasingly rare; and we can generate more energy from renewable sources, delivering cleaner energy to your neighborhood.
The future of electric utilities is tightly bound to their ability to provide automated distribution of electric services. To support these evolving intelligent delivery systems, reliable high performance Internet Protocol (IP) data communications are required. Today’s utility communications networks consist of two distinct parts: Information technology (IT) and operational technology (OT), with the IT network supporting the business operations and the OT network supporting electric service delivery operations.
A plan to modernize the energy grid means more than replacing substations and transmission lines. It will help you control your electricity use and save you money.
About the only time most of us consider the energy grid is when there’s a major power outage or a blackout in some place like New York or California. That’s in the past. As time goes on, we’ll be interacting with the grid more and more. This grid modernization will give customers more tools to control how much energy they use, all from a connected device such as a smartphone.
The term smart city has become ubiquitous in the technology world, and especially among the energy industry. But what does smart city really mean for utilities? How are utilities, as vital pieces of the smart city puzzle, working with municipalities and other entities to ensure seamlessly integrated systems? How do smart cities allow utilities to optimize the grid, and what does the “grid of the future” look like?
At the dawn of the Fourth Industrial Revolution, we are relying heavily on the impacts of a more digital grid. The previous revolutions had significant impacts on society – introducing steam, electricity and computing, but none that were so closely intertwined with technology.
We are at the dawn of the Fourth Industrial Revolution, defined by its velocity and volume, scope and scale, and systems impact. The foundation of this new era is squarely built upon the success of the "digital grid." The first three revolutions—defined by the introduction of steam and mechanization, electricity and computing, respectively—all had profound societal impacts, but they lacked the exponential rate of technological breakthroughs and complexity that define the fourth.