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Improvements needed all along the energy conversion chain

In order to meet the sustainability challenges, measures must be taken along the entire energy conversion chain – from the utilization of fossil resources for power generation and transportation to improvements in consumption.

Interview

The Great Transformer

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Audrey Zibelman is in charge of making Australia’s energy market fit for the future. The Chief Executive Officer of Australia’s Energy Market Operator (AEMO) says digitalization is the key for a massive national transformation.

The Siemens Magazine
Read the interview

The future of energy

Ingenuity to succeed

Demand for energy is higher than ever and growing inexorably. To create a sustainable energy system, four core challenges must be addressed: security of supply, affordability, climate protection, and resource efficiency.

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Tomorrow’s energy system will need to produce much lower greenhouse gas emissions than the one we have today. That will mean managing a much higher share of renewable energy, fluctuating feed-in volumes and increasingly decentralized production.

The energy system has never been easy to handle. Digitalization actually makes it even more demanding to manage a sustainable energy system. At the same time, however, there will be many opportunities for more players to participate profitably in the market. These various operators and technologies will have to join forces in an intricate power supply system with new business models.

Australia and New Zealand will look to technological solutions that maximise export opportunities, offer communities and businesses an uninterrupted supply – even in remote areas – and turn the vision of a decarbonised power supply into reality.

With more than 140 years of global expertise in electrification, digitalization and automation, local teams at Siemens are here to support Australia and New Zealand in achieving a sustainable energy future.

Smarter digital technologies

More market participants also produce much more data than we've ever had before. In a large gas turbine alone, for example, hundreds of sensors measure temperature, pressure, flow paths, and gas compositions every second.

All of them – producers, prosumers and consumers – have to be connected in a smart way to enable the stable operation of the future energy system. There's no ignoring the lucrative opportunities offered by digitalization, but state-of-the-art analysis methods will be required to ensure the masses of new data are intelligently evaluated and fully utilised.

Exploring new technologies

Is there a role for hydrogen in Australia’s changing energy mix?

Hydrogen is often described as the fuel of the future. At the recently concluded Davos Economic Forum, 13 prominent global companies formed a ‘Hydrogen Council’ – committing to invest 10 billion euros in the hydrogen economy and infrastructure over the next 5 years.

Key trend

Distributed Energy Systems

Experts believe that Distributed Energy Systems (DES) constitute a key trend that will shape the grids of the future, and is already shaping investment decisions today.  

Further information

Resources

News and events

In the news

References

How Siemens is shaping the energy mix

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Fortuna power plant
Hornsdale

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