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Agility in four areas

Increasing response speed in the energy market

The transformation of the energy systems is not only making it harder to ensure grid stability and a secure power supply. It is also bringing about cost pressure and pressure to innovate, as well as impacting the grid operators’ business models. Siemens is well aware of these challenges, thanks to its many years of close cooperation with customers from many different industries around the world. The products and solutions it has helped develop support energy companies in four different areas.

Fields of action for agility in energy

Agility: Taking swift, targeted action in the energy market

The transformation of the energy systems demands new ways of thinking and new approaches to the power supply. New technologies, innovative software solutions and future-oriented business models make it possible to act swiftly and in a targeted manner in the energy market.

Mastering the change together

Globally, energy providers face major challenges, even if the demands differ from region to region. Sometimes the key question involves the integration of renewables, or it may be the refurbishment of an ageing network infrastructure or the development of a reliable power supply in large, less populated areas. Their top priority is to guarantee a secure and reliable power supply at all times, and to be economically successful in the process. It’s only possible to invest efficiently and in a targeted manner if you are thoroughly familiar with the situation existing in the grids in question. New technologies and software solutions can sometimes make it possible to avoid investing in large, inflexible infrastructures entirely by improving the capacity utilization, lifetime and efficiency of existing resources. 

 

Although the transformation of energy systems is increasing the complexity and costs for the energy industry, it does offer new business opportunities as part of the energy ecosystems that are taking shape. To exploit them, companies need creative and financial leeway, new business models, an entrepreneurial spirit, flexibility in commercial thinking and action, rapid responses made possible by highly transparent information, the best possible use of existing resources, new knowledge based on data, a close link between technology and economic parameters, and efficient cooperation with other companies in the shared ecosystems. Not only is it necessary to finance this transformation, but a new way of thinking is also needed – and agility is what makes it all possible. 

 

Siemens has specific products and services to encourage this agility. Based on decades of experience in the areas of electrification, automation and digitalization, and in-depth knowledge of the industry, its portfolio comprises products, solutions and services developed in collaboration with its customers that are precisely what’s required. These enable the energy industry to offer a secure, reliable and economical energy supply system, both now and in the future.