Energy & utilities
The Energy & Utilities industry comprises all the stakeholders involved in the generation and management of various energy resources from coal to oil, gas, nuclear, renewables and water. Regardless of the industry sub-segment, the historical Energy & Utilities ecosystem is structured around key functions including production, processing, storage, transport and supply. New entrants (e.g. RenTechs, service providers) are shaking established operating models.
A set of technological innovations are radically reshuffling the Energy & Utilities value chain by creating new business opportunities.
For example, smart grids and new power storage solutions are driving the energy value chain downstream, from centralized production to downstream local micro-stations. The trend for smaller and local generation plants will increase driven by the emergence of prosumers, storing or reselling their positive energy directly to each other or to the national network.
New data-augmented operational models such as CPFR, based on IoT-leveraged solutions, enable market players to move towards more collaborative and integrated supply chains to reduce their costs (reduced stock shortage, shorter delivery times) and better serve their clients.
Mastering data from different sources allows industry actors to switch from a product offering to a service offering, for their clients, enabling new business model to appear (based on performance, Pay-as-you-Use, etc.)
Key technological enablers
Virtual reality (VR) ensures the reconstruction of a realistic and personalized 3D environment. Combined with a 360° vision headset, the VR offers real life simulation, training or entertainment experiences that are all faithful and impactful due to their immersion possibilities.
Augmented reality (AR) adds virtual elements (indications, clothing, furniture…) to the real environment. Advances in image recognition and digital modeling not only allow the emergence of new and enhanced customer experiences, but also the assistance of any field operator in real time.
Batteries & Energy Harvesting
The improvement of charging speeds and energy storage capacities allows the development of more autonomous and efficient electronic equipment, some of which can capture energy from their environment.
Deep Learning uses machine learning in successive layers, allowing engineering features to be automated; it relies heavily on neural networks. New algorithms, access to large computing capabilities and the multiplication of the amount of usable data enabled radical progress in areas previously reserved for humans, such as vision and language.
Advances in molecular chemistry, nanotechnology and biotechnology are enabling the emergence of “intelligent” materials, which can be programmable, with shape memory, miniaturized or with better physical properties.
The Blockchain is a technology for storing and transmitting information without a control body, based on the progressive and inviolable enrichment of a chain of blocks. This decentralized infrastructure offers promising opportunities for authentication and the establishment of a chain of trust, which are essential in the Internet age.
Sensors & Mems
Microelectronics has led to fundamental advances in sensors and actuators. More compact sensors (nanotechnology), less expensive, with embedded intelligence, with more autonomy and sometimes self-sufficient in energy, allows more precise control of assets, production lines or the operation of complex systems.
The Cloud brings together all the technologies that allow remote data storage and processing, often on shared solutions. The pooling of material costs and the development of platforms give any company access to flexible, high-performance, secure and cost-effective IT infrastructures and services.
Examples of eleven’s support in the industry
Development of an IoT solution, to help mine managers better monitor all their energy consumption
Creation and implementation of an IoT solution to streamline the supply chain of a major Oil & Gas company