Getting there will require some creative engineering — both reimagining the usual suspects like turbines and generators as well as deploying new cloud-based digital tools and data analytics. GE has a few ideas.
Technological advances from the Industrial Internet to renewables are transforming the energy industry. Here are the key trends to watch over the next decade.
Hyper-connectivity is transforming many industries — few more so than the energy sector. The expansion of the industrial Internet and power of Big Data analytics is enabling power companies to predict maintenance failures and approach zero downtime, while smartgrids and apps are empowering consumers to become producers.