Thanks to recent advances in optimization technology, power plants built within the last 30 years are now able to reap the benefits of incorporating IoT into their ecosystem, which allows for increased energy production while simultaneously decreasing maintenance and transmission costs. Additionally, with the ability to deliver operational insights, energy companies can monitor, analyze, control, and optimize their facility assets in real-time while adjusting for varying levels of energy demand needed during peak and non-peak hours.
In the past, plant automation consisted of several siloed systems (from power generation to emission control) which were disconnected and worked independently of each other. Now, with the ability to connect these varying subsystems and achieve interoperability, plant managers are able to have a holistic view of the overall operation and make high-level decisions.
Having the ability to make these high-level decisions instantaneously, not only increases plant efficiency and asset management but also has a significant impact on the end user’s experience.