Collaboration will help transform power and
utility companies with AI and data-driven grid solutions built to
modernize and decentralize the energy ecosystem
NEW
YORK, June 18, 2024 /PRNewswire/ -- Deloitte
today announced a first-of-its-kind collaboration with Utilidata,
aimed at transforming the utility industry by leveraging AI and
data capabilities for intelligent power grid solutions. By
combining Deloitte's deep data science and energy industry
experience and incorporating NVIDIA's accelerated computing and AI
software platform, as well as the Utilidata Karman platform, the
new initiative will support clients as they navigate the modern
power grid, enhancing the use of renewable energy sources with
real-time, actionable insights powered by AI and low-latency edge
computing.
"Optimizing energy systems is imperative for intelligent grid
infrastructure — the balancing act is between reliability,
resilience and sustainability," said Khalid
Behairy, AI practice leader for power, utilities and
renewables and managing director, Deloitte Consulting LLP. "Through
our new collaboration with Utilidata and NVIDIA, we can bring our
industry advantage, redefine energy management and help create a
more digitized, decentralized, and sustainable energy
ecosystem."
As the U.S. power grid modernizes to adapt to the
decentralization of energy generation and the dynamic patterns of
consumption driven by electric vehicles (EVs) and renewable energy
sources, traditional methods of grid operation no longer provide
the dependability required for this critical infrastructure.
Smart grid implementation can create more flexible and efficient
energy ecosystems through meter-to-transformer mapping, real-time
hosting capacity, and distributed energy resource (DER) management.
Deloitte's recent distributed energy resources report shows
residential DER capacity could grow to 1,500 GW over the next
decade and surpass a doubled peak demand.
Deloitte's collaboration with Utilidata and NVIDIA will help
address this challenge by deploying distributed AI-driven analytics
at the grid edge, where power is increasingly generated and stored.
This custom module and platform — powered by the NVIDIA Jetson edge
AI platform and embedded in electricity meters and backed by
Deloitte's technology and engineering domain — transforms each
meter into a data collection and control point, capable of handling
thousands of data points per second. By providing real-time
insights that enhance the resiliency and sustainability of energy
systems, utilities companies can reduce energy demand forecasting
latency, improve response time and field team efficiency, and
increase grid safety and uptime.
"The electricity grid is becoming more complex with distributed
energy resources, and scaling requires collaboration between global
leaders," said Marc Spieler, senior
director, energy, NVIDIA. "Working with Deloitte will enable
utilities to use a truly open platform to achieve their
decarbonization and electrification goals at scale."
"Our goal is to bring the best tools and outcomes to the market
as the energy industry races to decarbonize and electrify," said
Jess Melanson, president and chief
operating officer, Utilidata. "By teaming with NVIDIA and Deloitte,
we continue to break down barriers to make it easier to deploy AI
at the grid edge to help solve the industry's biggest
challenges."
The deployment of AI-enabled smart meters exemplifies how AI and
edge computing capabilities enable grid operators to meet rising
energy demand from homes and businesses, all while advancing
decarbonization, affordability and resilience goals, and enhancing
consumer experience. Utilidata and NVIDIA are also working to embed
Utilidata's custom NVIDIA module with the Karman platform in other
distribution grid devices, helping utilities leverage distributed
AI for a wider range of grid planning and operational
challenges.
By providing easy access to high-quality data and analysis in
real-time, utilities can better understand and predict grid
conditions, identify distributed energy resources and understand
their impact, and reduce outages and equipment failure.
In addition to sustainability, intelligent grids can promote
equity. Deloitte analysis found that if building sector
decarbonization targets were met starting with low- and
moderate-income customers, all energy-insecure households in every
state could benefit from retrofitted, energy-efficient and
cost-saving homes by 2035. Historic federal funding for grid
investments alone could create 178,000 jobs in smart grid
operations according to Deloitte analysis.
This announcement follows Deloitte's recent recognition as the
2024 NVIDIA Global Consulting Partner of the Year for the
fourth year in a row. Learn more about Deloitte's work with
Utilidata and NVIDIA.
About Deloitte's IndustryAdvantage™
With IndustryAdvantage™, we give our clients access to the full
breadth of thinking, experience and technology from across
Deloitte, our people and our ecosystems. Because of our deep sector
knowledge, we can apply these capabilities in a targeted way to
help our clients differentiate their businesses from the rest of
the industry. Deloitte's targeted approach to core business
transformation is guided by our understanding of the future of
industries. Our industry capabilities are informed by the
collective insights of our strategy, engineering and innovation
talent, our external ecosystems and alliances; and our broad
experience delivering business-critical work for our clients. We
demonstrate areas of disruption for your industry and then
implement what can help your business create sustainable advantage.
For additional information and case studies on how Deloitte works
with clients to create IndustryAdvantage, visit our
website.
About Utilidata
Utilidata is an AI-powered technology
company providing utilities with robust, real-time insights to
operate a connected grid. The company's distributed AI platform,
Karman, provides unparalleled processing power to the electric
distribution grid to accelerate decarbonization and better serve
people. For more information, visit utilidata.com.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and
advisory services to many of the world's most admired brands,
including nearly 90% of the Fortune 500® and more than 8,500
U.S.-based private companies. At Deloitte, we strive to live our
purpose of making an impact that matters by creating trust and
confidence in a more equitable society. We leverage our unique
blend of business acumen, command of technology, and strategic
technology alliances to advise our clients across industries as
they build their future. Deloitte is proud to be part of the
largest global professional services network serving our clients in
the markets that are most important to them. Bringing more than 175
years of service, our network of member firms spans more than 150
countries and territories. Learn how Deloitte's approximately
457,000 people worldwide connect for impact at
www.deloitte.com.
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SOURCE Deloitte LLP