Hitachi ABB Power Grids has announced the launch of its Smart Digital Substation, with the unique predictive, prescriptive and prognostic capabilities of Hitachi’s industry-leading Lumada Asset Performance Management (APM) solution (Data-driven health and performance insights to optimize asset lifecycle performance and costs). The Smart Digital Substation forms part of a new wave of innovation that began with the recently announced integration of Hitachi ABB Power Grids’ Digital Enterprise software (offers information technology and information management solutions tailored to your organization or agency’s needs) into Hitachi’s Lumada ecosystem (advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation).
By replacing copper wires with fiber optic cables, the Smart Digital Substation enables companies to reduce their carbon footprint. Operators are now empowered with more data– from the composition of a circuit breaker’s insulation (a red flag for potential catastrophic failure) to using unstructured video footage to help determine the probability of unplanned downtime for primary equipment throughout the substation. The Smart Digital Substation also makes it possible to increase reliability, integrate new forms of cleaner energy and deliver energy services in smarter, safer ways – necessities for navigating the shift towards more distributed and less predictable renewable power generation. The digital substation market is projected to grow at a CAGR of 7.1 percent over the next five years from $6.4 billion in 2020 to $9.1 billion by 2025.
Link to the news: https://www.hitachiabb-powergrids.com/news/global-news/press-releases/hitachi-abb-power-grids-drives-digital-transformation-of-the-power-sector-with-new-smart-digital-substation