{"id":6170,"date":"2023-10-08T03:50:45","date_gmt":"2023-10-08T03:50:45","guid":{"rendered":"https:\/\/www.theoaktree.us\/?p=6170"},"modified":"2023-10-08T03:55:27","modified_gmt":"2023-10-08T03:55:27","slug":"the-oaktree-takes-the-utility-to-3-0","status":"publish","type":"post","link":"https:\/\/www.theoaktree.us\/?p=6170","title":{"rendered":"The Oaktree takes the utility industry to 3.0"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6170\" class=\"elementor elementor-6170\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3f12428 e-flex e-con-boxed e-con e-parent\" data-id=\"3f12428\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7611177 elementor-widget elementor-widget-heading\" data-id=\"7611177\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Utility Industry 3.0: Challanges &amp; How The Oaktree see how they can be solved.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7e8bad9 e-flex e-con-boxed e-con e-parent\" data-id=\"7e8bad9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-22aac88 elementor-widget elementor-widget-text-editor\" data-id=\"22aac88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Reading Electric Power Research Institute&#8217;s report &#8220;<a href=\"https:\/\/www.epri.com\/research\/products\/000000003002017143\">An Introduction To AI, And Requirements For The Electric Power Industry<\/a>&#8220;, there are several things that pop out.\u00a0<\/p><p><strong><span style=\"text-align: var(--text-align); background-color: var(--wp--preset--color--background); color: var(--wp--preset--color--body-text); font-size: var(--wp--preset--font-size--normal);\">1. The Utility Industry is facing a huge challenge<\/span><\/strong><\/p><div>The Utility Industry doesn&#8217;t have the brand to recruit the top AI experts, on the other hand, the young AI companies don&#8217;t have the industry skills to an extent where they can define the problems that need to be solved. This is something that the report brings to the table. Something that the report doesn&#8217;t bring up, is how AI will change the manufacturing of our plants, and how data can be brought back from the operation in order to decrease the cost of service.\u00a0<\/div><p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Fourth_Industrial_Revolution\">Industry 4.0 <\/a>will force utility industries to work differently, focus more on solving problems, not just on sustaining the processes. AI will play a big role when it comes to optimizing the utilities processes. Here the various teams will have to work on understanding the data to build the right abstracts in order to develop better algorithms.\u00a0<\/p><p><b>2. Not taking the &#8220;Closed Loop&#8221; into consideration<\/b><\/p><p>The report misses a consequence of the distributed power generation, and that is what we at The Oakree call the closed loop. In order to deliver resilient, carbon-negative energy, the Utilities need to look outside of the box and understand that it is a loop and not a linear production. Carbon-negative energy begins by closing the loop between production and operation, using the data to reduce the cost of operation.\u00a0<\/p><p><span style=\"text-align: var(--text-align); background-color: var(--wp--preset--color--background); color: var(--wp--preset--color--body-text); font-size: var(--wp--preset--font-size--normal);\"><b>3. Distributed Power generation<\/b><\/span><\/p><p><span style=\"text-align: var(--text-align); background-color: var(--wp--preset--color--background); color: var(--wp--preset--color--body-text); font-size: var(--wp--preset--font-size--normal);\">The report mentions the fact that the Utility Industry has to become more distributed but only talks about solar and wind, energy generators that today are under some pressure when it comes to the <a href=\"https:\/\/www.myclimate.org\/en\/get-active\/corporate-clients\/product-carbon-footprints-pcf-and-life-cycle-assessments-lca-myclihttps:\/\/www.myclimate.org\/en\/get-active\/corporate-clients\/product-carbon-footprints-pcf-and-life-cycle-assessments-lca-myclimate\/mate\/\">Product Carbon Footprint (PCF)<\/a>. <a href=\"https:\/\/en.wikipedia.org\/wiki\/Biomass\">Biomass<\/a> and <a href=\"https:\/\/en.wikipedia.org\/wiki\/Thermal_energy\">thermal energy<\/a> are not mentioned, both areas still can evolve a lot.<\/span><\/p><p><span style=\"text-align: var(--text-align); background-color: var(--wp--preset--color--background); color: var(--wp--preset--color--body-text); font-size: var(--wp--preset--font-size--normal);\"><b>4. Conclusion<\/b><\/span><\/p><p>The article is on point when it points to the fact that Utilities need to attract AI experts who have a deep understanding of power generation and distribution. The Oaktree also says that they are needed when analyzing all the data, bringing it back to manufacturing when the next generation of power plants are developed. Power plants would like software to have continuous minor updates and then when a new plant is being built, there will be major updates.\u00a0<\/p><p>The biggest challenge will be recruiting talent and to change our organizations to handle all the data in the best possible way.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-058c208 e-flex e-con-boxed e-con e-parent\" data-id=\"058c208\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7676a41 e-flex e-con-boxed e-con e-parent\" data-id=\"7676a41\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-860a5ea elementor-share-buttons--view-icon-text elementor-share-buttons--skin-gradient 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AI.<\/p>\n","protected":false},"author":1,"featured_media":6171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[137,65],"tags":[35,74,34,113,27,114],"class_list":["post-6170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-oaktree","category-training","tag-ai","tag-energy","tag-machine-learning","tag-oil-industry","tag-science","tag-thermal-energy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Oaktree takes the utility industry to 3.0 - The Oaktree<\/title>\n<meta name=\"description\" content=\"The Oaktree takes the Utility to 3.0 by closing the loop between manufacturing, generation, construction and service though AI.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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