Leading technology company IBM (NYSE: IBM) today announced the launch of the Smarter Energy Research Institute, a new industrial research collaboration model aimed at accelerating innovation across the global energy and utilities market.
Hydro-Quebec (Canada), Alliander (Netherlands) and DTE Energy (USA) join as the first members.
The Smarter Energy Research Institute is a new collaboration between corporate research and the energy and utilities industry to transform leading energy companies through the use of predictive analytics, system optimization and advanced computation to deliver better services to their customers.
The Institute will focus on five core innovation tracks to pursue joint research and where shared investments, knowledge and capabilities will benefit every member.
Each company will identify and be active in up to two tracks that match their business and operational priorities. The areas include:
Outage Planning Optimization â€“ reducing the amount of time a customer is without power
Asset Management Optimization â€“ improving the allocation of capital and operational expenses in upgrades and maintenance
Integration of Renewables and Distributed Energy Resources (DER) â€“ meeting renewable integration and distributed energy resource regulatory targets while ensuring system stability
Wide-Area Situational Awareness â€“ detecting anomalies across the grid in real-time to improve resiliency, reliability and energy quality
The Participatory Network â€“ using an engagement model to transform relationships with consumers
IBM made this announcement today, Oct. 25.
Photo courtesy: IBM