top of page
Energy Utility_1501 x 626.jpg
LTI_white.png

The Electric Utilities Industry Technology Trends Radar 2024

Energizing the Future Faster:
Strategic Roadmap for Power Technology Trends

3

Horizons

5

Elaborate Segments

65+

Electric Utility Technology Trends

360

Degree View

Introduction

Key Takeaways from the report 

Contact form Anchor

“LTIMindtree’ s Crystal – Electric Utilities Industry Technology Trends Radar 2024 is the first edition of our report that presents a comprehensive view of emerging technology trends and their roadmap in the Utility industry. This report is a result of collaboration between our Global Technology Office and the Utilities Council. Our team of experts conducted rigorous research on the adoption of technological trends shaping the Electric Utilities industry.

grad_bar.png
grad_bar.png
grad_bar.png

Application of Cutting-edge Technologies: Leveraging Generative AI, Chatbots, and Design Thinking, utilities can enhance customer experiences, streamline operations, and increase agility. 
 

Intelligent Decision-Making in Volatile Markets: By utilizing blockchain and predictive AI models, utilities can make intelligent decisions in the increasingly volatile utilities market, where uncertainties of supply and demand prevail. 
 

Evolving Business Models: Through the integration of Advanced Energy Management Systems and Virtual Power Plants, utilities are evolving their business models, aiming for better shareholder returns and improved regulatory compliance. 

Top 6 Trends in Electric Utilities 

Elevating Experiences.png
  • Renewable distributed energy resources offer utilities multiple benefits, including supporting decarbonization and improving resilience.

Renewable & Distributed Energy Resources Integration

Enhancing Efficiencies.png
  • Hydrogen guarantee of origin enables organizations to monitor the origin of hydrogen from production to usage.

Decarbonization: Hydrogen Guarantee of Origin

Decarbonization.png
  • Greenhouse gas emissions reporting is an excellent opportunity to identify areas for savings through energy efficiency measures.

Green House Gas Reporting

Improving Reliability.png
  • By leveraging AI and ML algorithms, advanced analytics can optimize the charging and discharging cycles and anticipate grid conditions.

Real Time Asset Performance Monitoring

Energy Utility_414 x 488.jpg
  • VPP can help cater to the power demand of rural areas where power companies have limited grid infrastructure.

Virtual Power Plant (VPP)

Screenshot 2024-02-13 155615.png
  • (AMI) Network Health Monitoring allows consumers to monitor electricity consumption on a real time basis and fix faulty devices.

AMI (Advance Metering Infrastructure

More in Utilities : Must Read

brochure.png
GIS in Utilities
Utilities throughout the world are facing an unprecedented change. New tools and strategies  are required for capital-intensive ...
brochure.png
Smart Way of Managing Enteprise Infrastructure
Building smarter, more sustainable, and resilient infrastructure is not as complex as it first sounds.   There are many examples  now of best...
PoV.png
AI in Utilities
AI has the power to transform the Utility industry right from its operations and business model to customer engagement for electric...
LTI_white.png

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 82,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. For more information, please visit https://www.ltimindtree.com/

bottom of page