Siemens is to install a cloud-based meter data management system for power consumption data for Swiss utility BKW Group.
Swiss law now makes the installation of smart electricity meters mandatory and as a result the volume of data that BKW is required to process will increase more than 40,000-fold.
The cloud-based Siemens system, EnergyIP, will make it possible to record and analyze these huge data volumes automatically.
Siemens, working with Omnetric Group, the technology services company it founded with Accenture, will implement, integrate and operate the software as a service solution.
Siemens said putting Switzerland’s energy strategy into practice “requires power and infrastructure companies to align their grid-based processes with a large number of technical and commercial interfaces of market partners.
“Dealing with huge volumes of data and incorporating decentralized energy solutions necessitate a thorough reorientation of grid-based processes over the long term. That’s why the BKW Group decided to fully digitalize and automate the processes in its grid data management system. In doing so, it is laying the groundwork to efficiently implement the smart meter rollout that is required by law in Switzerland as an integral part of its Energy Strategy 2050.”
The meter data management system is expected to be installed by the beginning of 2019.
“Our technology offers BKW a comprehensive, integrated overview of its data and systems, making them easier to analyze and improving the decision-making processes,” said Thomas Zimmermann, chief executive of the Digital Grid Business Unit of Siemens Energy Management Division.
“The evolution of our energy system is well underway, and data is the new raw material for energy utilities. Innovative IoT technologies are essential if our customers are to derive commercial benefit from their data.”