| | JUNE 20206The Asia-Pacific energy and power sector is undergoing long-term changes with smart technology, new business models, and cross-industry digitization creating tremendous growth opportunities. Over the past five years, firms have invested an average of $330 million in digitizing their power plants. Continued investments will only see one in five power plants (19 percent) becoming `digital plants' by 2025, operating with approximately 27 percent lower costs and, together, contributing to a 4.7 percent reduction in global CO2 from power generation. With global electricity demand increasing year-on-year, these digital investments will ensure that traditional power plants can continue to contribute to an energy ecosystem increasingly shifting towards renewable energy sources.Moreover, with the rise of distributed power, the era of the virtual power plant (VPP) is upon us. These cloud-based, central or distributed hubs aggregate, optimize, and control distributed energy resources to deliver power without a physical plant. Given their ability to increase the overall efficiency, flexibility, and reliability of the electricity grid, VPPs represent a promising new growth opportunity for power companies. The VPP could serve as an antidote to the inherent variability of renewable energy systems by efficiently matching supply and demand across widely-distributed electricity producers and consumers.Nevertheless, this shift to a greener future may not be easy if not planned correctly. It is therefore essential, and simultaneously imperative for the businesses in the utility sector to build innovative methods by applying advanced technologies.In this edition of Energy Tech Review, we bring you the story of some of the most successful power plant technology companies that deliver the best solutions for their clients. This edition also offers a combination of thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the power plant technology that fits your requirements.Let us know your thoughts!EditorialDigital Power Plant of the Future is hereCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. JUNE - 08 - 2020, Vol 06 - Issue 09 Published by ValleyMedia, Inc. To subscribe to Energy Tech ReviewVisit www.energytechreview.com SalesRich Gonsalvesrich@energytechreview.comVisualizersScott JuasyManaging EditorCharlotte SmithE ERGYTech ReviewPOWER PLANTTOP 10TECHNOLOGY COMPANIES IN APAC - 2020Editorial StaffAaron Pierce Ava GarciaVian IsaacJoshua Parker Kenny PeruzziCharlotte SmithManaging Editoreditor@energytechreview.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
< Page 5 | Page 7 >