Hydropower, often overlooked in favor of solar and wind energy, remains a crucial source of renewable energy worldwide. Janice Goodenough, CEO of HYDROGRID, emphasizes the importance of recognizing and maximizing the potential of hydropower in the digital era.
Goodenough acknowledges the challenges facing the hydropower industry, including climate change impacting weather patterns and the aging infrastructure of existing hydropower plants. To address these challenges, she emphasizes the need for innovation and adaptation within the industry.
One key aspect that Goodenough highlights is the energy storage capabilities of hydropower. Many hydropower plants have the potential to act as a ‘green battery’ by utilizing water retention reservoirs for energy storage. However, the lack of digital technologies and tools in some plants hinders the optimization of this storage capacity.
To meet the evolving needs of the industry, Goodenough stresses the importance of embracing digitalization. HYDROGRID Insight, a modular platform developed by HYDROGRID, offers a comprehensive solution for digitalizing processes within hydropower plants. This platform combines machine learning algorithms with optimization capabilities to enable real-time responses to weather events and maximize electricity market revenues.
Goodenough also highlights the role of a new generation of operators in shaping the future of hydropower plants. With a demand for flexibility and access to real-time information, manual monitoring and reporting practices may no longer suffice. Embracing digitalization can attract and retain top talent within the industry.
The success of HYDROGRID Insight is evident in its various applications across hydropower plants worldwide. From managing inflow forecasting in India to automating dispatch processes in Norway, the platform offers tailored solutions for different operational needs.
Looking ahead, Goodenough remains optimistic about the future of hydropower, particularly with the advancement of digital technologies. She emphasizes the untapped potential of hydropower storage capacity and calls for increased investment in new projects and the refurbishment of existing plants to ensure a sustainable renewable future.
In conclusion, the integration of digital solutions like HYDROGRID Insight presents a significant opportunity for the hydropower industry to maximize its efficiency, adapt to modern challenges, and secure its role as a vital source of renewable energy in the years to come.
