Engineering technologies in energy saving: The impact of engineering technologies on the operating costs of enterprises

Abstract

Leading energy companies worldwide continue their investments in digital solutions, marking a significant advancement in their transformation journey. While the initial phase of digitalization in the electric power sector focused on specific areas, the current phase emphasizes comprehensive implementation of digital solutions across the entire technological spectrum. Digital technologies now play a pivotal role in predicting and modeling various processes, objects, and events, as well as in equipment design and modernization, energy infrastructure operation and management, and human resource development. The ongoing digitalization agenda in the electricity industry centers around the deployment of second-generation smart meters. It is projected that globally, six out of ten households will have these meters installed by 2028. Notably, the market for such devices necessitates periodic updates. Although the first wave of smart meter implementation commenced over 15 years ago, achieving full household coverage remains incomplete in many countries.The evolution towards intelligent metering devices aligns with the broader concept of the Internet of Energy, aiming to foster integration among all industry stakeholders through modern digital solutions.