The global supply of stationary energy storage systems has expanded dramatically as the number of solar and wind farms increase – but ensuring the safe operation of larger systems is critical to their long-term success.
Electric utilities are realizing that distribution modernization programs, also referred to as grid modernization, can no longer be put off. Overhauling the electric distribution system will require upgrades to OT, as well as to the networks that allow IT and OT components to communicate to improve reliability. The benefits are clear: Grid operators need advanced sensors, communications and automation so they can see what’s happening in real time, which will lessen disruption while enhancing efficiency, reliability, security and safety.
Intent on safeguarding the nation’s largest electric grids from potential mayhem, federal regulators have stepped up their oversight of the security of power utilities in an attempt to protect it from threats and incidents such as widespread, long-duration blackouts caused by digital saboteurs. Cyber threats linger, however, with operational technology (OT), including water systems that are far less centralized and, thus, more vulnerable.
Newark, New Jersey, is experiencing a revival. Graduation rates are climbing, economic growth has risen, and the city has become increasingly prosperous and vibrant. Since its founding in 1875, Prudential Financial, Inc. has contributed immensely to this progress through significant investments in local infrastructure, organizations, and people. As one of Newark’s anchor institutions, Prudential’s commitment to the city has included a focus on pro bono service: a powerful tool for strengthening local nonprofits that, in turn, greatly benefits society.
Is it better to manage your company's workplace giving charitable funds distribution in-house or to work with a 3rd party partner? One Fortune 500 company was stunned when it calculated the cost of managing its company’s in-house system for processing employee charitable payroll contributions. The company assumed it was making a fiscally prudent decision by managing this process itself. However, after analyzing what it took to manage its homegrown system, the company quickly learned its assumption was false.
As part of Bechtel’s commitment to contribute 100 ideas to support the United Nation’s 2030 Sustainable Development Goals (SDGs), this case study examines how we can improve the resilience and security of vulnerable communities against the impact and implications of natural hazards by delivering projects that combine nature-based (green), traditional infrastructure (grey) and disaster risk reduction (DRR) solutions.
A strategic approach to solving the most critical problems around the world starts with a look at sobering numbers. The World Economic Forum’s 2018 Global Risks Report highlights that 70% of young people live on less than US$3.10 per day, and 90% of the world’s population breathes polluted air. The World Economic Forum has listed economic inequality as one of the most important global trends of our time.
The industrial ecosystem increasingly is turning to the Industrial Internet of Things (IIoT) in pursuit of quality control, efficiency and supply-chain improvements. But as sensors get cheaper, Big Data grabs a bigger footprint, and the technology gets ever more ubiquitous, complexities emerge with the broadening scale. With all this ability to measure and monitor, businesses risk drowning in a sea of data during the digital transformation. This challenge demands a strategy for structuring information, applying analytics and extracting knowledge to harness data’s value.
United Nations leaders see greater collaboration and partnership with the private sector as critical to progress on the Sustainable Development Goals (SDGs), according to a new study by the UN Global Compact and Accenture Strategy. One hundred percent of UN leaders surveyed believe that cross-sector alliances, networks and partnerships are essential to accelerating progress on Agenda 2030, and a clear majority (59 percent) believes that business will be the critical partner in the UN’s ability to deliver the SDGs.
Trane Technologies is a global climate innovator with a clear purpose to boldly challenge what’s possible for a sustainable world. See how embedding...
The business landscape is reorienting itself and you can almost hear priorities shifting toward change-readiness and the bigger picture. And in this...
