In a joint statement the Central Bank of the United Arab Emirates (CBUAE) and the Saudi Central Bank (SAMA) launched the ‘Aber’ project, which seeks to evaluate the feasibility of issuing a digital currency for use between the two central banks.

The main question is how to design a better system of Generation, Transmission and Distribution of Electric Energy, with low carbon, without reducing the reliability and without imposing undue and unnecessary costs.

Virtual Power Plant technologies are changing the way the electricity grid interacts with Renewable and Distributed Energy Resources.

To coincide with the first meeting of the new United States-United Arab Emirates Strategic Dialogue, U.S. Secretary of Commerce Wilbur Ross announced the Department is working to conclude two memorandums of understanding with Emirati government agencies promoting foreign direct investment, innovation, and entrepreneurship as well as the expansion of the International Trade Administration’s (ITA) Digital Attaché Program to Dubai, UAE.

The energy market is rapidly changing. In the past several years, power grids have transformed from a few well-controlled generating units to multiple distributed energy resources connected to a vast system managed by increasingly digital solutions.

OPEN100 online platform serves as a repository for engineering schematics, construction schedules and financial models, establishing a common framework to align technology start-ups, engineering firms, utilities and capital firms.

Now, electric grids are increasingly decentralizing, giving rise to cloud-based systems that pool resources to meet fluctuating consumer demand.

One of Rosatom's digital products is its information support system known as Multi-D, which enables detailed modelling of construction and installation processes based on 3D-object models that it says significantly increases the quality and speed of its work.

Peer-to-peer energy (P2P) trading is the buying and selling of energy between two or more grid-connected parties.

The data management needs of solar projects change as they increase in size and number, with larger teams of employees and greater operations and maintenance assignments.

The strategy involves removing parts and products made in hostile foreign countries, like China and Russia, from energy infrastructure and replacing them with local substitutes.

The foundation of AI is data and, based on the huge amount of it that utilities collect about customers, they’re well-positioned to deploy AI to improve customer care.

The typical customer only interacts with a utility intermittently, sometimes not at all for a year or two and typically only when there is a problem.

India intends to solarize its digital future. It became a world leader in the fight against climate change when Prime Minister Modi launched the International Solar Alliance with 121 member countries ahead of the Paris Agreement in 2015, with the primary objective to work for efficient exploitation of solar energy to reduce dependence on fossil fuels.

Two dominant energy industry themes—the move to cleaner energy and digitalisation—can be combined to “positively impact each other”, Shell CTO Yuri Sebregts told the annual meeting of energy technology heavyweight Baker Hughes in Florence on Tuesday.