Asset Management in a Changing Energy Sector
The energy sector is undergoing rapid change. For those working in the sector, keeping up to date with knowledge in order to help the business build value from effective asset management.
With renewable energy options becoming more the norm, and the brown coal-fired plants of old being disused and repurposed, it is timely to re-establish standards and protocols in systems, operation, and management. Bring in new frameworks to ensure system security and efficient capacity, and coordinate new forecasting to anticipate restraints in service and enhanced intelligence surrounding decision-making tools.
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At AMSPEAK, delegates were intrigued by the presentation by Michael Lesnie, Senior Associate from Qubist1, outlining the juxtaposition of small asset renewal projects in the utilities sector, and the capital expenditure of the business.
It has been said many times before that we are living in extremely challenging times. The terrain of enforced shut down caused by the coronavirus pandemic across towns and cities globally is unchartered. Nobody knows precisely what is best. Decisions made represent a fine balancing act between the health of people and the economic stability of the country. These are not mutually exclusive; most readers will be aware that economic stability in any country vastly improves the health of that country’s inhabitants.