Enabling grid modernization for a smart energy future
Smart grids are energy management networks that distribute electrical energy using digital technologies and IoT solutions. Corinex’s smart grid flagship offering consists of GridValue software and EnergyGrid networking products. It is a smart grid solution that integrates distributed energy devices and provides real-time energy data, analytics, and predictive models.
An adaptable, secure, and sustainable electric grid enabled through energy digitalization
Integrating intelligence into energy grids creates new opportunities for decarbonizing our economies by enabling live management of renewable energy installations, energy storage facilities, and increasing energy efficiency of existing energy distribution networks. These smart grid networks provide value to both energy distributors and energy consumers by reducing energy waste and energy costs.
Socio-environmental factors such as urbanization and climate change are increasing renewable electricity’s share of global energy consumption. This is leading to a progressive transformation of the energy landscape spurred by governmental incentives to decarbonize and integrate renewable energy. Intermittent energy resources such as wind farms, solar, etc., have highly variable energy output and are often decentralized, causing changes in energy flows which pose a challenge for existing power grids. To address these challenges, the energy industry is investing in information networks that sense and optimize electric grids. Network digitalization and smartification can help energy providers and utilities reduce rising costs, address issues of power quality, grid stability, and aging equipment.
The smart grid brings new opportunities to increase energy asset lifespan, optimize supply and demand, reduce grid maintenance costs, and create new revenue streams. Corinex is the world leader in Broadband over Power Lines (BPL) technology for energy management and grid network digitalization. Our EnergyGrid smart grid offering is a vertically integrated energy management solution designed to connect, facilitate, and manage large and scalable deployments.
By enabling proactive operations, predictive maintenance, remote troubleshooting with energy management analytics, and other IoT features, smart grids allow utilities to operate their energy infrastructure far longer, and with sizeable labor and material cost savings.
Smart grids reduce the frequency and duration of outages, cost of interruptions and power quality disturbances, and the probability and consequences of widespread blackouts.
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Smart grids improve energy network efficiency which reduces the cost of generating, transmitting, and consuming electricity; this also reduces O&M costs, capital investments, energy usage, and energy waste.
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Smart grids offer a more resilient operational environment that guards against cyberattacks as well as natural disasters. A grid integrated with energy intelligence can deter and withstand physical and cyber-attacks and improve public safety.
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By enabling a larger penetration of renewables and improving reliability, efficiency, and safety, smart grids generate opportunities that result in the creation of new products and services, stimulation of operational economics, and the reduction of emissions.
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Pioneering a new era with energy intelligence
Corinex is committed to supporting our customers in achieving their goals. Delivering the world's best energy-efficient projects which are built around a philosophy that comprises three core components that help our customers become “grid edge natives”.
With more devices and connections in the grid requiring high-speed communication, Corinex provides an industry-leading solution with the highest level of security and near real-time analytics that manage these increasingly complex systems. These solutions are enabling utilities to take full control of their grid operations.
As utilities’ assets become more distributed and consumers contribute a greater share of renewable energy, network management systems become key. Corinex provides state-of-the-art data aggregating and analyzing software, enabling utilities to provide the next generation of smart grid applications and services.
As a technical leader in the development of the standardized broadband powerline communications, Corinex works in close collaboration with industry associations and main market players. We promote an open exchange of information, to benefit global energy customers.
Corinex’ complete solutions for digitalizing electric grids enable high-speed communication over power lines, computing at the edge of the grid, and high levels of security. Discover how Corienx’s other offerings help reshape the energy landscape by bringing intelligence to the electric grid.
Smart grids reduce operational costs by eliminating the need for manual truck rolls and labor to read meters and less demand on call center operations, engineering, and outage response resource.
As electricity distributions are interrupted less frequently and for shorter durations, it ensures a more stable stream of utility revenues.
Improved regulatory compliance
Smart grid technologies help utilities meet regulatory obligations to reduce carbon emissions by making greater use of renewables and supporting more efficient generation, transmission, and distribution.
Enhanced customer engagement
More tailored and competitive products and services can be provided by utilities due to the ability to collect insights and an accurate picture of customers’ usage patterns.
Improved employee safety
Employees of utility companies are subjected to hazardous conditions less frequently, consequently reducing operational and management costs.
By efficiently managing peak load and energy consumption, smart grids allow utilities to "get more through existing assets"
Employee productivity can be greatly improved through the integration of energy intelligence that optimizes the O&M process.
Extended asset life span
Smart grids extend the life span of utilities’ assets through improved asset health management.
Improved load forecasting
Smart grid technologies enable more accurate analysis and predictions of peak load and energy consumption patterns, providing utilities with more information to make decisions when new capital investments are needed.
With the real-time two-way connection that smart grid technologies provide, utilities can remotely and instantaneously manage the grid, resulting in a reduction of the probability that a man-made cyber or physical attack could occur.
Improved operational safety
Smart grid technologies reduce the theft and vandalism of property due to the increased detection and communication capability.
Shortened restoration time
Smart grid technologies improve restoration times following storms and other natural disasters.
Improved employee safety
Smart grid technologies reduce the operational risks and hazards inherent in electric systems, allowing a shorter time of exposure to those hazards for utility workers.
More diversified demands
Smart grid technologies create new opportunities for renewable generation and storage to support and integrate increased levels of intermittent resources.
Smart grid technologies such as distributed energy resources(DER), microgrids, and vehicle to grid can create numerous opportunities for utilities to leverage their resources and enter new markets.
Due to the improvement in metering accuracy of smart meters over traditional ones, reduction in the cost of outage response resources, and more efficient generation, transmission, and distribution of electricity, steady and strong revenue growth is subjected to be seen.
Reduced carbon footprint
The smart grid can reduce emissions by enabling the integration of clean, renewable generation sources, reducing electrical losses, increasing penetration of distributed energy sources, and increasing energy conversation through feedback to consumers.