Investments in digital energy reached $ 55 billion globally last year, growing at 20 percent every year. These investments are in the areas of digital transformation of the power sector through smart meters, energy management systems, automated demand response, etc. In an interaction with Industrial Product Finder, Dushyanth Reddy, Vice President – Power Generation, QuEST Global, speaks about how digitalization in power industry is the way forward and can help power plants optimize their asset utilization and increase asset life thus curbing the problem of nonperforming assets (NPAs).
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