Tata Power Delhi Distribution (Tata Power-DDL) and Deakin University, an apex Australian educational university, have joined hands to develop accurate power forecasting solutions through intense research programmes.
The aim of this partnership will be to develop solutions for short term, long term and day-ahead scheduling of power. The two organizations will also work on the areas of micro grids for development of future energy systems, a senior official of Tata Power-DDL said.
The two organizations will jointly work towards creating solutions in the field of power distribution through discussions and compound research on technically and commercially detailed information, logistics, data flow, technical infrastructure, policies, specializations and business-development models shared between them.
"It is a vision of the company to present itself as a future ready utility in terms of innovation and learning. We understand that now, smart solutions and renewable sources would take the centre stage, thus we are constantly integrating new technologies in our processes," Sanjay Banga, CEO of Tata Power- DDL said.
"I believe, the collaboration between business and academia drives knowledge exchange and innovation, and that innovation is what underpins economic and societal growth," he said," adding that this co-innovation partnership with Deakin will enable us to develop cutting-edge solutions which will not only help us but other power utilities to address the fundamental challenges of smart power distribution and to develop utilities of the future.
With India changing and achieving new heights, the electricity demands have also increased unexpectedly and a massive responsibility lies on the installed generating capacity to meet these ever-rising demands, the official said.
In this scenario, it is imperative to understand that to make the power grid more resilient and enhance the efficiency of power distribution to every nook and corner, new solutions and renewable energy sources needs to be integrated in the system, he added.
