Advanced Engineering Simulation
The energy and utilities (E&U) industry is evolving. Now more than ever companies are facing increasing market volatility, while geopolitics, abnormal weather and shifting regulatory frameworks create supply and demand issues. Therefore, there is a growing need for greater operational reliability. Even as our energy needs increase, society demands that its production occurs in more sustainable ways. The move toward net zero requires increased investment in decarbonization and a transition to green energy. A company’s reputation is dependent on how it
meets its environment, social and governance (ESG) targets.
As new technologies continue to emerge, the pace of digitalization is accelerating. To be more innovative and produce better outcomes faster, companies need to embrace digitalization to increase returns and remain competitive. So, how can energy and utilities companies shift their focus to master complexity, improve predictability and drive sustainable operations? By harnessing the power of multiphysics simulation.
Key drivers
- Supply and demand issues, abnomal weather and geopolitics are causing market volatility.
- Growing concerns over carbon emissions are driving the push toward sustainability.
- New technologies such as augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) create new possibilities for design and manufacturing.
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