Re-imagining the Sustainability of Electricity: Schneider Electric Calls for Renewables Adoption and Digitalization.

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Global specialist in energy management and automation, Schneider Electric, says the production of electricity through thermal power plants in Nigeria, runs counterproductive to the growing sustainability imperative of reducing carbon emissions.

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Managing Director, Anglophone West Africa, Christophe Begat states that although Nigeria has the potential to generate 12,522MW of electricity from its existing plants, it is currently unable to dispatch beyond 4,000MW — which constitutes a short supply. This gap he associates to significant waste and inefficient processes that have gone unchecked for a long time.

According to Begat, thermal processes account for 78% of the total electricity production. As a result, Schneider Electric sees a pressing need to factor in priorities such as accessibility, reliability, and affordability, and most importantly – sustainability, following the company’s new electrification strategy for Nigeria.

Schneider Electric estimates the share of electricity in the global energy mix to grow from 6% today to at least 40% by 2040. However, the energy company says it’s focus is not only on higher electrification but also on the means of electricity production — which is currently dominated by energy- and carbon-intensive thermal plants.

To this end, Schneider Electric is re-imagining the sustainability of electricity through a revolutionary solution it has phrased “Electricity 4.0”. Electricity 4.0 entails two primary tasks – Renewables adoption and digitalization.

According to Schneider Electric, Electricity 4.0 posits a more-electric, more-digital world that gives more and wastes less. From renewables-led production to fully digitalized electric grids for reliable

dispatchability, Electricity 4.0 represents a step change from conventional electricity — one that requires all stakeholders to move from conventional ways toward a sustainable shift.

This shift is so paramount and critical, Begat says, noting that the “zero” in electricity 4.0 connotes a zero-waste, zero-emissions, and zero-carbon future.

Globally, there is a visible shift toward renewables. Schneider Electric estimates the contribution of renewable sources, such as solar and hydro, to electricity production to increase six folds by 2040. For instance, systemic strengths such as hydropower, currently accounts for about 22% of Nigeria’s electricity production – an opportunity which must be harnessed at scale. It therefore recommends that Nigeria, and the larger West Africa, must be aligned with this energy transition.

Similarly, sustainability experts suggest that if renewables contribution is scaled to 50% by 2030, the resulting electricity could be at least 10% cheaper compared to the one produced by thermal plants. This will invariably complement affordability.

Begat proposes that existing systems must be digitalized through IoT and analytics solutions/retrofits, which can provide insights pertaining to inefficiencies, excessive energy usage, and faulty equipment.

Following a few case studies with Schneider Electric’s EcoStruxure — an IoT-led, plug-and-play, open, interoperable architecture platform — Schneider Electric reports that it registered up to 80% reduction in engineering costs and time, up to 75% reduction in maintenance costs, and up to 50% reduction in carbon footprint, on average, across sectors. By acting on insights, the Managing Director argues that practitioners can unlock savings in energy and maintenance costs and reduce carbon emissions, which have strong implications for affordability and sustainability. The nuanced, data-driven understanding can further open opportunities to add renewables to the mix and rationalize the adoption of IoT sensors and smart devices across the electricity value chain.

He also identified the role of initiatives such as the Nigeria Electrification Project (aimed at providing access to remote areas) and the West African Power Pool (grid interconnection for balanced energy security), as key initiatives that can drive accessibility and reliability. Consequently, the digitalization of grids has a direct bearing on reliable “dispatchability” to remote, rural areas, making digital grids, a compelling case for incorporation.

Ultimately, Schneider Electric advocates for multi-stakeholder participation and political will to sustain the momentum towards 100% electrification in Nigeria, being confident that this has the potential to lead to sustainable socio-economic development

 

Peter Okafor
Peter Okaforhttp://Naija247news.com
Peter Okafor Financial Journalist | Editor | Contributor Overview: Peter Okafor is a seasoned Financial Journalist, astute Editor, and valued Contributor at Naija247news Media Group. With an unwavering passion for dissecting complex financial landscapes, Peter has become a trusted name in delivering incisive and insightful coverage of economic events, market trends, and corporate dynamics. Professional Journey Peter's journey in financial journalism has been marked by a commitment to excellence. Joining the ranks of Naija247news, he has consistently demonstrated a keen understanding of the intricate interplay between finance and the global socio-economic fabric. Expertise: Specializing in financial markets, economic analyses, and business developments, Peter Okafor has honed his expertise over the years. His ability to unravel intricate financial narratives and present them in a comprehensible manner sets him apart in the world of financial journalism. Contributions As an Editor and Contributor, Peter has played a pivotal role in shaping the narrative of Naija247news. His contributions extend to thought-provoking articles, in-depth market analyses, and coverage of key events that impact the financial landscape. Educational Background: Peter holds a degree in Journalism, complemented by specialized courses in Finance and Business Reporting. His educational foundation has provided him with the tools to navigate the intricate world of financial journalism. Innovation and Adaptability: In an era of evolving media landscapes, Peter Okafor exemplifies innovation and adaptability. Leveraging digital platforms and emerging technologies, he ensures that financial insights reach a diverse audience, fostering financial literacy and awareness. Awards and Recognition: Peter's commitment to journalistic excellence has not gone unnoticed. He has been the recipient of several awards, recognizing his outstanding contributions to the field of financial journalism. Vision for the Future: Looking ahead, Peter Okafor envisions a future where financial journalism continues to empower individuals, shape economic policies, and drive positive change. His dedication to staying at the forefront of financial news underscores his commitment to this vision. Connect with Peter Okafor: - LinkedIn: [Peter Okafor](#) - Twitter: [@PeterOkafor_N247](#) In the dynamic realm of financial journalism, Peter Okafor stands as a stalwart, combining experience, expertise, and a forward-looking vision to illuminate the path of financial understanding for a global audience.

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