Energy Landscape in India
India’s rapidly growing population is accompanied by rising demand for energy and materials (E&M). A yawning rural-urban divide, exploding population, inadequate facilities, low standard of living-these are only but a few of the many challenges that lie ahead before India as it forges up on a steep ambition for development. On the other hand, the world at large is confronted by the urgent need to make industry, business and lifestyles greener and more environmentally responsible.
A key aspect of catering to this demand is sustainability. With this in mind, the country’s focus is steadily shifting from non-renewable resources such as coal to renewable i.e. solar and wind Energy. The key sectors in this E&M domain are Power, Oil & Gas, Chemicals, Metals, Mining, and Minerals and they face numerous challenges in the race towards finding solutions to innovate but improve efficiencies with adoption of technology at a global scale.
In recent years, digitalization has been the crux of innovation and maximization of energy efficiency. However, India is poised to soon take the EU’s place as the third-largest consumer of energy in the world. Energy, Metals and Mining companies must therefore make the most of digitalization and look beyond it to facilitate a sustainable future.
Increasing Energy Production while Reducing Carbon Emissions
The solution to this challenge lies in the use of renewable sources of energy. However, harnessing these sources for energy production is often inefficient and results in heavy losses of energy. It consequently lacks cost-effectiveness. Digital solutions to various challenges faced in engineering and operating these renewable sources of energy can prove to be crucial in reducing costs and making these sources more accessible.
Apart from the energy sources themselves, innovators must remodel grid systems to facilitate more efficient energy management. Energy companies must incorporate more digitalization to accomplish this.
Domestic Solutions to Meeting India’s Growing Energy Needs
The combination of industrialization and population growth continues to drive up India’s energy consumption. Consequently, as of 2018, India was importing 80% of its crude oil requirements. Minimizing these imports is crucial for both the economy and sustainability. The best way to reduce these imports while meeting the country’s energy needs would be through renewable energy sources, as mentioned earlier. Another practice that will contribute towards the same outcome is the implementation of a circular economy.
Circular economy refers to the reuse and recycling of materials to keep them in constant circulation, ideally nullifying waste and regenerating natural systems. It is the pinnacle of social and economic sustainability.
The benefits of a circular economy are –
- Economic growth
- Material cost savings
- Employment potential
- Reduced CO2 emissions
- Reduced material consumption
- Greater land productivity and soil health
Digitalization greatly helps manufacturers progress towards a circular economy by –
- Providing end-to-end visibility by linking all contributors in an integrated environment, thus reducing waste in manufacturing
- Minimizing wastes from physical testing by using virtual simulations
- Early detection of non-conformities through predictive analytics
Digitalization can be used to maximize efficiency and safety throughout the sector and help accelerate innovation. Dassault Systemes capitalizes on this concept at various levels.
Achieving zero-defect engineering via –
- Systems Definition
- Concurrent Design
- Multidisciplinary Synthesis
- Integrated Simulation
- Detailed, contextualized 3D instructions to mitigate errors and improve worker safety
- Automating allocation and procurement of materials to avoid wasting time, space, and material
- Maximizing profitability by combining historical data and future predictions of trends and behaviors
- Enabling modeling and simulation of various possible scenarios and outcomes to ensure preparedness
How Energy & Material Companies will Shape the Future
As the demand for both energy and materials continues to grow, the fate of future populations will rest in the hands of Energy, Metals and Mining companies. They will lead the charge towards a future where the concept of net-zero emissions is no longer implausible.
Net-zero emissions mean maintaining a balance between the emission and removal of greenhouse gases put into the atmosphere. This ‘Net Zero’ state is also referred to as carbon neutral.
The circular economy is a reliable solution to the current situation. With the increasing demand for non-renewable resources, many of which are used only once before becoming waste, a circular economy is a key to a sustainable future. Strategizing and executing a plan to regularize and normalize the circular economy will help convert resources into significant value, keeping them in circulation for longer.
The Energy, Metals and Mining companies once set on a path of achieving “Net Zero’ emissions through a circular economy, the ‘take, make and dispose of’ model will be left far behind, hence moving towards a better future.
In the face of strengthening competition, evolving technologies, and the pursuit of low-carbon economies, it is pertinent for Energy & Material companies to embrace sustainable business transformations.
For many, cost concerns are a major obstacle as they believe decarbonization would increase their conversion costs (manufacturing costs minus material costs) by 2030. However, one technology already used by companies to lower their costs and increase the quality can be applied to improving the sustainability of their operations, including reducing emissions: virtual twin experiences, a sophisticated version of the generic technology known as digital twins. Created with a combination of scientifically accurate 3D modeling and multi-physics simulation, virtual twin experiences allow companies to design and test both their products and operations virtually, before building or operating them in the physical world.
The Energy & Material sector of India must look beyond digitalization and into the transformation of their businesses. We, therefore, invite you to be a part of our virtual event, focused on the sustainable transformation of business models.
The Topics to be Highlighted During the Event
- Welcome Address
Speaker: Deepak N.G., Managing Director, India, Dassault Systèmes
- Sustainability and transformation through digitalization in the E&M sector Speaker: Florence Verzelen, Executive Vice President, Industry, Marketing & Sustainability, Dassault Systèmes
- Rethinking energy and materials to create a sustainable future Speakers: Thomas Grand, Vice President, Energy & Materials Industry, Dassault Systèmes; Mohammed Azmathulla, Sales Director, India, Dassault Systèmes
- Intervention of technology in Indian mining context Speaker: Piyush Srivastava, Chief, Natural Resource Division, Tata Steel
- Sustainable mining challenges, opportunities and solutions in India Speakers: Michelle Ash, GEOVIA CEO, Dassault Systèmes; Tanuj Mittal, Sales Director, India, Dassault Systèmes
- The Right Digital Foundation for Business Transformation in Energy & Materials Industry Speakers: Kanwaleet Singh, Sales Director, Energy & Materials, Dassault Systèmes; Amit Gupta, Senior Manager, Energy & Materials, Dassault Systèmes
Power: Accelerate Digital Transformation from CAPEX to OPEX
- Adopting best-in-class platform to overcome project execution challenges faced today and deliver projects on time and within budget Speaker: Sudeep Agrawal, Vice President and Head IT, ReNew Power
- Digitalization trends in Power & Utilities
Speaker: Abbas Zulfikar, Sales Manager, ENOVIA, Dassault Systèmes
- A unique PLM Platform for the entire nuclear engineering sector
Speaker: Xavier Ursat, Group Senior Executive Vice President, New Nuclear Projects and Engineering, EDF
Chemicals – Oil & Gas: Asset Reliability & Integrity Excellence
- Managing complex Business Processes/Projects sustainably through Digitalisation in Oil & Gas EPC Company
- Speaker : Neerav Mehta, Deputy General Manager, Project Control & Digitalization L&T Hydrocarbon and Abhishek TIWARI, R&D EPU Strategy Director, Dassault Systemes
- Dassault Systemes Solution Overview & Future Roadmap for Oil & Gas / Chemicals
Speaker: Philippe Audrain, Business Consultant Director, Energy & Materials, Dassault Systemes
- Predictive maintenance for reliable asset management Speaker: David Nicolaides, BIOVIA Industry Process Senior Scientist, Dassault Systèmes
- Turnaround asset management Speaker: Mansoor Shaikh, Technical Senior Manager, Energy & Materials, Dassault Systèmes.
Metals: Sustainable Operational and Business Performance in Metal Industries through Digitalization
- Digital transformation challenges and opportunities in metals and mining space Speaker: Vineet Jaiswal, Chief Digital Officer, JSW Steel
- DELMIA Quintiq for E&M Metal Supply Chain Planning Speaker: Koert Munnich, Industry Process Consultant, DELMIA Digital Continuity, Dassault Systèmes
- Improving Key Performance Indicators through Optimization of Production to match customer demand
- Speaker: Zdravko Smolej, Head of IT Automation and Sonja Kralj, IT Project Management officer, Slovenian Steel Group (SIJ)
Mining and Minerals
- Mining trends in India & adaptability of global trends in Indian Mining Industry Speaker: Suresh Chandra Suman, Executive Director, Mines, NLC India Ltd
- Virtual Twin of the Mine: Lifecycle Management Speaker: Wael Jaber, Global Director, Process Consulting, Dassault Systèmes
- Sustainable & Efficient Mine Execution
Speaker: Prashanth Mysore, Global Strategic Business Development, Dassault Systèmes
How to meet the exponentially rising needs of the Energy and Materials Industry, while keeping our innovations and initiatives aligned with Sustainable Goals
Speakers: Partha Sarathi Bhattacharyya, Director, Haldia Petrochemicals
V.R. Sharma , Managing Director , JSPL – Jindal Steel Power
R.S. Sharma, Former Chairman and Managing Director of NTPC, Former MD & CEO of Jindal Power & Former MD Bajaj Power
Antoine LAFONT DE SENTENAC, Energy & Materials Industry Value Expert Senior Specialist, Dassault Systèmes
Moderated by Sudheer Pal Singh, ET Energy