VoltDB in Smart Grids

paper-icon-miniSchneider Electric Paper
Stephen Dillon and John Brodeur of Schneider Electric recently published a paper that explores how the real-time analytics and decisioning capabilities of in-memory databases (specifically VoltDB) make them ideal for supporting the big data requirements of the Smart Grid.

Utilities can improve the efficiency and reliability of their electrical grids with real-time information from customers and suppliers. But to create a responsive electrical network, utilities need in-memory technology such as VoltDB to ingest and analyze that mass of data in real time.

Validation Editing and Estimation

VEE is the process of verifying customers’ meter data to discover gaps and spikes in electricity use. This data needs to be read quickly, and smart grid applications rely on in-memory technologies to perform the real-time analytics that help manage this information.

Real-time pricing and billing

For decades, electrical meters measured consumer use by recording consumption in 15-minute intervals and reporting the results daily. Real-time pricing and billing monitors consumption in the moment and bills immediately – giving consumers a newfound flexibility to track and pay for usage.

Real-time distribution

Measuring consumption and demand in real time, an intelligent distribution grid can best distribute electricity, support grid efficiency technologies, isolate problems and outages and restore power.

Grid management

The power of real-time information allows utilities to calculate the demand of electricity and pre-order additional electricity. Utilities can forecast days in advance with high accuracy.