Deloitte and Utilidata Establish First-of-Its-Kind Collaboration to Revolutionize the US Power Grid for a Sustainable Future

Collaboration will help transform power and utility companies with AI and data-driven grid solutions built to modernize and decentralize the energy ecosystem

NEW YORK, June 18, 2024 /PRNewswire/ -- Deloitte today announced a first-of-its-kind collaboration with Utilidata, aimed at transforming the utility industry by leveraging AI and data capabilities for intelligent power grid solutions. By combining Deloitte's deep data science and energy industry experience and incorporating NVIDIA's accelerated computing and AI software platform, as well as the Utilidata Karman platform, the new initiative will support clients as they navigate the modern power grid, enhancing the use of renewable energy sources with real-time, actionable insights powered by AI and low-latency edge computing. 

"Optimizing energy systems is imperative for intelligent grid infrastructure — the balancing act is between reliability, resilience and sustainability," said Khalid Behairy, AI practice leader for power, utilities and renewables and managing director, Deloitte Consulting LLP. "Through our new collaboration with Utilidata and NVIDIA, we can bring our industry advantage, redefine energy management and help create a more digitized, decentralized, and sustainable energy ecosystem."

As the U.S. power grid modernizes to adapt to the decentralization of energy generation and the dynamic patterns of consumption driven by electric vehicles (EVs) and renewable energy sources, traditional methods of grid operation no longer provide the dependability required for this critical infrastructure.

Smart grid implementation can create more flexible and efficient energy ecosystems through meter-to-transformer mapping, real-time hosting capacity, and distributed energy resource (DER) management. Deloitte's recent distributed energy resources report shows residential DER capacity could grow to 1,500 GW over the next decade and surpass a doubled peak demand.

Deloitte's collaboration with Utilidata and NVIDIA will help address this challenge by deploying distributed AI-driven analytics at the grid edge, where power is increasingly generated and stored. This custom module and platform — powered by the NVIDIA Jetson edge AI platform and embedded in electricity meters and backed by Deloitte's technology and engineering domain — transforms each meter into a data collection and control point, capable of handling thousands of data points per second. By providing real-time insights that enhance the resiliency and sustainability of energy systems, utilities companies can reduce energy demand forecasting latency, improve response time and field team efficiency, and increase grid safety and uptime. 

"The electricity grid is becoming more complex with distributed energy resources, and scaling requires collaboration between global leaders," said Marc Spieler, senior director, energy, NVIDIA. "Working with Deloitte will enable utilities to use a truly open platform to achieve their decarbonization and electrification goals at scale."

"Our goal is to bring the best tools and outcomes to the market as the energy industry races to decarbonize and electrify," said Jess Melanson, president and chief operating officer, Utilidata. "By teaming with NVIDIA and Deloitte, we continue to break down barriers to make it easier to deploy AI at the grid edge to help solve the industry's biggest challenges."

The deployment of AI-enabled smart meters exemplifies how AI and edge computing capabilities enable grid operators to meet rising energy demand from homes and businesses, all while advancing decarbonization, affordability and resilience goals, and enhancing consumer experience. Utilidata and NVIDIA are also working to embed Utilidata's custom NVIDIA module with the Karman platform in other distribution grid devices, helping utilities leverage distributed AI for a wider range of grid planning and operational challenges.

By providing easy access to high-quality data and analysis in real-time, utilities can better understand and predict grid conditions, identify distributed energy resources and understand their impact, and reduce outages and equipment failure.

In addition to sustainability, intelligent grids can promote equity. Deloitte analysis found that if building sector decarbonization targets were met starting with low- and moderate-income customers, all energy-insecure households in every state could benefit from retrofitted, energy-efficient and cost-saving homes by 2035. Historic federal funding for grid investments alone could create 178,000 jobs in smart grid operations according to Deloitte analysis.

This announcement follows Deloitte's recent recognition as the 2024 NVIDIA Global Consulting Partner of the Year for the fourth year in a row. Learn more about Deloitte's work with Utilidata and NVIDIA.

About Deloitte's IndustryAdvantage™
With IndustryAdvantage™, we give our clients access to the full breadth of thinking, experience and technology from across Deloitte, our people and our ecosystems. Because of our deep sector knowledge, we can apply these capabilities in a targeted way to help our clients differentiate their businesses from the rest of the industry. Deloitte's targeted approach to core business transformation is guided by our understanding of the future of industries. Our industry capabilities are informed by the collective insights of our strategy, engineering and innovation talent, our external ecosystems and alliances; and our broad experience delivering business-critical work for our clients. We demonstrate areas of disruption for your industry and then implement what can help your business create sustainable advantage. For additional information and case studies on how Deloitte works with clients to create IndustryAdvantage, visit our website.

About Utilidata
Utilidata is an AI-powered technology company providing utilities with robust, real-time insights to operate a connected grid. The company's distributed AI platform, Karman, provides unparalleled processing power to the electric distribution grid to accelerate decarbonization and better serve people. For more information, visit utilidata.com.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's approximately 457,000 people worldwide connect for impact at www.deloitte.com.

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SOURCE Deloitte LLP