Transforming Energy Management Through IoT-Enabled Monitoring

Joel Berntsen

Vice President of Strategy and Partnerships at Vutility

Session Description
Joel Berntsen, Vice President of Strategy and Partnerships at Vutility, boasts over 15 years of strategic leadership in sales, marketing, and technology. His journey spans from Fortune 100 corporations to nimble start-ups, where he’s shaped innovative product offerings. With a focus on smart building and energy management solutions, Joel’s expertise drives efficiency and sustainability in the IoT-enabled world. Recently, at the Oil & Gas Automation and Digitalization Conference 2023, he shared insights on scalable IoT-enabled energy monitoring. In this blog, we explore his impactful perspectives, revolutionizing asset performance optimization.

In the world of energy production and refinery operations, the challenge of monitoring non-critical yet essential assets has long been hindered by high capital costs. This gap often leads to manual tracking, lost revenue, and process downtime when equipment fails. However, Vutility’s innovative HotDrop technology is changing the game. Teaming up with a major energy producer, Vutility is introducing real-time visibility to refinery operations. Leveraging existing private LoRaWAN networks, HotDrops are enabling proactive monitoring of equipment performance at a fraction of traditional costs, with quick installation and payback periods. This shift empowers organizations to optimize performance and reduce downtime, setting new industry standards.

Extending Beyond Refinery Operations: Upstream Applications: Vutility’s HotDrop technology extends its impact beyond refinery operations to remote asset monitoring in upstream applications. This innovation allows remote field teams to prioritize service based on real-time data, resulting in increased asset production and uptime. As a transformative solution that bridges the gap between capital costs and critical asset monitoring, HotDrop technology is redefining efficiency, profitability, and operational excellence in the energy production landscape, paving the way for a more streamlined and optimized future.

Key Topics

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