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The entire value chain benefits from smart solutions deployed from the edge back to the utility.
FREMONT, CA: The Internet of Things enables data pipelines, real-time data transmission, and information collection. A smart grid is one of the applications of IoT technology currently being used in the energy sector. A smart grid is a system that, when designed well, can solve several problems associated with traditional grids, such as outages, security concerns, high carbon emissions, and so on. Both utility providers and consumers can make better choices by implementing smart energy solutions. Utility companies are now more capable of anticipating energy needs than ever before and can even provide incentives to consumers that save both of them money. The following list references specific products and solutions that integrate IoT and smart grid technologies.
Smart meters
An essential component of smart grid technology is advanced metering infrastructure, and smart meters are the devices that enable it. Energy consumption data is gathered, disseminated, and analyzed through bi-directional communication between smart meters and utilities. The insights captured by smart meters can be automated and communicated in real-time with advanced metering.
Monitoring of solar farms
Companies and individuals can benefit from IoT technologies such as smart meters in their solar farms. A solar farm's ROI is great, but it can also reduce CO2 emissions. Using IoT-based technology like smart grids, solar farms can operate more efficiently. Collecting and analyzing yield data while adjusting for variables improves prediction. Monitors attached to individual panels provide real-time feedback on performance and structural deficiencies.
IoT-based electric vehicle charging
Adopting electric vehicles (EVs) will play a key role in reducing carbon emissions in the coming years. Identifying and coordinating optimal charging strategies for drivers is one of the biggest challenges for EV charging. Individual EVs can be monitored continuously throughout a journey by smart grids. In addition to reducing emissions, IoT-based assistive technology could accelerate EV adoption for consumers and businesses.
Battery monitoring systems
Businesses and consumers may encounter inherent variability when switching to renewable energy sources such as wind and solar. Excess energy is increasingly being stored in batteries to store excess power. The excess energy is redistributed to others on a grid. Batteries that are under or overcharged with energy perform poorly and have a decreased battery life cycle for businesses or consumers. Monitoring a battery's state of charge (SOC) can prevent premature failure due to undercharging or overcharging.
