The Internet of Energy (IoE) is the implementation of Internet of Things innovation into circulated energy systems to upgrade the productivity of the energy infrastructure. IoE intends to gather and sort out data from singular grid-edge gadgets across the system to make accessible to other participants of grid management. In addition, the growth and success of the IoE will rely on how cloud-based systems are used for integration.
What energy problems does IoE solve?
From increased efficiencies to money savings and reduced waste, there are many benefits to IoE.
The IoE helps countries manage their energy demand, enabling utilities to produce more electricity at peak times, and less when consumption requirements are low. Widespread adoption of this technology could prevent countries experiencing power blackouts in the future.
However, the advantages of IoE technology are not limited to large manufacturers. Solar companies, utilities and EV drivers can benefit from it too. Grid infrastructures can be upgraded with IoE technology by producing and transmitting energy efficiently while also facilitating the integration of renewables. Further, the IoE cultivates the application of smart grid technology to collect data all the way to the grid’s edge. This data can then be used to aid in utilities’ decision-making regarding load balancing, forecasting, and other decisions.