“Internet of Energy (IoE): Revolutionizing Power Infrastructures for a Sustainable Future”
- Vikas Kumar
- July 4, 2023
- AUTOMOTIVE, BLOG
- The Internet of Energy, The Internet of Energy Growth, The Internet of Energy Size, The Internet of Energy Trends
- 0 Comments
The phrase “Internet of Energy” (IoE) refers to the modernization and automation of power infrastructures for energy manufacturers and producers. As a result, energy production can proceed with greater effectiveness, cleanliness, and little waste. The phrase comes from the growing market for Internet of Things (IoT) technology, which has assisted in the development of the distributed energy systems that make up the IoE.
It’s crucial to comprehend the fundamentals because the technology underlying the Internet of Energy might be a complicated and challenging idea to grasp. Internet of Energy (IoE) is the application of Internet of Things (IoT) technologies with a range of various energy systems. Connecting objects to the internet is referred to as the “Internet of Things.” This covers everything from televisions, tablets, and smartphones to big-ticket items like refrigerators, headphones, and cars.
By boosting the generation, transmission, and usage of electricity, manufacturers and producers can employ IoE technology to eliminate inefficiencies in the current energy infrastructure. Electric infrastructure modifications allow for a smoother flow of energy, which can maximize its potential and reduce any energy waste.
Benefits of Internet of Energy
The adoption of IoE has numerous advantages for businesses as well as energy producers like solar and utility firms. It decreases inefficiencies, as was said before, increasing the effectiveness of energy transfer. Along with a large decrease in energy waste, there are also significant financial savings. This can then be passed on to customers or end users, who might also see a cost reduction.
Examples of Internet of Energy
IoE is used in a wide range of diverse applications. Utilizing smart sensors, which are widespread in IoT technology applications, is an example of IoE technology. This enables IoE-enabled mechanisms like power monitoring, distributed storage, and integration of renewable energy sources.
General Electric, we can use the global corporation General Electric (GE) as a case study for IoE technology in the real world. The business created its own start up by fusing LEDs, solar panels, and software. This enables the system to collect data in order to apply insights to business activities that seek to boost lighting and productivity savings.
Marriott Hotels, linked a switching device to the roof-mounted air conditioning chillers. The system notifies Marriott when demand is going to surge and asks if it is willing to experience a power outage. If the hotel concurs, the chillers are remotely turned off. The method would save the hotel chain £700,000 a year in costs, and the guests wouldn’t even feel the minor temperature increase caused by the switch-off.
IoE will have an impact on not only how people and devices interact technologically, but also how many employments there are in the globe. According to a report, the creation of 252,000 new jobs as a result of IoE caused the unemployment rate in the United States to drop by 5.6 percent. IoE is therefore anticipated to continue creating jobs. The reason for this is because businesses are now attempting to keep up with their competitors by incorporating this technology, which may be done by hiring professionals.