Electricity is the driving source of economic growth
Today, electricity is the driving source of economic growth. On the other hand, electricity
infrastructure is not only very expensive but its dependence on fossil fuel sources is one of the main
contributors to carbon pollution. Many Villages in India are still not connected to the grid, largely
because of the cost and complexity of the process. Electricity power generation is expected to grow
by 93% by 2040 and the majority of that growth will occur in developing nations.
infrastructure is not only very expensive but its dependence on fossil fuel sources is one of the main
contributors to carbon pollution. Many Villages in India are still not connected to the grid, largely
because of the cost and complexity of the process. Electricity power generation is expected to grow
by 93% by 2040 and the majority of that growth will occur in developing nations.
In today's need, we can not simply meet this expected demand in the old fashioned way.
IoT - Internet of Things in Energy/Power generation will play a major role. This technology
combines the real time usage of the consumers, Industries and also monitors and controls the
required demand for the production of the power. We call this technology has ENERGY INTERNET
OF THINGS. This technology alters the future of electricity by enabling us to utilize our energy
infrastructure in more effective ways.
combines the real time usage of the consumers, Industries and also monitors and controls the
required demand for the production of the power. We call this technology has ENERGY INTERNET
OF THINGS. This technology alters the future of electricity by enabling us to utilize our energy
infrastructure in more effective ways.
The electricity power industry is vastly different from those of most other industries. Utilities
provide an essential service to everyone within a service region, one that has a vital impact on public
safety and well being.
provide an essential service to everyone within a service region, one that has a vital impact on public
safety and well being.
The needs of the electric power industry are vastly different from those of most other industries.
Utilities provide an essential service to everyone within a service territory, one that has a vital impact
on public safety and well-being. the biggest concerns to the electricity department are quality of
service, stability and reliability. If YouTube shuts downs the service for a day, it won't effect the people
but if electricity is shut down for a day, people may die and businesses can go bankrupt.
Utilities provide an essential service to everyone within a service territory, one that has a vital impact
on public safety and well-being. the biggest concerns to the electricity department are quality of
service, stability and reliability. If YouTube shuts downs the service for a day, it won't effect the people
but if electricity is shut down for a day, people may die and businesses can go bankrupt.
The department of Energy estimates that blackout or power quality issues cost Indian businesses
more than $100 billion each year. To achieve this demanding level of performance, utilities have
focused on integrating multi-level of redundancy and control. Utilities have paid for this uncertainty
through buffering, brute-force engineering, and deliberately limiting options for the sake of control and
consistency.
more than $100 billion each year. To achieve this demanding level of performance, utilities have
focused on integrating multi-level of redundancy and control. Utilities have paid for this uncertainty
through buffering, brute-force engineering, and deliberately limiting options for the sake of control and
consistency.
An energy internet of things changes this model by providing utilities with real-time feedback and
insight for the first time. Simply put, utilities are finally able to know what their customers are doing
and what they want, and they can make better decisions to serve those needs. Blackouts become
less frequent as predictability replaces uncertainty.
insight for the first time. Simply put, utilities are finally able to know what their customers are doing
and what they want, and they can make better decisions to serve those needs. Blackouts become
less frequent as predictability replaces uncertainty.
Today, forecasting, a key function that drives practically every operational and planning decision
at the utility, is done at the system level. With the energy internet of things, forecasts can be issued
for millions of customers every few minutes to fine-tune predictions for power consumption across an
entire region, in specific geographic areas, or among users along particular distribution branches.
Decisions based on these micro-forecasts can be made to unobtrusively direct the flow of electrons
to improve the quality of service and save billions in operating expenses. Just to understand the
magnitude of improvement, a mere 0.1% improvement in forecasting at a mid-size state utility with
1 million customers can reduce about $3 million a year in operating costs.
at the utility, is done at the system level. With the energy internet of things, forecasts can be issued
for millions of customers every few minutes to fine-tune predictions for power consumption across an
entire region, in specific geographic areas, or among users along particular distribution branches.
Decisions based on these micro-forecasts can be made to unobtrusively direct the flow of electrons
to improve the quality of service and save billions in operating expenses. Just to understand the
magnitude of improvement, a mere 0.1% improvement in forecasting at a mid-size state utility with
1 million customers can reduce about $3 million a year in operating costs.
Software-based systems also improve as they absorb more data. Over time, the self-learning
capability allows these systems to become more precise in how they harvest power. Consumers and
businesses won’t know they are saving power until they get a pleasant surprise on their bill. New
technologies such as solar, wind, EVs and storage will be integrated safely and more easily when
supplemented by software and predictive analytics and will give their owners a more rapid return on
investment.
capability allows these systems to become more precise in how they harvest power. Consumers and
businesses won’t know they are saving power until they get a pleasant surprise on their bill. New
technologies such as solar, wind, EVs and storage will be integrated safely and more easily when
supplemented by software and predictive analytics and will give their owners a more rapid return on
investment.
A virtuous cycle is easy to imagine. Big data and software analytics will help spread the cost of
capital investments in power plants and transmission infrastructure over a wider customer base. This
will lower the cost of power, which in turn will make it more affordable and practical to bring the power
of electrification to more people.
capital investments in power plants and transmission infrastructure over a wider customer base. This
will lower the cost of power, which in turn will make it more affordable and practical to bring the power
of electrification to more people.
Implementing and integrating data systems will take time. Caution and security must still underpin any
changes -- but change is inevitable. Today, we may not be able to imagine all the applications through
which utilities and consumers will interact with data, but one thing is certain: we are at the dawn of a
new energy revolution driven by software and predictive analytics, and the winners in this new world
will be the enterprises that are able to harvest their data most effectively.
changes -- but change is inevitable. Today, we may not be able to imagine all the applications through
which utilities and consumers will interact with data, but one thing is certain: we are at the dawn of a
new energy revolution driven by software and predictive analytics, and the winners in this new world
will be the enterprises that are able to harvest their data most effectively.
In this new world, data is power -- not just figuratively.
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