IoT and Energy

How IoT is enabling the renewable energy revolution Opportunities and Risks associated with IoT and Energy In the system integration of renewable energies, smart grids have a significant role to play in the success of the so-called energy transition. Intelligent decision making will lead to optimized utilization of energy assets and better allocation of energy and therefore optimized outcomes. Because the smart grid with its sensors make the electric flows visible it allows for better investment decisions in the energy sector optimizing With the help of sensors, edge computing devices, connectivity and cloud infrastructure existing power infrastructure becomes an intelligent power grid, the smart grid. A smart grid an electrical network that cost-effectively integrates all participants and the actions they take as well as their behavior. In the smart grid, electricity is delivered from multiple suppliers to end users using bidirectional communication. The deployment of smart grid technology in homes and cities helps monitor, control, and optimize energy consumption in real time. A smart grid is an electricity network that can cost-effectively integrate the behavior and actions of all users connected to it - electricity generators, consumers, and those who both generate and use electricity - to ensure an economically efficient, sustainable, low-loss, high-quality power grid and guarantee security of supply The advantages of the smart grid are: • Smart Grids allow better operation and integration of power generators of different sizes and generation technologies. • Smart Grids allow consumers to contribute to the optimization of the power system and to have more comprehensive information and options regarding power consumption. • Smart grids significantly reduce the environmental impact of the entire power system.