Energy management systems powered by the Internet of Things offer a slew of benefits to every segment of the supply chain network, including electric utilities and consumers.
FREMONT, CA: Internet of Things (IoT) enables process automation and operational efficiency in various industries, including healthcare, retail, manufacturing, energy, and logistics. Consumers, businesses, and even governments are interested in energy-related IoT applications. IoT energy management systems pave the way for new smarter grids that promise unprecedented savings, security, and efficiency gains.
The following are some ways that Internet of Things technology aids in energy conservation.
Intelligent light, temperature, air condition control
The most obvious way to conserve energy is to reduce waste. The new generation of intelligent lighting, learning thermostats and sensor-based HVAC systems is designed to automatically maintain ideal conditions in spaces while consuming the least energy possible.
These systems, equipped with various sensors (light, movement, humidity, and CO2 level, for example), can dynamically adjust the regimes in response to changing conditions and avoid wasting energy at potential waste points.
Thus, smart lighting dims automatically in response to the amount of daylight available in the room and turns off completely when the room is dark. Learning thermostats cool the space before the arrival of the heat, avoiding the use of expensive energy during peak load times.
Energy management systems
Smart bulbs and thermostats are famous examples of how the Internet of Things and energy management can result in significant savings with little effort on the user's part.
Sensors, meters, controls, applications, and analytics tools enable users—households, businesses, energy professionals, communities, and governments—to monitor, manage, and control supply chain processes, assets, and resources.
For example, intelligent meters monitor real-time energy consumption, dynamically calculate spending, and share data between end-users and utility companies. This information enables suppliers to tailor demand-response programs and price adjustments. Residents, in turn, can control their electricity consumption at a granular level through applications, react to load changes, and minimize energy waste.
Whether heavy machinery on a plant or a domestic boiler, sensor-enabled assets can continuously report load and forecast are overheating, damage risks, and line outages. When it comes to plant equipment—motors, for example—avoiding damage results in significant savings. Using tracking data analytics, management can strike the optimal balance between equipment performance, wear, and energy consumption, ensuring the assets' long life.
Storage of energy
Energy storage represents an entirely new market. It is gaining traction due to recent trends in the innovative home sector and the growing role of IoT in the concept of smart cities.
By and large, storage enables consumers to maintain energy independence in a power outage or other line failure. Smart storage allows efficient and controlled energy backup and provides residents with management capabilities.
For example, with intelligent storage, residents can make informed decisions about load protection, determining which loads should be protected, how much energy should be spent in off-grid mode, and where.
Additionally, by utilizing smart storage, solar, and other renewable energy, adopters can now better manage the clean energy they generate, control surplus, and ensure optimal performance of their power network.
In other words, energy storage uses the Internet of Things in energy management, enabling both direct and indirect energy savings.