Adopting smart grid devices will add to a comprehensive IoT infrastructure and help optimize a demand-driven system's resources.

FREMONT, CA: As the planet grows more conscious of energy use and production, the market share of renewable sources will continue to grow. Furthermore, effective incorporation of renewable energy into the energy market will depend on the size of smart grid deployment, which will be powered by related technology such as IoT, smart meters, and big data.

Managing Sustainable Energy Using the Smart Grid and the Internet of Things (IoT)

Control is a critical facilitating component of the implementation of green energy systems. Solar and wind power need sophisticated control techniques for high-performance, stable service. The introduction of a smart grid as a network operated by digital technologies, such as IoT, would provide energy providers and customers with adequate resources to track and control the output of electricity grids by managing various devices at households and production points.

Adopting smart grid devices will add to a comprehensive IoT infrastructure and help optimize a demand-driven system's resources. Compared to the conventional model, with grid-connected devices, the network can respond to the oversupply of power disruptions typical to renewable sources. Owing to smart systems, smart devices will connect with a resource machine and gather the information needed to change power usage to help regulate the whole grid.

Smart Meters for Real-Time Performance Monitoring

Smart meters are considered one of the most popular implementations of IoT technology among the numerous grid-connected units. In 2019, 14 percent of all global meters were intelligent sensors. With the number of smart meters and associated equipment, the industry depends on data in its day-to-day operations. However, in addition to tracking and managing output in real-time, data can provide suppliers with useful information and data-driven decisions based on large data volumes.

Gaining Insights with a Smart Grid and Big Data

Data obtained through the smart grid network needs a detailed review to provide energy providers with the knowledge they need to move their businesses forward. Advanced metering technology gathers data on the level of usage, electricity efficiency, self-diagnosis, smart meter, and working status of equipment. While some of the data can be interpreted in real-time, due to advanced analytics and 5G adoption, big data is vital for an in-depth understanding of customer behavior, efficiency, and performance enhancement. With data analytics, energy utilities will boost smart grid optimization and enhance customer loyalty.