As global energy consumption is expected to skyrocket in the coming period, the need for smarter energy solutions has reached record levels. By 2030, two-thirds of electricity generation worldwide should come from renewable sources. The world aims to emit no fossil fuels by 2050. Energy represents a large part of the identified IoT projects and already has a strong position in the IoT market. Most projects focus on energy distribution, grid optimisation, remote asset monitoring and management, predictive maintenance and the creation of greater transparency for customers.
Thingsdata notes significant growth in unlocking data from various sources such as solar panels and charging stations. This expansion not only includes traditional energy generation sources, but also extends to new technologies, including zero-in-the-meter homes, heat pumps and battery management systems. Gathering and analysing information from these diverse sources provides valuable insight into the broader spectrum of sustainable energy ecosystems.
Benefits of IoT in the energy market
The application of Internet of Things (IoT) in the energy market offers numerous benefits that contribute to efficiency, cost savings and sustainability. Some of the key benefits of IoT in the energy market are explained below.
Optimisation of energy distribution
Applying Internet of Things (IoT) in the energy sector brings numerous benefits. First of all, IoT devices can be used to optimise energy generation and distribution. IoT data provides insight into current energy demand and supply. This allows grid operators to react quickly and accurately to maintain balance between electricity demand and available capacity. This reduces load and makes integration of renewables into the grid more accessible.
Asset monitoring and management
Sensors can be installed to determine the condition of assets and detect problems. This enhances the efficiency and reliability of the energy network. Smart thermostats, lighting systems and HVAC systems can be used to save energy in buildings. Greater insight into energy consumption encourages organisations to make improvements, leading to more efficient energy use.
Predictive maintenance and transparency
IoT technology provides the opportunity for predictive maintenance by collecting and analysing data from various sources. This helps identify potential problems before they occur, resulting in less downtime and lower maintenance costs. In addition, IoT provides greater transparency towards customers by giving them real-time insight into their energy consumption. This contributes to sustainability, cost control and ease of use in the energy industry.
Connectivity and hardware solutions for the energy market
For connectivity in the energy market, Thingsdata offers several solutions with secure multi-network M2M SIM cards with access to the 4G and 5G network spectrums and possible fallback on 2G and 3G. These SIM cards ensure continuity of data transmission. Assets are often connected to a gateway via M-Bus, Modbus or BACnet, ensuring efficient and reliable communication between assets and the cloud, crucial for real-time monitoring and data exchange.
In addition, Thingsdata also offers sensor technology solutions, such as LTE-M and NB-IOT, which are ideal for applications such as power sensors, voltage detectors and kWh meters. These technologies play a key role in optimising energy management systems, enabling seamless communication and advanced data analytics. Together, these solutions ensure that all systems in the energy market remain connected and operational at all times, contributing to more sustainable and efficient energy management.
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