IoT And Renewable Energy — Welcome To The Future
The idea of Smart Cities is stepping into reality as the focus shifts from theory to actual development. Renewable energy sources — wind energy, solar energy, and hydro energy — are the lights of future because the traditional sources like fossil, coal, and petroleum fuels are limited, and are coming to an end because of the increasing demand.
In order to build smart hospitals, buildings, factories, traffic, and transportations; having a reliable, resilient, efficient, and smooth energy flows crucial. All these digital services are anticipated to run without disruptions by the use of electrical power grids and smart energy, which are considered the backbones of such cities.
In order to keep the smart city services interconnected and synced, IoT and cloud computing plays a key role. Over the course of this piece, we’ll go over the role of IoT and renewable energy sources. Let’s get started –
The Role of IoT in Renewable Energy
Companies selling renewable energy have seen solid global growth over the course of the last several years. However, they’re facing pressure to increase their profits and productivity as the industry scales all over the world. That being said, you can’t distinguish energy businesses by just applying more improvements through physics and mechanical engineering.
Getting those smart appliances or connected gadgets can be associated with hi-tech sensors. These sensors amass massive data and transmit them to the power grid. The produced data is collected and uploaded on the cloud for processing.
The next batch of innovation would be driven by data and sensors, thereby, IoT. In order to keep up with increasing demand, these companies are always increasing their capacity. Cumulative capacity in the wind energy sector has gone up — from 24 GW (2001) to 370 GW (2014).
That said, solid growth causes challenging situations and maintaining profitability. Companies want improved methods to manage pretty larger capacities, and with a lot more physical properties, based widely in remote areas — a very complicated scenario.
That’s where IoT analytics save the day. Today, you can analyze IoT data in about real-time speed. And for that to happen, a big thanks goes to the development of complex event processing systems. In fact, IoT is arguably one of the main distinguishers for the winners in the next growth stage in this renewable energy sector.
How Can Renewable Energy Companies Benefit From This?
Renewable energy sector would be improved in these 4 ways –
- Big data analytics and quicker analysis of sensor outputs
- Breakdown of analytical data for the non-techy people
- Artificial Intelligence, machine learning, self-learning machines
- Data decentralization
Wrapping Things Up
Since the world is moving more towards renewable energy; in order to expand renewable energy all over the world, we need to embrace IoT data quickly and correctly.
If we can use these the right way, the IoT, cloud computing, smart metering, wirelessly connected sensors can help us produce and use our own electricity. What’s more, it can open doors for exporting the power to a central grid, and raking in big bucks as well.