How Can IoT Set Distributed Energy Resources Straight?

How Can IoT Set Distributed Energy Resources Straight?

By Energy CIO Insights | Thursday, September 12, 2019

To manage the DERs with the interjection of IoT, only one step is necessary. The selection of the right solution.

FREMONT, CA: The integration of IoT in the energy sector avails visibility into the distributed energy assets and enables energy providers to control them in real-time. Decarbonization, deregulation, digitalization, and decentralization are the accelerating forces of a domino effect. It will ultimately result in extensive growth of the market. These factors are also encouraging point solutions-based approach to deal and leverage Distributed Energy Resources (DERs). These solutions are unable to equalize the demand-supply, making the energy providers look out for other options.

Since point solutions are specific to the nature of the asset or a particular use case, it transforms itself into a hindrance rather than a method to lead the ways for accomplishing organizational goals. The scalability of point solutions is also lost as the addition of DERs to the utility’s customer base increases enormously.

To solve this rut, energy providers need to approach the situation from a holistic sense that has increased flexibility to organize DERs. To place a distributed energy resource management system (DERMS), organizations can implement certain crucial steps. These steps are conveyed in terms of various scalability properties necessary for the optimal DERMS platform.

• Scalability among Devices:

While supporting the increased number of devices and the variety of distributed energy devices, A DERMS platform complies and supports open standards and protocols. Its architecture flexibility defines the ability to accommodate the diversified eco-system of assets. One way to select the optimal DERMS platform is based on the nature of its architecture and compliance to open standards.

• Scalability of Applications:

The core analytics and computational capacities is another main factor to filter the DERMS platforms. When the solution avails value-stacking, there is a presentation of the benefit to all the key stakeholders. Monetization of the DERs, for the asset owners, accelerates and simultaneously delivers to the grid services faster with a substantial lowering in the energy bills.  The evaluation of flexibility in use-cases of the DERMS platform is a crucial gamer-changer. The forward-looking utilities, need to invest in those flexible solutions that guarantee the insulation of the organization’s investment into DERMS from tweaks in market, regulatory, and technological environments in the future.

Weekly Brief

Read Also