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IoT has the potential to present the people and governments with smart city solutions with the aid of Smart Grid Technology.
FREMONT, CA: Humans are heavily dependent on electricity as it makes our life comfortable by powering numerous electrical devices. However, with a steep rise in population and the ever-increasing urban population has left the cities with the challenge to provide enough power to support the masses. Conventional electric grids are costly, unreliable, and inefficient, which are highly vulnerable to natural catastrophes. For instance, a single branch of a tree falling on the transmission lines results in blackouts in an entire locality for hours. Many such problems can be addressed by the internet of things (IoT).
IoT has a wide range of applications which is already changing the industries and our lifestyles. It has the potential to present the people and governments with smart city solutions with the aid of Smart Grid Technology.
Smart Grid with IoT
A smart grid provides an electricity network that utilizes digital technology to supply electricity to consumers with the help of two-way digital communication. The system enables monitoring, control, analysis, and communication within the transmission channel to enhance efficiency, reduce energy consumption and cost; maximizing reliability and transparency of the supply chain.
Smart Grid technologies provide efficient IoT energy management solutions that are lacking in their present infrastructure. The two-way communication between interconnected devices and hardware sense and respond to user demands.
Advantages of Smart Grid, IoT Monitoring, and Regulation
Smarter Use of Energy
Smart grid technologies reduce energy consumption and costs through efficient usage and maintenance of data. For instance, smart lighting will monitor requirement across various localities and adapt to settings like fog or rain. It also adjusts according to the time of day to meet traffic conditions and address power outages instantaneously.
Smart Grid Companies: eCurv, ElectrIQ Power, Landis+Gyr.
Cost-Cutting
Currently, electrical system power interruptions and outages cost Americans around $150 billion each year, costing $500 per person. With the rise in population, older grids will no longer be effective in keeping up with the increase in demand. As stated earlier, smart grids utilize smart IoT monitoring and source rerouting to lower costs – efficiently managing power distribution.
Consumption of Cleaner Energy
Smart grids are carbon-efficient designed to reduce the load on distribution feeders. Currently, the U.S. Department of Energy is integrating green technology to their IoT smart management for sustainable solutions.
See Also: Energy Tech Review
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