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Internet Of Renewables Roundtable

INTERNET OF RENEWABLE ENERGY : 
  • Internet of Renewable Energy (IoRE) is a technological term that refers to the upgrading and automating of electricity infrastructures for energy producers and manufacturers.
  • This allows energy production to move forward more efficiently and cleanly with the least amount of waste.
  • The term is derived from the increasingly prominent market for Internet of Things (IoT) technology, which has helped develop the distributed energy systems that make up the IoE. 
  • The Energy sector is currently undergoing major transformation from rapidly evolving and emerging technologies such as IoT, 5G & Artificial Intelligence.
  • With these advances disrupting the energy sector at every stage, from production to refinement and consumption, the advantages are clear but how are you going implement effectively, sustainability and whilst ensuring ROI?
    • Traditional Utilities vs. Challengers.
    • Virtual Power Plants and DER.
    • Smart Home – Competing with technology challengers.
    • Taking a customer-centric approach.
    • Renewable Integration.
    • Harnessing the Energy Storage Potential.
    • Electric Vehicles & Vehicle to Grid.
    • Working towards the Energy Blockchain.
    • Unlocking the value of IoT generated Data.
    • Understand Edge Computing and how it relates.
    • The role of the workforce, wearables & training.
    • Smart Utility - Smart City.
    • Smart Grid.
Benefits of using IoE include
  • Increased Efficiencies
  • Significant CostSavings
  • Reduction in the Wastage of Energy

Understanding Internet of Energy (IoE)

  • The technology surrounding the Internet of Energy can be a fairly complex and difficult concept to understand, so it's important to understand the basics. IoE is the use of Internet of Things (IoT) technology with a variety of different energy systems. The Internet of Things refers to the idea of connecting devices to the internet. This includes anything from smartphones, tablets, and television sets to major appliances, headphones, and automobiles.
  • By using IoE technology, manufacturers and producers can reduce inefficiencies in existing energy infrastructure by increasing generation, transmission, and use of electricity. Making updates to electric infrastructures allows an ease in flow of energy which can maximize its potential, therefore cutting down on any wastage of energy. Without any critical updates, a lot of that energy is lost along the line because they can't transmit it efficiently. Put simply, the lines simply don't have the capacity to carry all the energy being sent.
  • Adding IoE technology to the process can also lead to the installation of smart grid technology. Smart grid technology allows users to integrate communication systems, control power and electrical flow, measure usage, monitor the health of their systems, and automate their power systems among other things. Smart grids allow users to make better business decisions and to make forecasts for the future.
Special Considerations
  • As countries around the world invest more in green energy and renewable resources, the inefficiencies of existing power infrastructures around the world are often overlooked. This means renewable energy cannot be provided at its optimum level of efficiency because the grid cannot fully support it.
  • One potential solution to the problem of energy inefficiency is ultra-high voltage (UHV) transmission. This is a system that allows energy to be transmitted rapidly over long distances. UHV solves the problem of energy production being located too far from load centers. China first implemented UHV in 2009, but its development is constantly expanding to meet demand.
  • In coming years, as the world works toward harvesting renewable energy sources, the use of nonrenewable resources is expected to fall, which will reduce the need for outdated infrastructures that handle resources such as coal and oil.
Benefits of Internet of Energy (IoE)
  • There are many benefits that result from the implementation of IoE for both manufacturers and energy producers including solar and utility companies. As noted above, it reduces inefficiencies, making the transmission of energy much more productive. There are also significant savings in money as well as a great reduction in the wastage of energy. This, in turn, can be passed down to consumers or end users, who will may also see a cost saving.
Examples of Internet of Energy (IoE)
  • Uses of IoE can be found in a variety of different applications. An example of IoE technology includes utilizing smart sensors which are common among other IoT technology applications. This allows IoE-facilitated mechanics such as power monitoring, distributed storage, and renewable energy integration.

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