What role does IoT play in the Energy Industry?

What role does IoT play in the Energy Industry?

Well, energy industries are shifting towards more efficient energy management to meet the requirements. With technology bringing the massive transformation in the energy sector, the most renowned technology Internet of Things (IoT) is also reorganizing the energy sector. 

From the management of the electric grid to power generation and distribution,  IoT is revolutionizing how energy companies and customers interact. 

Here’s how the IoT is impactful in the energy industry. 

Remote Asset Monitoring and Management

With the geographically dispersed energy sector, physically monitoring is quite difficult. Implementation of IoT sensors helps to track important parameters such as temperature, vibration and to check the maintenance schedule. 

Also, these sensors help to recognize safety factors by detecting any pipeline or gas leakage that may be left unaddressed leading to explosions and fires.  

More Distributed Grid

With the adoption of solar and other technologies, energy grids are becoming more distributed. Many businesses and residential households are generating their own electricity by positioning solar panels on their rooftops or by building small wind turbines. 

With the distribution of the grid, it becomes challenging for operators to manage large as well as small generation sources. But smart grid technology powered with IoT is helping to manage distributed energy transformation.

The amalgamation of IoT and the smart grid technology identify alteration in the supply and demand of electricity. The technology provides data to the operators to manage the demand. The smart grid can also detect any failure in the distribution network and can instantly reroute power distribution. 

Improved cost-efficiency

Access to real-time data about the entire state of generation station is helping in plant automation. The information gathered is used to refine the plant operation by optimizing production and control. This helps the company to cut the cost of maintenance and avoid wastage.

Some of the applications of IoT 

Smart Meters 

Smart meters are IoT based energy devices that enable users to understand their energy usage patterns. This help to track consumption of energy to take appropriate measure to conserve energy whenever possible. 

Also, smart meters send critical information to the energy utility agencies that help them to track the performance in real-time. Even these meters identifies damaged parts of the pipeline and can automatically separate without affecting the operation of the rest of the network. 

Smart Lighting

With the emerging Internet of Things technology, lighting is becoming more smart and responsive to enhance user comfort and preserve energy.

Smart lighting is the bulb connected to the internet that can be controlled by an app. Smart lightings are more effective options for street lights that can automatically on and off based on schedule and light conditions. 

There are also smart buildings that link major systems of large buildings like lighting and heating and giving a detailed view of their operations that help to reduce the energy consumption of the building. 

Internet of Things is driving the growth of the modern energy industry. Its applications will continue to rise in the upcoming years for energy conservation and efficiency in the entire energy industry. 

JSB Market Research

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