Smart Grid is an Advanced Smart Energy Technologies
Release date: 04-2020Author: Market Statsville Group
Using smart energy technologies like smart grid empowering consumers to go economically efficient.
Smart technology allows households to use energy more efficiently, reducing the need to build more power stations, some of which burn polluting fossil fuels such as coal or gas. Some of these technologies are more advanced than others, but a few are on the verge of delivering real benefits to residential consumers. Such technologies include smart meters, battery storage, home batteries, and electric vehicles.
Moreover, another technology, namely, the smart grid, has been hailed for its potential to address a wide range of problems with current electricity infrastructure, with improvements expected in consumer awareness of energy use, energy efficiency, renewable energy distribution, and reliability of service. However, a vocal minority has expressed concerns about the smart grid's health, privacy, and cost impacts.
Considering the current energy sector, it witnesses a wide change due to green energy development based on consumers' demand and need. According to the International Energy Agency (IEA), there is an expected growth of over 43% by 2022 due to integrating the Internet of Things (IoT) in the current role in the application area.
Smart Energy Powering Energy Intelligent Societies
There are expected to over 50% of electricity based on renewables worldwide by 2035, where the electricity consumption is predicted to be double by 2050. The major trends that consumers can witness include increasing urbanization and climate change along with the growth of new applications in software and digitalization for establishing grids smarter and more efficient. These factors can make consumers create new DIY business models across green energy in the future.
There is a wide increase in the development of intelligent electrical devices integrated with the IoT interfaces to exchange and monitor the usage with safeguarding secure communication for the reference to the consumers. These devices enable useful insights into grid operations using analytics to form powering energy-intelligent societies for consumers in the marketplace.
Smart Green Energy Systems for Consumers
The development in the smart green energy system leads to the introduction of a smart grid based on IoT technology, which operates by analyzing all connected consumers' behavior and actions. The demand for energy-efficient systems ensures and installs an economically efficient, sustainable power system with limited losses and high levels of quality and security of supply and safety. These systems are also developed as small DIY projects owing to the increasing trend of open manufacturing or home manufacturing, as company-based products are expensive.
Possibly customer/network interface creates a significant difference between today’s networks and the smart grid of tomorrow, while most customers are connected today based on IoT technological concept. Moreover, the consumer and network operate as an independent entity to formulate real-time information to make reality smart energy technologies in the real consumer world.