Internet of Energy is the Way Out of Power Failure and Wastage

As the global energy demand keeps skydiving with an uptick in the human population, there is an urgent need to efficiently use the energy resources we currently have while also working to close the huge existential supply gap.

One way to achieve that is through optimisation of energy use; a task that the Internet of Energy is set out to do. IoE is the implementation of Internet of Things technology into distributed energy systems to optimise the efficiency of energy infrastructure and reduce wastage.

IoE helps link power from the point of generation, distribution, and consumption to ultimately optimise its use and drastically lower costs. It uses the technology of IoT to wire and manage data and operations throughout multiple points within a power grid structure.

For instance, digital power monitoring and demand-side energy management tools say, a network of smart meters, sensors, actuators, computers, and a home area network interconnected to optimise energy, increase supply reliability and reduce costs in homes and businesses, is nothing short of IoE in the display.

Also, an appliance, say a refrigerator or washing machine could be connected to this network and set to automate come on whenever there's sufficient energy from solar in the grid. 

The system when properly implemented helps to improve energy efficiency and reduce bills and wastage. 

It keeps power producers informed when systems are at peak capacity or when demand is low and helps solve fluctuations to maintain grid balance. It calls for the full attention of electricity infrastructure and provides a scenario where humans sustainably interact with smart devices.

IoE is central to the internet of everything. Power companies should invest in it and hire experts to oversee its construction. It is no doubt complex in nature and may have difficulties but the long-term benefits are way too much to ignore.

General Electric and Marriot Hotels, I understand, have begun adopting the technology in their power systems.