On the path towards a future of clean and sustainable energy, information technology and the Internet of Things (IoT) play an undeniable role in driving progress and efficiency in the energy industry. From managing smart grids to optimizing the operations of renewable energy systems, combining information technology and IoT has opened new doors full of promise and potential. Let’s explore how these applications are changing the energy industry landscape and shaping the future of global energy supply systems.
In the field of energy, IoT (short for Internet of Things) is a unique combination of IoT technology and various energy systems through connecting smart devices to the internet. This enables these devices to communicate and interact with each other intelligently and flexibly.
Forecasts for IoT in the global energy market show significant growth from 2023 to 2030. With steady growth rates in 2022, this market is expected to continue to develop in the future. The global market value of IoT in the energy sector reached $19,801.34 million in 2021 and is projected to grow at a CAGR of 9.16%, potentially reaching $33,502.39 million by 2027. This presents a significant opportunity for businesses and researchers in the IoT field, as well as encouraging IoT application activities in the energy industry in Vietnam.
Internet of Energy, or Internet of Energy (IoE), is a concept where IoT technology is applied to energy systems to enhance the efficiency, safety, and sustainability of energy production, transmission, and consumption processes.
Internet technology in the energy sector brings significant benefits. Firstly, it improves efficiency and ensures safety for existing energy infrastructure by monitoring and controlling energy production, transmission, and consumption processes. Secondly, IoT applications help reduce energy waste by detecting and addressing issues, losses, and energy waste. Finally, this technology supports the development and integration of renewable and distributed energy sources such as solar, wind, and biomass, optimizing resource utilization and minimizing environmental impact.
The benefits of using Internet of Energy are undeniable for both producers and end consumers. For producers, IoE helps minimize faults, losses, and energy waste during transmission, while enhancing the ability to detect and address technical issues. End consumers and users also benefit from using Internet of Energy. More efficient energy transmission helps save costs for consumers while also benefiting the environment.
Smart sensors are a common application of IoT in the energy sector. These sensors are installed on energy devices such as solar panels, generators, and power lines to measure, monitor, and control energy parameters.
In addition, the integration of renewable and distributed energy sources into the energy system is also carried out through IoT technology. This helps enhance energy supply capabilities and reduce reliance on traditional energy sources.
A typical example is General Electric (GE) of the United States, one of the leading companies using IoT technology. GE has established a separate startup company called Current to apply IoT technology to energy devices. Current provides smart energy solutions to customers, helping them save costs, increase productivity, and reduce environmental impact.
When applying IoT to energy systems, some challenges need to be overcome:
Cybersecurity and data protection: The risk of attacks, theft, or manipulation of energy data can have serious consequences for energy systems and users.
Compatibility and integration: The diversity of devices, manufacturers, protocols, and technical standards can make it difficult to connect and operate them together.
Complexity and diversity: Energy systems often include various sources, levels, units, geographies, and regulations, requiring professional and precise management and operation from IoT.
Shortage of workforce and skills: IoT is a new technology that requires personnel with knowledge, skills, and experience in both energy and information technology. However, there is still a shortage of high-quality personnel in this field.
Despite these challenges, IoT in energy systems brings many benefits such as reducing waste, losses, and energy pollution. It also enhances user interaction and flexibility with energy systems. To maximize the benefits of IoT in this field, collaboration and investment from stakeholders, along with research and development from experts and scientists, are necessary.
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