Internet of energy is such an amazing topic to discuss
As the world is becoming more digital, there are many ways technology is evolving with a profound impact on various sectors.
Before the human race started harnessing fossil fuels to the exponential energy, we have been accustomed to in modern society. There was a time when the fastest means of travel was by foot or on horseback.
As an example, today we have the L0 Series Maglev train with a land speed record of 375km per hour. The train only needs close to 40 minutes to travel from Tokyo to Nagoya. Covering 178 miles, which, converted to km, is roughly 287km.
Another interesting example of the evolution of technology is the world’s first automobile that was developed by Carl Benz. It was aptly named the “Three-Wheeled Benz Patent Motor Car, Model No. 1”.
The design of the car was based on a horse carriage with the only major difference that instead of the horse being the source of fuel and motion. It was now an engine. The car was supported by three wheels and could propel forwards without any additional force.
Today we have vehicles such as the DEFENDER 110 V8 CARPATHIAN EDITION. It has a 3D surround camera, emergency braking, traffic sign recognition, and adaptive speed limiter. Having six airbags, a side curtain and thorax, an electronic air suspension with adaptive dynamics, three-zone climate control with a rear cooling assist, and an 11.4” touchscreen with Pivi Pro.
How about that for a change?
The examples are many when it comes to the evolution in technology over the last couple of years.
Specifically, in the energy sector, the Internet of Energy is taking over.
The Internet of Energy is a technological term that refers to the upgrading and automating of electricity infrastructures. Specifically used for energy producers and manufacturers.
The term is derived from the increasing market demand for Internet of Things (IoT) technology. Which has helped develop the energy systems that make up the IoE.
Internet of Energy in the Energy Industry
Internet of Things is the networking capability that allows information to be sent to and received from objects and devices (such as fixtures, kitchen appliances, and cars) using the Internet.
IOT technology is the key agent in IOE. IOT has the capability to create a series of network sensors that have an array of smart grid applications.
Examples include:
- Monitoring of Power
- Distributed Storage
- Renewable Energy Integration
IOT is predicted to add $14 trillion to the global economy by 2030. On top of that, the market for digital devices that enable IOE is likely to grow to $89.4 billion in the same year.
The undeniable trend is for the world to become more and more digital. This anticipated change in the energy sector is inevitable.
Classic Operation & Management
How do you operate your power stations? Do you make use of IOE?
Operations and management are constant in a power plant station and you never want occurrences of downtime.
SCADA(Supervisory Control and Data Acquisition) is a combination of a software system and hardware elements that allow industrial organizations to:
- Control industrial processes locally or at remote locations
- Monitor, gather, and process real-time data
- Directly interact with devices such as sensors, valves, pumps, motors, and more through human-machine interface (HMI) software
- Record events into a log file
What system does your business use? Is your operation capturing your information effectively? Can your current system analyze the required information?
SCADA systems can play a huge role for industrial organizations since they can help to achieve and maintain efficiency, process data, and communicate issues in the system to help reduce downtime.
SCADA systems will provide some sort of information about how your generators are operating. But as common as it is, some software options are better than others.
Issues arise when a SCADA system lacks depth in data management. Are your operations and management team able to capture the necessary information about your generators which allows you to drive down costs, reduce the cost of spares, avoid downtime, and avoid breakdowns?
These are important questions to consider as the energy industry as well as many other industries are all about speed.
Some Benefits of Internet of Energy
Better efficiency
Identify and prevent malfunctions
IOE increases the speed and functionality of your power plant stations. Having a screen that gives you all the necessary details and information about operations is much quicker than having to record it on your own.
Prediction of consumption and spending
With the use of artificial intelligence, machine learning, and predictive maintenance, IOE will assist in driving down costs and increasing savings. Being able to foresee what is to come is a complete game-changer in operations and management to prevent future malfunctions. Also, having a history log is extremely useful in analyzing where things went wrong.
How great would it be to be able to see how much operations would cost you to the very kilowatt per hour?
With the use of predictive analytics, IOE can be a great way to plan beforehand in managing and running a power plant station.
Core Values and What They Mean to Us
At USP&E our two core values are extreme ownership and speed with excellence. We hold fast to these two core values which really guide and carry the way we work and operate.
One of the tools that we own which helps us in demonstrating these core values is SMARTPOWER—our proprietary SCADA software system.
SMARTPOWER utilizes the many means of machine learning, artificial intelligence, and predictive analytics to optimize fuel efficiency for power plant stations. SMARTPOWER will enable you to have a real-time monitoring system to give you a bird’s eye view of how your generators are functioning. It doesn’t matter where you are located in the world.
It cuts deep to the finest of details to even give you the cost per kilowatt-hour for your operations.
With the use of SMARTPOWER, we are able to significantly drive down costs for clients and place them in a position with increased predictability, increased availability, and increased reliability.
To see more on our KPI software, check this in-depth video: https://www.youtube.com/watch?v=5Utm7uzH2uM
Our mission is to harness energy for life. We do that by providing reliable, efficient, and cost-effective energy to people worldwide. The internet of energy is the means we use to achieve this goal.