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The Internet of Things (IoT) is an interconnected system of devices, controllers, and sensors that operate on computer networks and generate massive amounts of data
Fremont, CA: The adoption of intelligent utility devices such as electric vehicles, demand response homes, office automation, and distributed energy resources is increasing due to digital transformation (DER).
Monitoring and operating the grid becomes more difficult for utilities as generation and load grow rapidly. These grid-edge intelligent device are frequently interconnected and generate massive amounts of data that utility companies must collect, store, and manage. Sifting through this data and turning it into something valuable and profitable necessitates a robust solution that leverages the power of the Internet of Things (IoT) and fuels new advanced services like machine learning, AI, and analytics.
IoT and Machine Learning for Utilities
The Internet of Things (IoT) is an interconnected system of devices, controllers, and sensors that operate on computer networks and generate massive amounts of data. In 2018, over 22 billion IoT direct and connected devices were in use worldwide, including laptops, smartphones, smart meters, and line sensors. This figure is expected to exceed 50 billion by 2030.
Using IoT to Gain Insights Across the Grid
IoT devices are rapidly expanding, with more meters connecting to the grid, sensors deploying across distributed networks, and customers purchasing in-home devices. Let's look at how IoT provides unique grid insights to improve decision-making and operational efficiencies across all utility sectors.
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Reading From a Smart Meter
Utilities use smart meter reading to gain an analytical understanding of the substation, feeder, and last-mile levels. Utilities can use smart meters to track, forecast, and plan the volatility of today's energy consumption and production patterns, saving an estimated $157 billion in intelligent meter costs by 2035. Smart meters have become a popular IoT device among utilities, with half identifying meter data management as a critical IoT program.
Water Management Enabled by IoT
Water management utilities utilize IoT throughout the water cycle, from resource sourcing to efficient wastewater treatment. Operators have visibility over connected meters with intelligent water management, allowing them to evaluate pressure and flow, detect leaks instantly, and automate corrective actions.
Smart Cities are Being Streamlined
Intelligent cities built with IoT devices benefit communities by emphasizing safe streets, smart buildings, and efficient utilities. The innovative city development model expands as more active connectible IoT devices become available. Data is collected across linked microgrids and can improve resident living standards, traffic flow, public transportation efficiency, and city utility efficiency.
