The IoT is already in the process of assisting the electric energy industry in revolutionizing the way that power is distributed to the masses. There are a number of industry players that envision a future that employs what they are calling Active Grids. Active Grids are unique from today’s grids, as they have distributed architectures versus the current centralized architectures. Active Grids are thus more scalable and efficient. They achieve this by employing edge intelligence and real-time distributed integration that improves operations and customer experiences. The following article does an excellent job of detailing just how Active Grids deploy these IoT-based technologies to deliver these efficiencies, while also allowing for many new business opportunities.
By 2050, the world’s population is estimated to reach 9.7 billion—a 26 percent increase from 2019’s 7.7 billion. As the population grows, demand for water, gas, and electricity is expected to double or even triple. Utilities don’t need a crystal ball to know that modernizing their networks will be a necessity for any future roadmap.
Increasing demand isn’t the only change driving utilities to upgrade their networks. Utilities are also adjusting to consumers’ desire for renewable energy options as well as an influx of new IoT and smart devices. Clearly, these rapidly approaching changes make modernizing existing grids central to every utility’s future.