‘Digital energy’ is defined as “energy flow that is transparently measured in real-time at a number of strategic locations in the energy grid. Implementation of a smart grid is a prerequisite to realizing the potential of digital energy”. So, it is an energy ecosystem that is connected, reliable, and sustainable.
Thanks to the emergence of new technologies, the increasing affordability of renewables and the rising awareness around energy wastage and carbon emissions, this decade will see digital technology transform the energy industry.
Since the beginning of the internet, digital technologies are forever improving how we connect to the world. In most industries, digital technologies are being used to improve products and services to become more connected, intelligent, efficient, reliable, sustainable and safer. Now with over 30 Billion connected IoT devices worldwide, people are more digitally oriented than ever (https://www.statista.com/statistics/471264/iot-number-of-connected-devices-worldwide). From smart appliances to checking emails on your watch, digital solutions are improving our lifestyle by enabling us to become more efficient and effective in our daily lives.
Emerging Technology is nothing new for the energy industry. Since the 1970’s utilities have been using these to facilitate grid management within a centralised system. Today the energy industry is facing new operational issues as it transitions to a decentralised system, resulting from the increased adoption of renewables.
With renewables becoming more affordable, there has been a large uptake in residential solar installations and the deployment of Virtual Power Plants. In order for households and businesses to make returns on their solar investment, they need to be maximising the use of the solar energy generated. Unless they can manually run loads whilst the sun is shining, it is difficult to achieve this. A solution is to have smart solar. Include a digital solution, such as an energy management system, to manage essential & non-essential loads, ensuring that all the energy generated is utilised optimally.
With the ability to manage the supply-side of the grid with the demand-side of the grid, including renewable energy supply; the result is a ‘digital’ grid with reduced instability issues. It will improve energy reliability, whilst allowing greater adoption of renewables to a connected grid. Digital energy management technology is pivotal to achieving a smooth transition from the current centralised system to a balanced, more dependable decentralised energy system.
With a renewed mindset to combat climate change and with decarbonisation policies being implemented globally, there is now greater emphasis than ever before to address energy wastage and to become more energy efficient.
With an intelligent ‘energy management system’ delivering a ‘digital energy’ ecosystem, users have the ability to access their energy analytics in real-time, save on energy costs and control generated energy to best optimise it.
Transition to digital energy today with carbonTRACK.