The Energy Transition: Gearing up for the Smarter Grid
PART 3 IoT for Utility and Industrial Power Grids: Where is the value?
IoT is now part of the utility’s vocabulary. The good news is that the cost of devices and deployment has dropped. Connected devices on the distribution grid – think digital substations, intelligent transformer stations, smart chargers and more – enable informed actions through full data and analytics. Also, good news – companies have learned the hard lessons from the early days of Advanced Metering Infrastructure (AMI). It is critical to fully explore IoT data and understand the potential for automation that IoT systems provide for power grids operated by utilities or industrial facilities. There are lots of possible use cases such as grid transparency, predictive maintenance, outage prediction, power quality monitoring, and many more.