As the traditional energy grid system ages, companies are struggling to keep up with growing electricity demands. With the emergence of IoT, companies can now reap the benefits by incorporating advanced technology into their ecosystem that help make power plants fully automated which has resulted in a new development: smart grids.
In the past, plant automation consisted of several siloed optimized operations working independently of one another, IoT centralizes all of the automation. Smart grids allow for increased energy production while simultaneously decreasing maintenance and transmission costs.
With the ability to deliver operational insights, energy companies can monitor, analyze, control, and optimize their facility assets in real-time while adjusting for varying levels of energy demand needed during peak and non-peak hours. Presently, most power plants provide a steady output, not taking into consideration varying levels of on-demand needs.
Being able to connect various subsystems and achieve interoperability allows plant managers to have a holistic view of the overall operation and make accurate high-level decisions. Advanced distribution systems can use real-time data to dynamically respond to changes in load, detect overload, and correct power distribution to enable both safety and economic savings.
Having the ability to make these high-level decisions instantaneously, not only increases plant efficiency and asset management but also has a significant impact on the end user’s experience. The adoption of smart grid technology by households and whole cities helps monitor and control energy use in real-time and optimize it with the best interests of citizens and the environment in mind.