Business and personal goals are intimately linked in today’s society. However, when technology is correctly linked with business and environmental goals, productivity increases and cost reductions are remarkable.
New methods of thinking about digital energy and industrial automation are at the heart of this. Electricity is now our strongest decarbonisation vector, but digital technologies provide enormous efficiency gains. As a result, only a digital and electric future will be genuinely sustainable.
- Efficiency – This refers to increasing the impact of your performance. App-based controls, data analytics, and edge computing are all examples of integrated and linked technologies that may assist in increasing efficiency.
When used together, they provide intelligent automation and data insights that significantly improve overall performance.
- Productivity – Increasing productivity while reducing waste is the goal. Businesses can accomplish more with less waste with digital technologies.
Businesses may increase yield with less energy, fewer resources, and fewer people by using IoT-enabled tracking, automated production lines, data analytics, and predictive maintenance.
- Sustainability – This aims to detect energy waste and significantly reduce emissions using intelligent platforms with completely digitised energy management and automation systems. Companies may eliminate up to 50% of their carbon footprints with the appropriate digital approach.
Being environmentally friendly preserves the environment and improves consumer loyalty and brand image, boosts shareholder value and saves money.
Potential With an Exponential Growth
Companies that combine energy management and automation may be able to add more value to their operations. The goal is to think about all of your alternatives and make well-informed judgments. With the right amount of devotion and focus, a digital strategy can transform any organisation or industry, and the benefits are endless.
Sustainable Environmental Benefits
The private sector and utility firms are investigating new business models and regulatory measures that might promote adoption while ensuring grid stability and energy security in order to reap the environmental, economic, and resilience advantages of distributed energy resources. The New York Reforming the Energy Vision, for example, is an example of this already in action.
This is an ambitious endeavour to recast utility firms as system integrators of distributed energy resources and energy service providers. The state anticipates new income streams and third-party business models for utilities to jointly harness the increasing market of energy prosumers while optimising consumer, community, and system-wide advantages.
The Energy Landscape Is Shifting
Solar energy was originally thought to be a promising future technology, but it was too expensive for broad usage. However, as prices have dropped, so have the number of installations, both at the utility and consumer levels. In addition, energy storage technology is also becoming more affordable, which might help customers get access to cost-effective off-grid options.
Distributed digital energy resources are also benefiting from advancements in energy-efficient goods and demand-side management. As a result, saving a kWh of power is often two to three times less expensive than generating one.
The higher the effect of digital customers on energy flows in a grid, the greater the danger of system instability. As a result, new regulations will be needed to control the potentially hazardous behaviours of digital consumers and utility providers. For example, rules must be created to guarantee that net metering criteria are followed, and there should be regulations to ensure that the grid can sustain higher energy flows, such as when a significant number of batteries are charging or discharging.
Alison Lurie is a farmer of words in the field of creativity. She is an experienced independent content writer with a demonstrated history of working in the writing and editing industry. She is a multi-niche content chef who loves cooking new things.