Energy
The use of the Internet of Things and associated data science are fundamental to delivering changes across the energy sector.
The use of the Internet of Things and associated data science are fundamental to delivering changes across the energy sector. Mitigating climate change is a major challenge for the 21st Century and requires a transition to a low carbon energy system.
This transition is driving rapid increases in renewable energy sources, the electrification of transport and efforts to de-carbonise seasonal space heating demands. Supply and demand will need to be balanced in an increasingly decentralised energy system that serves integrated electricity, heating and mobility markets.
Challenges for this new system include maintaining system stability (preventing potential imbalances on time scales from seconds to seasons) and the introduction of localised energy management and trading. New regulations will need to ensure benefits to consumers (including low cost, de-carbonisation and energy security) and will underpin new business models.
The Pitch-In energy theme worked to address a number of questions:
Data – what data (time and geographical) should be privately owned, system owned or proprietary? How can we validate/clean data in an efficient and open way and what information is ethical or valuable?
System performance – how can IoT assist system performance as it changes from a supplier model to a private wires model?
New business models – how can data underpin market evolution and the optimisation of assets?
