Author
The author is Vice President & Managing Director - Energy Business, Schneider Electric
It is a fact that efficiency is a basic yet fundamental component of utilities’ future and the scope for improvements are all pervasive.
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3 ways to slash energy losses with connected technologies
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For more than a century, the energy industry’s business model was static. There were power producers and consumers, period. Therefore, demand was quite predictable. Today, the emergence of ‘prosumers’ – power producers and storers/consumers themselves – has transformed the traditional model, leading to a two-way power flow.
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IoT is making this happen now! For this, all energy equipment of the future will need to have system-on-chip technologies. Integrating energy, automation and software with connectivity promotes greater energy and process optimisation
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