Home Blog IoT How IoT Can Help with Energy Management

How IoT Can Help with Energy Management

January 31, 2023
11 minutes to read

Written by:

Kostiantyn Oliynyk

Kostiantyn Oliynyk

Head of IoT at Webbylab

Kostiantyn started his career in IT at Webbylab, where he quickly grew from the position of a tester to the role of a manager and business analyst. When the company’s management decided to develop the IoT direction, Kostia became one of its key figures.

FAQ
What does an IoT energy management system do?
An IoT-based energy management system collects data on energy consumption and applies real-time analytics. As a result, companies can optimize their electricity use and implement more resource-efficient strategies.
Is IoT energy-saving viable?
It is. As the stats at the beginning of our article suggest, the implementation of IoT for energy management makes it possible to cut the use of electricity to the extent that it is enough to power more than 150 million homes. We are also confident in the energy efficiency of IoT from our own experience. By turning industrial heat pumps into IoT devices as part of the SmartHeat project, we increased their energy efficiency by 4.35%.
How is IoT transforming the energy industry?
The energy industry benefits from automating numerous processes, particularly energy data collection and analysis. In addition, IoT paves the way for more reasonable use of energy resources, allows for the introduction of renewables, and better monitoring of equipment.
How can IoT help renewable energy?
IoT enabled the creation of smart grids. Such grids allow switching between renewable energy sources and conventional power plants for a streamlined electricity supply. Besides, it empowers the gradual introduction of renewables into the power supply chain.
You may also like
What Is Zigbee Protocol in Wireless IoT Networks
  • IoT
What Is Zigbee Protocol in Wireless IoT Networks

Zigbee protocol stands out for its efficiency allowing developers to create affordable solutions for smart home devices integrated into a single network and other systems…

How to update IoT devices: Process and Methods
  • IoT
  • Tutorial
How to update IoT devices: Process and Methods

How to Update Internet-of-Things (IoT) Devices: Programmer’s Guide The Internet of things is growing exponentially every year. Internet-connected devices are changing the way we work,…

IoT Home Automation: In-Depth Guide
  • IoT
IoT Home Automation: In-Depth Guide

Smart IoT home automation allows controlling domestic appliances and other smart home devices via electronically controlled, internet-connected systems. Home automation solutions can link motion detectors,…

Cost of IoT Prototype Implementation in 2023
  • IoT
Cost of IoT Prototype Implementation in 2023

Any IoT solution combines wireless tech, microcontrollers, and an online connection. Put together, they make this functional device work. However, when launching an IoT project,…

5 Steps to IoT Devices Development
  • IoT
  • Technology
5 Steps to IoT Devices Development

The Internet of Things (IoT) opens up many opportunities across different industries and has strong development potential for the upcoming years. 83% of organizations report…

10 Top Features of Modern Access Control Systems in 2023
  • IoT
10 Top Features of Modern Access Control Systems in 2023

Discover the top features of modern access control systems, including cloud-based management, AI-powered access, mobile access control, and more.

Subscribe to the best creative articles feed

    Email*

    Up
    Cookies talk
    Notice. PrivacyPolicies.com uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our cookies usage.
    Accept