Following on from the proof-of-concept demonstration of a blockchain-powered energy web at European Utility Week last month, the Energy Web Foundation’s Andreas Hergesell and Peter Bronski explore the technical considerations surrounding blockchain applications in the energy sector, and the importance of bridging the digital and physical worlds.
Articles tagged with: internet of things
The University of Oxford is to test the capabilities of a Virtual Private Wire Network (VPWN) to manage the energy use of 400 buildings currently linked together on a micro-grid via a private wire network.
Energy companies could boost turnover by an average of 9% - equivalent to around US$217 million (£164 million) – over the next five years by adopting industrial internet of things (IIOT) technologies, but face numerous hurdles.
Utilities consultancy Utilitywise is developing a new Internet of Things (IoT) platform alongside telecoms and tech giants Vodafone and Dell EMC which professes to “transform” the way businesses use energy.
British solar developer Lightsource BP has acquired Irish Internet of Things specialist Ubiworx in a deal which the company said would allow it to take advantage of a “reinvention” in energy.
The Internet of Things (IoT) is here, and it’s here to stay. With the growing trend towards smart appliances, consumers are using online solutions to manage almost every aspect of their lives. William Howard, senior product manager at GE Power Digital, explains why the power sector must make sure to keep up.