BP Ventures is to integrate internet of things (IoT) electric vehicle (EV) charging firm IoTecha’s products into its EV infrastructure following a US$7 million (£5 million) investment.
An intelligent energy management system is being developed in Nottingham to optimise clean technology including a fleet of electric vehicles (EVs), battery storage and solar.
European utility Enel has turned to AI software provider C3 to work as a strategic partner of big data platforms and applications across the entire business in a move which it says will strengthen its position at the top of the energy transition.
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.