IoT Energy Management Application
Energy is one of the most imperative aspects of industrial technological progress. Efficient use of energy and its management is essential for sustainable development and a better RoI. It is now possible to foster the energy management with IoT application. It is often quoted as “You can’t manage what you can’t measure”. Metering and monitoring energy is necessary for the power plants as well and the consumers especially industries. In this article, we talk about how we can monitor and manage energy consumption in an industry.
Top 3 Energy Parameters
For an industrial customer, there are n number of parameters to be managed. We will be able to monitor every parameter. In this article, we have used the three most important factors that directly affects the RoI for the demonstration purpose
Monitoring and measuring these parameters in real-time is a key metric for an energy management program to be successful. The pre-built widgets in IoT platform display trends over a period that it captures the above mentioned factors to give you a real-time view of state of your energy consumption.
As far as energy efficiency is concerned, voltage optimization is much-needed one for systematic controlled reduction in the voltages received by an energy consumer to reduce energy use, power demand and reactive power demand. The gauge chart in widgets can provide a complete view of voltage fluctuations so that you will be able to optimize voltage to reduce energy usage. Besides that, power and load factor have a major impact on energy consumption in industries. Because, Increasing the load factor will reduce the average unit cost of the KWh. Therefore in many situations, improving load factor could help companies save a considerable amount of money. This kind of analytics will help you improve energy management with IoT.
Deducing Anomaly
Widgets captures changes in real-time data non-intrusively and helps in analysing data-in-motion in order to respond time-sensitive operational events. The historical data chart provides the overall power consumed per day. Energy managers can easily identify and manage energy spikes using the historical data charts. Besides that, the slight changes can be notified with alerts and notifications in the dashboard. By reviewing energy trends & spikes, energy managers can make best practices and decision-making to reduce energy consumption. Being able to monitor energy data in real time provides an understanding of energy consumption and performance across separate operations units in Energy and Power industry.
Improving ROI
Monitoring Load factor will provide energy managers with better insights into cost per unit of energy. Your Industry or commercial institution could lower its demand by improving load factor. Besides that, Increasing your load factor will diminish the average unit cost (demand and energy) of the kWh. Depending on your situation, improving your load factor could mean substantial savings. It helps industries or any other organizations to reduce costs in demand or power factors as well as utilize rebates to improve return on investment (ROI) on energy products and energy procurement. This makes a proactive and predictive approach to energy supply & consumption strategy because,this kind of analytics will help in making informed decisions to mitigate challenges to make an accurate and timely decision. Enhance your energy management with IoT application.
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Originally published at https://www.bevywise.com on September 11, 2019.
