Data-Driven Planet #23: The Enormous Opportunities of IoT Data
As the Internet of Things (IoT) matures, it will create enormous opportunities for renewable energy. Never before has the energy industry been so strictly regulated and globally competitive. That’s exactly why today’s players need to embrace IoT, make sense of their data and use it for smart decision-making in order to lower costs and increase revenues.
“Data becomes the operational currency of a transforming energy industry. For instance, transporting and analyzing data from wind turbines has high value to grid operators, and companies offering these types of networking or data analytics services can reap the benefits.”
– Neil Strother, Navigant Research
In this week’s Data-Driven Planet:
Even the most diverse corporations like Amazon and Walmart reach their 100% green energy goals and others in Fortune 500 follow their lead. The weather forecasting services market will soon reach a billion dollars thanks to growth in clean energy production. And then there’s positive news from Latin America…
- IoT is an enormous opportunity for renewable energy with cumulative revenues exceeding $750 billion through to 2025.
- SolarCity created 3 maps showing the absurd growth potential of rooftop solar in America.
- A total of twenty-two Fortune 500 companies have embraced 100% green energy goals, Amazon and Walmart among others.
- U.S. installed record amount of solar in Q3–4,143 MW of which 75% came from utility PV segment.
- The size of wind turbines and their power output is growing exponentially — some twice as tall as the Statue of Liberty.
- A fascinating tool that maps the best choice of power plants across the US.
- Latin America is set to become a leader in alternative energy.
- Renewable energy now accounts for the largest share of new U.S. electrical generation put into service thus far in 2016.
- The weather forecasting services market to reach $1 billion by 2021, driven by increases in clean energy production.
- Microgrids increasingly seen as hedge against grid failure and as a way to more efficiently harness renewable resources.
- British wind farms cut carbon emissions by 36 million tons equating to taking 2.3 million cars off the roads.
As a part of our continued commitment to deliver operational intelligence to our customers, each week we publish a carefully curated list of news we consider to be important. Focused on the intersection of geospatial data, earth science, energy, and IoT, the Data-Driven Planet newsletter includes the week’s most notable developments in the market. Subscribe to this Medium Channel to be notified of the next update.