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Integrating M2M and IoT technologies is crucial when it comes to advancing a functional Internet of Energy.

www.eetasia.com, Dec. 21, 2023 – 

There's no question that a significant increase in electric power generating capacity is taking place. Yet the widespread adoption of energy-intensive technologies, such as electric vehicles, heat pumps and industrial operations, adds strain to an aging power grid infrastructure.

The IEA's 2022 World Energy Outlook Report predicts a 75% increase in global electricity demand by 2050, assuming the global energy system remains on its current trajectory. This further necessitates the need for innovation. And plenty of people connected to policymaking–including those in the United States, the European Union, the United Kingdom, India, Australia, Korea and Japan–and companies like Google, Microsoft, Schneider Electric and Siemens are showing interest by connecting with the IEA.

As more grid-connected devices enter the consumer market, power systems must increasingly be able to accommodate multi-directional electricity flows. Some countries are focusing on renewable energy sources to solve the increased demand, but this adds complexity to flow predictability.

Watchers of energy developments will have heard of many proposed solutions, including the possibility of integrating cutting-edge technologies, such as machine-to-machine (M2M) communication and Internet of Things (IoT) devices to enable peer-to-peer (P2P) energy sharing in a distributed energy network. These technologies have the potential to revolutionize the way energy is produced, consumed, and shared–and they could pave the way for a functional "Internet of Energy" (IoE).

Still, the opportunities of the IoE prompt several questions. For instance, how can M2M communication and IoT devices facilitate the advancement of a functional IoE? Are existing models available to help? And what sort of device compatibility is required to enable energy-sharing?

Moreover, is implementing a potential IoE network on a large scale as simple as enabling local device interoperability to reduce users' reliance on the grid and external energy suppliers–or is a large-scale approach more involved?

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