The main benefits of using IoT for peak shaving include:
- Real-Time Monitoring and Analysis: IoT devices enable continuous monitoring and analysis of energy consumption patterns, providing real-time insights into demand fluctuations. This data helps operators make immediate adjustments to reduce peak demand.
- Automated Adjustments: IoT technology allows for automated adjustments in energy usage based on current demand and pricing signals, enhancing efficiency and cost savings. For example, IoT can activate cooling systems early to pre-cool buildings before peak hours.
- Load Balancing: IoT devices help distribute energy consumption across the day to avoid peak usage times. This load balancing reduces strain on the grid and lowers costs.
- Integration with Smart Grids: IoT integrates well with smart grids and energy storage systems, enabling businesses to shift or store energy for peak periods, thus stabilizing the grid and reducing peak demand charges.
- Cost Savings and Enhanced Grid Stability: By utilizing IoT for peak shaving, companies can avoid high electricity costs during peak hours and contribute to a more stable energy grid. This is particularly important for industries facing demand charges based on their highest power consumption rates.
- Environmental Benefits: The use of IoT in peak shaving supports sustainable energy practices by optimizing energy use and facilitating the integration of renewable energy sources, leading to a more environmentally friendly energy system.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-are-the-main-benefits-of-using-iot-for-peak-shaving/
