Main Benefits of IoT in Peak Shaving
- Enhanced Real-Time Monitoring and Analytics
– IoT devices provide continuous monitoring of energy consumption patterns, equipment performance, and demand fluctuations. This enables real-time analytics and informed decision-making to optimize energy usage and reduce peak demand. - Optimized Energy Management and Load Balancing
– IoT sensors can measure energy consumption across various devices and systems, allowing for dynamic adjustments in energy usage. This ensures that energy is distributed efficiently across different times of the day, thereby avoiding peak demand periods. - Cost Savings and Reduced Demand Charges
– IoT-based peak shaving can lead to significant cost savings by reducing the highest power consumption rates during peak hours. This results in lower demand charges, which are often a major component of commercial and industrial electricity bills. - Integration of Renewable Energy Sources and Energy Storage
– IoT facilitates the seamless integration of renewable energy sources and energy storage systems into the grid. This enhances grid stability by allowing energy to be drawn from stored sources during peak demand periods, reducing reliance on traditional power generation. - Improved Grid Reliability and Stability
– By reducing peak demand, IoT-enhanced peak shaving helps minimize grid congestion and strain, leading to a more reliable and stable power supply. This also supports sustainability objectives by promoting the use of renewable energy. - Predictive Maintenance and Automated Controls
– IoT devices enable predictive failure detection and allow for automated adjustments to energy consumption based on real-time data. This proactive management helps prevent power outages and reduces maintenance needs.
Overall, IoT in peak shaving enhances the efficiency, reliability, and sustainability of smart grids by providing real-time insights and enabling dynamic energy management strategies.
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-in-smart-grids/
