• About
  • Subscribe
  • Contact
Friday, January 27, 2023
    Login
FutureIOT
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
No Result
View All Result
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
No Result
View All Result
FutureIOT
No Result
View All Result
Home Application Smart Cities

Frost: IoT to drive improvements in demand response programs for utilities

Frost says emerging technologies like blockchain, IoT and analytics are proving to be powerful drivers of DR programs

Allan Tan by Allan Tan
September 12, 2018
Smart cities need efficient low power solutions

Smart cities need efficient low power solutions

Grid instability and power outages caused by the peaks in energy demand are emphasizing the need for cost-efficient demand response (DR) programs all over the world. As a new model of energy distribution, DR programs will bolster energy efficiency and energy management initiatives in spite of the declining energy reserves.

The Frost & Sullivan report, Global Demand Response Market, Forecast to 2024, notes advancements in enabling technologies such as data analytics, Internet of Things (IoT), and blockchain, as well as the rise in the number of electric vehicles (EVs) have proven themselves as powerful drivers of DR programs.

"Blockchain technology will provide an innovative and disruptive approach to automated DR programs, thereby creating a secure and decentralized smart energy grid management ecosystem," said Naren Pasupalati Research Analyst for Energy & Environment at Frost & Sullivan.

"Additionally, blockchain-based DR solutions will significantly improve real-time event validation, financial settlements and secure energy contracts. It currently enjoys enthusiastic adoption in regions such as Europe and North America, where the energy sector employs it to meet the growing demand for transactive energy applications."

Meanwhile, the popularity for EVs and their related charging requirements is expected to augment peak power demand globally. The charging stations for EVs will serve not just as fuelling points, but also as vehicle-to-grid (V2G) energy resources that can potentially feed back into the grid and support DR programs.

"As the EVs in operation increase, aggregators or DR services providers will have to plan and implement delayed charging. DR programs rolled out by utilities will leverage price signals to incentivize electric car loads to respond to dynamic hourly as well as time-of-use prices," noted Pasupalati. "Such DR measures will aid significant cost savings by encouraging consumers to reduce peak loads."

Energy storage and V2G are anticipated to become key components of an integrated energy management system by the end of 2030.

Related:  How MSMEs can achieve optimal logistics efficiency
Tags: blockchainFrost & Sullivansmart grid
Allan Tan

Allan Tan

Passionate about IoT!

No Result
View All Result

Recent Posts

  • PodChats for FutureIoT: Changing the future of global supply chains
  • Healthcare and smart city services to lead 5G IoT adoption
  • Device management solution flourish pulled by IoT deployment
  • Blockchain is a priority for IoT enterprises in 2023
  • Lucrative opportunities rise as demand for smart city solutions spike

Categories

  • Agriculture
  • AI and Machine Learning
  • Application
  • Application and Middleware
  • Automotive
  • Banking and Financial Services
  • Big Data and Analytics
  • Blockchain
  • Case Studies
  • Change Healthcare
  • Cloud and Platforms
  • Commercial
  • Construction
  • Consumer
  • Customer Engagement
  • Devices
  • Future Workplace
  • FutureCFO
  • Governance, Standards and Regulations
  • Government, Healthcare and Education
  • Hospitality and Tourism
  • Industrial
  • Industry
  • IT-OT integration
  • Manufacturing
  • Networking
  • Research and Development
  • Retail and E-commerce
  • Security
  • Sensors and Instrumentation
  • Smart Cities
  • smart contracts
  • Smart Home
  • Start-ups
  • Technology
  • TIBCO
  • Transportation and Logistics
  • Uncategorized
  • Videos
  • Whitepapers

About FutureIoT

Asia’s ONLY dedicated IoT publication

The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

Quick Links

  • Subscribe
  • Contact
  • Privacy Policy
  • Cookie Policy
  • Terms of Use

Categories

Recent News

PodChats for FutureIoT: Changing the future of global supply chains

PodChats for FutureIoT: Changing the future of global supply chains

January 26, 2023
Photo by Mikhail Nilov: https://www.pexels.com/photo/a-person-in-latex-gloves-holding-a-glucometer-device-8669879/

Healthcare and smart city services to lead 5G IoT adoption

January 25, 2023
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

No Result
View All Result
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In