With the digital transformation of the energy industry, numerous possibilities are emerging that go beyond the roll out of smart meters required by law. The power industry and the IoT are converging.
The energy sector is undergoing sweeping changes, with decentralization, digitalization, and sector coupling giving rise to new processes and business models. As smart meters make their way into the world, they are helping to connect disparate systems to create a smart grid.
This presents some challenges for power companies. For one, they have to roll out their offerings with price caps in mind. For the other, they have to find revenue models that work in a new and unfamiliar competitive arena. And they have to prepare their workforce for new digital use cases. Distribution network operators, in turn, have to adapt to a world where power no longer flows from one central source. They also have to cope with mounting instability as more and more decentralized plants join the grid.
Digitization helps the energy sector meet these challenges and implement use cases that extend far beyond the statutory rollout of smart meters. For instance, the data exchanged via highly secure metering infrastructure can provide the basis for new IoT business models.
IoT use cases for energy suppliers
The Bosch.IO Energy team helps energy suppliers implement sustainable IoT use cases. In addition, we support distribution grid operators’ efforts to transition to a smart distribution grid.