How can energy prices become more economical in the future with the integration of digitalization?
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sheikh asadullah
Energy efficiency simply means using less energy to perform the same task – that is, eliminating energy waste. Energy efficiency brings a variety of benefits: reducing greenhouse gas emissions, reducing demand for energy imports, and lowering our costs on a household and economy-wide level.
Henry
For example the energy WiFi developed in Harvard University, it would reduce in the cost of energy and increase it efficiency.
Sandeep gocher
Energy efficiency simply means using less energy to perform the same task – that is, eliminating energy waste. Energy efficiency brings a variety of benefits: reducing greenhouse gas emissions, reducing demand for energy imports, and lowering our costs on a household and economy-wide level.
Didarul
Following Top Down approach will be important here, then only the results can be achieved.
Nagesh Setty KS
By the Integration of Digitization into Energy Consumption, you will have the data in hand, by doing the analysis of the data, you can optimize on the consumption of Power and increase the efficiency of Power Consumption.
Same way you can improve the efficiency in Power Generation also.
Implementation of IoT in Energy management will benefit a lot.
To implement / to start with Industrial IoT on Power Management, you can contact me.
Ankur Sharma
Following Top Down approach will be important here, then only the results can be achieved.
Anant Gijare
Yes. This is due to technology evolution. The cost of power generation is getting lesser due to non-conventional (Solar, Hydro, wing, bio, Tidal etc ) methods for power generation. Scientists are working hard to bring down the cost of power storage and the solar cell.