How IoT Can Boost Renewable Energy in 2024

By vishvjeetsinh_sa In Iot in Renewable Energy On December 12, 2023

The demand for sustainable energy sources continues to grow.  It is becoming increasingly important to find innovative ways to boost the production of renewable energy. The Industrial Internet of Things (IoT) has made it possible to integrate digital transformation solutions into the traditional energy infrastructure, creating new opportunities to increase the production of renewable energy in an efficient and sustainable manner. Technologies such as asset monitoring are able to help plants reach maximum efficiency while Remote Tracking reduces the cost of manual intervention.

IoT has streamlined energy production processes and allowed real-time monitoring of equipment maintenance. Automotive tracking has helped monitor energy consumption to help organizations create a conservation plan with Advanced Analytical insights to find real-time risk management, promoting safety and sustainability while also focusing on scalability.

To understand how industrial IoT solutions can help increase renewable energy in 2023 and beyond, it is important to discuss global trends that are taking place in recent times. It is important to note that advanced automation and predictive analytics have potential economic benefits. According to the International Energy Agency the Global Energy Sector is set to achieve zero CO2 by 2050.

Overview of Renewable Energy

The global energy landscape is rapidly evolving, with renewable energy sources now providing a significant portion of the world’s electricity. This evolution is fueled by high public demand for clean, affordable energy produced using advanced technology, from clean energy sources such as solar, wind, and hydropower. Renewable energy not only aids in decreasing global carbon emissions but also offers subsidies and grants for consumers based on their usage.

In recent years, there has been an increase in renewable energy adoption across many countries. According to Statista China is leading with over 1167 gigawatts of renewable energy installations, followed by the United States with 352 gigawatts and Brazil with 175 gigawatts.

While this growth of renewable energy is encouraging, there are still several obstacles on the way towards a more sustainable future. The most significant obstacle is the cost. Although costs have decreased significantly over the past decade due to economies of scale, they remain higher compared to traditional forms of energy generation such as coal or natural gas. Additionally, some countries lack sufficient infrastructure or resources needed to invest in large-scale renewable projects. This makes it difficult to make a successful transition away from fossil fuels.

Fortunately, there are several strategies that can help promote faster adoption of renewables worldwide. One approach is increasing public awareness about the economic and environmental benefits of renewables through education campaigns. Another is that businesses should consider investing in digital transformation solutions. Solutions such as Industrial IoT solutions that can enable remote asset monitoring, predictive analytics, and advanced automation – all of which improve efficiency while reducing associated costs.

By exploring new digital technologies such as Industrial IoT solutions, businesses can begin taking steps towards achieving their energy goals – helping us move closer to our vision of a cleaner future powered by renewable energy sources.

IOT in the Energy Industry

The Internet of Things (IoT) is a revolutionary system that connects physical objects and machinery to the Internet, allowing for the exchange and act of data. IoT sensors can be connected to different types of networks such as cellular, Wi-Fi, or Bluetooth, and are equipped with embedded electronics & software for 24/7 connectivity. With the help of this technology, businesses are able to monitor physical processes remotely through real-time data collection which helps to track progress and provide feedback on it.

The Internet of Things provides energy companies with innovative ways to increase energy production and reduce costs. By connecting industry machines in renewable energy facilities such as wind turbines or solar panels with sensors , companies can optimise operations more efficiently.

This results in fewer interruptions during production cycles.  While also improving overall output levels and reducing maintenance costs associated with manual inspections. Additionally, automated systems powered by IoT technologies can better predict future events rather than relying on past trends for forecasting.

Energy companies should explore these digital technologies if they want to stay competitive in this rapidly changing environment. 

Industrial IoT Solutions for Renewable Energy

Industrial IoT solutions offer a powerful way to collect data from different sources, which can then be used to gain valuable insights into how the energy management systems are performing. Data received from IoT sensors can be trained for anomaly detection. While remote monitoring can allow real-time monitoring of temperature, atmosphere, air pressure, pollution levels, etc.

Furthermore, automation technologies such as robotic process automation (RPA) provide an opportunity to reduce manual labour costs while enhancing safety and accuracy. All these features make industrial IoT solutions a must-have for businesses seeking to boost their renewable energy efforts in 2023.

Benefits of IoT Solutions for Renewable Energy

Benefits of IoT Solutions for Renewable Energy

With the right digital technologies, companies can access a wealth of data and insights that can aid them in optimising performance when implementing energy systems. Here are some key advantages of using these solutions

Remote Monitoring and Control 

Through IoT solutions, businesses have the ability to observe and regulate their energy usage remotely. Thus cutting down on waste while increasing accuracy and reliability. By leveraging real-time data analysis, businesses can determine how to best utilise resources and identify areas for improvement.

 

Predictive Maintenance 

Thanks to predictive analytics, companies can detect issues with equipment or machines before they become a problem.  This method allows quick corrective action to reduce downtime or avert costly repairs. Furthermore, predictive analytics also aid businesses as far as scheduling maintenance goes – guaranteeing their assets remain running smoothly without interruption.

Strengthening safety standards

IoT sensors can be incorporated into solar panels, wind turbines, and other renewable energy installations. They help in continuous monitoring and identifying anomalies or irregularities that could compromise safety. Remote monitoring systems and data analytics allow quick identification of faults or malfunctions, enabling quick intervention in an emergency situation.

Real-Time Data Analysis

Real-time data analysis is indispensable for making decisions in today’s ever-changing environment. Through advanced analytics such as AI or ML, businesses gain insight into how their systems are performing. Focusing on optimal functioning while meeting sustainability targets.

Digital Twins

Digital twins give businesses an edge when it comes to optimising performance. Creating virtual models of physical assets, digital twins enable testing different scenarios virtually. This helps in saving both time and money in the process! 

Automation Technologies

Robotic process automation allows businesses to boost renewable energy efforts with ease. Eliminating manual labour – freeing up employees’ time and requiring fewer people to maintain the same infrastructure!

This not only reduces costs but also increases safety. Since humans are no longer involved in certain processes which may be hazardous.

Conclusion

In an ever-changing world, renewable energy is becoming an increasingly important part of the global energy mix. With digital transformation solutions such as Industrial IoT technology, businesses can now take advantage renewable energy quickly and efficiently. These solutions offer a range of benefits for companies looking to reduce emissions and increase efficiency.

Our team at Rejig Digital is committed to guiding businesses in navigating this exciting landscape. We empower our clients to make informed decisions and implement effective IoT strategies in renewable energy. Contact us to explore how we can support your journey.