This blog looks at the key discussion points from geo’s breakfast briefing at European Utility Week. At the briefing, in conjunction with IDC Energy Insights, geo presented the findings of a new study on The Internet of Energy: Enabling Residential Demand Management.
On October 4, just before the energy community gathered for the second day of the European Utility Week in Amsterdam, IDC Energy Insights chaired a breakfast briefing organised by geo. geo co-founder Patrick Caiger-Smith, alongside IDC Energy Insights VP Roberta Bigliani, kicked off the session by presenting the findings of a new study produced for geo — The Internet of Energy: Enabling Residential Demand Management . The event was crowded and the briefing stirred lively conversation around the opportunities ahead for the Internet of Energy (IoE) ecosystem and the “active home.”
There was general agreement that the stakeholders need to self-organise around an IoE ecosystem that can work as a bridge to the energy transition. On one hand, by connecting distributed energy resources (EVs, residential battery storage, and rooftop solar PV), IoE will strengthen the resiliency of the entire electricity system. On the other hand, active homes can simplify consumers’ lives by automating energy and comfort management, while offering shorter payback on their IoE-related investments.
Here are some of the key points that emerged during the breakfast briefing:
As shown in the breakfast briefing, there are still many questions about the Internet of Energy, and the IoE ecosystem will play a major role in answering many of these. One thing is certain — the IoE will only reach its potential if industry players can collaborate effectively to eliminate hurdles for customers. If the ecosystem unites, then it is estimated that the IoE will be able to deliver 102GW of residential demand-side flexibility in Europe by 2025 (Source).
active homes can simplify consumers’ lives by automating energy and comfort management