Energy Management
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Tackling energy-efficiency complications in IoT buildings
The world is advancing more toward digitization with technologies like virtual reality, edge computing, artificial intelligence (AI), etc. Using such technology to operate on its own with minimal human dependency is now being termed “smart”; a few common examples of which are smartphones, smart watches, and smart cities.
Automotive power demands drive energy efficiency and innovation
The smarter the vehicle, the greater the need for energy efficiency. An ongoing challenge for self-driving vehicles is the immense amount of power needed for autonomy — onboard sensors draw a significant amount of power while in-vehicle computing is constantly making calculations to support instant driving decisions.
Optimizing manufacturing and operations in the face of the energy crisis
Digital transformation and Industry 4.0 best practices are helping many industries cope with the current energy crisis. Many manufacturers could not have survived the increased cost of electricity and gas without automation and digitally enabled power management.
Effective renewable energy management in microgrids
With the increase in the human population and new industries being set up, the demand for electric energy keeps increasing every year. Fossil fuel-based generation, which accounts for the majority of the current energy demands, is also being used to fulfil these increased energy demands. This is slowly leading to the depletion of fossil fuels and an increase in the prices of coal and natural gas. According to the International Energy Association, the average natural gas prices were four times higher in Europe in the first half of 2022 compared to the same period in 2021, while coal prices were more than three times higher. Fossil fuels are also major contributors to greenhouse gases and are responsible for increased global warming.