According to Andres Carvallo, founder and CEO of CMG, they can and has a logical explanation too. Read on to find more
Every day we get to heard of smart city initiatives across the globe. While we all know that IoT would play a pivotal role in smart cities, but what would actually drive IoT adoption for smarter cities?
Analysts and experts have some interesting views on this topic but Andres Carvallo, founder and CEO of CMG has one of the most interesting ones. He is of the opinion that microgrids will be a major driver of IoT adoption for smarter cities. He shared his thoughts with the world in his recent piece on Intel Grid Insights blog.
He elucidates that since microgrids are small, local energy grids that are capable of disconnecting themselves from the larger utility grid and operating, they could easily be one of the largest applications increasing the adoption of IoT for smart cities. His viewpoint is really interesting. Microgrids were often considered to be playing an important role in strengthening nation’s energy systems, but their role/significance in driving IoT adoption had never been discussed upon.
Carvallo shared other interesting insights about microgrids too. He says high reliability, asset security, emission reductions, and cost reduction are the reasons that make microgrid a favourable choice across the nation.
The growth of microgrids has reached more than 1.2 gigawatts today, and it is forecasted to reach more than 20 gigawatts by 2020. For 2030, Carvallo predicts for microgrid’s growth number to be 100 gigawatts.
Carvallo has also identified several areas where IoT and microgrids will provide opportunities in the future, which include things like control and energy management software, modeling and feasibility analysis tools, building energy management systems, home energy management systems, switching gear, protection gear, inverters, grid interconnectors, batteries and energy storage, storage management systems, communications networks, power meters, microprocessors, sensors, and gateways, to name a few.