In age of IoT, the energy market is changing rapidly. Smart meters are becoming an industry standard and their deployment is expanding around the world. Renewable energy sources are also growing. New players and private citizens join the energy market by deploying solar and wind installations, while the expansion of next-generation electric cars and car batteries provides a new way of storing energy. We are in the midst of an exciting transformation of smart energy, where IoT allows new business models that support increasingly more complex energy infrastructure.
Families or new businesses can now use solar panels or other green energy sources to fill a virtual power plant from which other people can draw. Thanks to the Smart Metering connection, the manufacturer is able to find out how much energy is needed for his personal consumption and sell the rest to people who have greater energy demands. Everything is done through a secure network that protects all personal information from leakage and safely transfers energy requests. The manufacturer can also choose how much power and to who they will distribute it.