Population-dense Cities are huge sources of power demand, consuming two-thirds of the world’s energy and producing a similar proportion of carbon emissions. This places Cities at the heart of the climate change debate.
Smart IoT platforms can surely support utilities and multi-utility companies in cost-effectively managing energy distribution networks, enabling remote meter reading and sub-metering, and granting superior and real time visibility over distribution architectures.
Another aspects to be considered, at least from a consumer perspective, is the possibility to break the hegemony of a centralised distribution system and make power more local through the so-called microgrids. This sort of projects support locally driven energy schemes and allow communities to share available resources or sell their own renewable energy back to the grid.
Regulatory policies play an important role, but new innovations are emerging to make the technological side work. Blockchain technology could be a key facilitator of secure, transparent energy trades between individuals or organisations.
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