With energy management becoming an increasingly important aspect of business strategy, today’s industrial companies are looking more closely at their energy profiles to identify opportunities for cost reduction, decarbonization, and resilience. They are increasingly adopting energy management technologies and considering onsite resources, such as renewable energy and energy storage. There are also strong market trends driving the acceleration of the energy transition. The first is the process of decentralization; the energy industry is transitioning from a classical model of distributing electricity from large central power stations to a model in which consumers are also producers. The decentralization of energy plays a significant role in cutting the industry’s carbon emissions, thanks to its association with micro-renewables, energy storage, and the reduced transmission loss (due to electricity being generated nearer consumers). It also has the potential to bolster energy security, relieving pressure on the grid during peak times.
Another promising trend is the ‘Internet of Energy.’ IoT devices help customers use energy more efficiently, cutting costs and emissions. For instance, a smart thermostat will only turn on the heat when necessary, while a smart washing machine will only run off-peak or when there is sufficient renewable energy available. Furthermore, IoT also presents a potentially vast opportunity to meet climate targets if scaled up. Access to real-time data across the power grid will allow vendors to respond to changes in demand with greater speed and precision, meeting growing demand while minimizing wastage. Alongside, sensors in energy infrastructures will make real-time monitoring possible, reducing the risk of disruptive and dangerous equipment failure.
That being said, more energy companies are experimenting with digital twins: sophisticated computer models which replicate a system, often informed by real-time data. These enable remote monitoring of assets, from a single wind turbine to an entire grid.
Highlighting these new developments in the smart energy landscape, Energy Tech Review has compiled a list of leading smart energy solution companies that are at the top of their game in the APAC region. The enlisted organizations are transforming the energy landscape at the convergence of several disruptive technologies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Energy Tech Review’s “Top 10 Smart Energy Solution Providers in APAC – 2021.”
