19. October 2015 · Comments Off on Is California’s Latest Move the Next Opportunity for the Internet of Things? · Categories: News · Tags: , , , ,

New opportunities for the Internet of Things, or IoT, are growing exponentially. Don’t believe it? Just think of how many times you’ve recently heard the word “smart” to describe a new product. But that’s not the only area where you’ll find the IoT gaining traction. Applications for it are growing in the energy sector as well. California sees the value of developing “smart” solutions. The Golden State, with the SunSpec Alliance, recently launched a $4 million project to “investigate the application of interoperable smart inverters, solar PV, and storage to enhance grid stability and enable higher penetration of Distributed Energy Resources.” The study is a vital step in meeting the state mandate of requiring all new solar and battery projects to incorporate smart inverters starting in 2016. Updating the power grid infrastructure has been a long-neglected concern across the nation. In 2013, the World Economic Forum released its Global Competitiveness Report, emphasizing the importance of a reliable power grid — one that provides “electricity supplies that are free from interruptions and shortages so that businesses and factories can work unimpeded.” According the report, the United States ranked 30th among 148 global economies.

Source: Is California’s Latest Move the Next Opportunity for the Internet of Things? — The Motley Fool