The role of IoT and smart grid technologies in increasing the efficiency of renewable energy use in homes and businesses

Abstract

Nowadays, human beings are no longer satisfied with today's energy structure. More and more people want to use green energy to replace traditional fossil fuels. In this context, the term "renewable energy" began to rise in human society and gradually became mainstream. Its popularity is reflected in all aspects where energy is used. Especially for utilization in homes and businesses. It not only make our lives more convenient, but also preserve the environment. However, the large-scale use of renewable energy in homes and businesses has remained at the theoretical stage. This is because they are very inefficient in actual use which will cause serious economic losses. However, there are also some solutions to improve the efficiency of renewable energy. Contemporary advanced Internet of Things (IoT) technology and smart grid technology are the best ways to improve the efficiency of renewable energy use. These two technologies optimize the production, transmission and consumption of renewable energy through real-time monitoring, data analysis, intelligent control and other technical means. Thereby improving its usage efficiency. The main idea of this article is to highlight the role of IoT in integration with the smart grid to increase the efficiency of utilizing the green energy. The article concludes that smart grids and the IoT play a key role in improving the efficiency of renewable energy use. At the same time, The article highlights that every country in the future can use renewable energy on a large scale. Countries that master technology can provide some IoT technical support to relatively backward countries, thus helping them to achieve energy transition. This will require the joint efforts of all countries.