An ETI Perspective - Tools for Future Energy Systems
Abstract:
Modern IT systems combine a number of simple elements to produce a revolutionary outcome:
- Low cost sensors that enable many things to be measured – for example all the information that cars now have available.
- Communications infrastructure that enables data to be transported almost anywhere on the planet.
- Relatively low cost storage and processing power that is scalable, so you mostly only pay for what you need.
- Software tools that enable data to be transformed to produce information and insight that can be displayed in a way that people can easily grasp.
- Social and business ecosystems that set expectations and enable us to share and transact without relying on a single point of control.
- Rating sites such as TripAdvisor, blogs, PayPal and social media channels all provide social and commercial models that increase individual knowledgeand empowerment.
These elements have only just started to penetrate energy, which has been held back significantly by the current governance structures. Energy presents similar challenges to those of finance where changes which should benefit consumers come with new risks. However, giving people more freedom in how they buy and use energy should carry less risk than giving them freedoms over their pensions and other investments.
Publication Year:
2017
Publisher:
ETI
Author(s):
ETI
Energy Category
Class Name:
Subclass Name:
Category Name:
Language:
English
File Type:
application/pdf
File Size:
3094337 B
Rights:
Energy Technologies Institute Open Licence for Materials
Rights Overview:
The Energy Technologies Institute is making this document available to use under the Energy Technologies Institute Open Licence for Materials. Please refer to the Energy Technologies Institute website for the terms and conditions of this licence. The Information is licensed "as is" and the Energy Technologies Institute excludes all representations, warranties, obligations and liabilities in relation to the Information to the maximum extent permitted by law. The Energy Technologies Institute is not liable for any errors or omissions in the Information and shall not be liable for any loss, injury or damage of any kind caused by its use. This exclusion of liability includes, but is not limited to, any direct, indirect, special, incidental, consequential, punitive, or exemplary damages in each case such as loss of revenue, data, anticipated profits, and lost business. The Energy Technologies Institute does not guarantee the continued supply of the Information. Notwithstanding any statement to the contrary contained on the face of this document, the Energy Technologies Institute confirms that it has the right to publish this document.
Further information:
N/A
Region:
United Kingdom
Related Dataset(s):
No related datasets
Related Project(s):
Smart Systems and Heat (SSH) Programme - Data Management and System Architecture Review
Related Publications(s):
SSH Stagegate 1 - Review of International Smart Systems and Heat Initiatives - Final Report
