Using IoT to enable Agile Trading of Distributed Energy Resources - The Cisco News Network - APJC

In 2018, the number of Australian households with rooftop solar passed 2 million – that's one in five.¹ Tomorrow's smart grid will be a constellation of many generation sources working together, shifting from the traditional one-way power flows from generation through grids to consumers to two-way flows including from the customers back into the grid. As we move towards decentralisation, there is an urgent need for new business models and the technology to support it. A new wave of innovative technologies such as Internet of Things (IoT), Edge and Fog computing, blockchain, machine learning and Artificial Intelligence (AI) will become key enablers for such a transformation. Cisco in partnership with the University of Technology Sydney (UTS) and SAS embarked on a trial where the feasibility and economic benefits of DER aggregation and a real-time energy brokerage in a residential framework were successfully designed, tested and verified.