Track L | Emerging Energy Trends
IoT is more than creating value for building owners. It's also about solving the challenges facing the electric grid, where there is a growing need for system flexibility and energy storage. A developing solution is enabling buildings as a resource for the power grid – where buildings, just like power plants – can provide firm and flexible grid products to utilities, including capacity, energy, and ancillary services - without sacrificing comfort or operational performance in the building.
Smith will discuss how the building industry has evolved from an energy-efficiency-only focus to the demand-response approach. He will then address how the industry is now evolving to activate buildings as grid resources.
When outfitted with appropriate equipment and controls, fleets of buildings can be scheduled and dispatched by grid operators like virtual power plants to supply energy, capacity and ancillary services. When buildings are used as virtual power plants, organizations not only help relieve congestion to the grid.
They also can run their businesses more cost-effectively because they can use flexible energy storage to track energy supply, manage energy demand and decrease costs.
No Spam - only latest news, program and activity updates!