Industrial Consultancy & Sponsored Research (IC&SR) , IIT Madras
Smart Meter Based Energy Hubs Perofrming Energy Interoperability To Improve Consumer Friendly Energy Sector
Technology Category/Market
Technology: Smart energy meters for performing energy interoperability with neighbouring smart energy meters
Category: Energy, Energy Storage & Renewable Energy
Industry: Smart meter manufacturer
Application: Utility Billing and Customer Management,Smart Homes and IoT Integration,
Market: The global market size is expected to grow from 99.34 Million units in 2024 to 129.59 Million units by 2029, at a CAGR of 5.46% during the forecast period (2024-2029).
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Problem Statement
- Smart grid technology is rapidly developing, with meter reading and billing processes being manual and time-consuming.
- Smart energy meters have taken over this process, allowing for intelligent electronic devices to meter, store, and communicate data with the central system.
- Conventional postpaid smart meters are used in residential, commercial, and industrial sectors, where users use energy units and pay for them.
- Prepaid smart meters are gaining popularity as they allow consumers to prepay for electricity usage and monitor usage in real-time, reducing unexpected bills.
- Prepaid smart energy meters offer advantages like prepayment for specific usage times, but power supply cuts off when energy units are depleted, necessitating energy interoperability with neighbouring prepaid smart meters.
Technology
- A smart energy meter is a device that enables energy interoperability with neighbouring smart energy meters.
- It consists of a memory and a controller that communicates with the memory.
- The controller assigns a predetermined number of energy units to the meter, monitors usage, determines balance, sends requests to neighbouring smart energy meters, and receives the requested number from at least one neighbouring smart energy meter, ensuring energy efficiency and preventing power outages.
Key Features/Value Proposition
Advantages:
Real-time Energy Usage Tracking
- Real-time monitoring and communication capabilities for energy usage tracking.
- Promotes a decentralized energy ecosystem for energy efficiency, resource sharing, and community cooperation.
“Reducing Dependence on Centralized Energy Grids”
- Transferring excess energy units among consumers.
Prepaid Energy Credits Foster Neighborhood Cooperation:
- Fosters cooperation and collaboration within neighborhoods through the transfer of prepaid energy credits.
Promoting Shared Responsibility and Efficient Energy Use:
- Reduces energy waste.
- Optimizes energy distribution.
“Energy System Facilitation“:
- Facilitates information exchange and coordination among interconnected energy devices.
- Allows consumers to prepay for energy before consumption and communicate with different energy systems.
“Enhancing Energy Transactions“:
- Facilitates transparent, secure, and equitable energy transactions.
- Implemented in any suitable hardware, software, firmware, or combination thereof.
Questions about this Technology?
Contact for Licensing
Research Lab
Prof. Shanthi Swarup K,
Department of Electrical Engineering
Intellectual Property
- IITM IDF Ref. 2609
- Application No: 202441002589
Technology Readiness Level
TRL- 4
Technology validated in lab