Vision10: Putting Digital at the Heart of a Low Carbon Energy Revolution

We recently attended Vision10’s ‘Putting Digital at the Heart of a Low Carbon Energy Revolution’ event at the House of Commons, Westminster. Six inspiring speakers discussed the potential positive impact of, as the title reads, putting digital at the heart of a low carbon energy revolution and the challenges that we face. We discussed the potential of SMART transport, a SMART industry strategy and how this is vital for a low carbon economy.

The potential of digitalisation can increase sector growth by 3%, reduce CO2 by 4% and improve productivity drastically.

When looking at the future potential of the energy market, many options were discussed – once we fully digitalise energy, we will have the option of buying energy at lower prices at certain times of the day; we could have 24-hour switching by third party suppliers who give you the choice of buying energy when it’s at its greenest; energy could be bought as part of a package.

In summary, the energy market needs to be decentralised and decarbonised – we need a new architecture for energy systems which allows for an integrated system utilising assets, which is localised, democratised and digitised.

Digitalisation would enable localisation, leading to a more decentralised energy system allowing production and transmission of energy within a city or area. This would give a lot more freedom to producers and consumers, allowing them to trade with each other and locally; this in turn creates a much more democratic energy system.

For the majority of this to happen, we need a regulatory framework from government supporting the innovation process and creating incentives for the energy market. Local authorities could also play a much bigger role; in addition to the role of smart meters, localisation could mean more involvement with transport and infrastructure, as well as creating green incentives, particularly within the construction industry.

Posted in Koru News and Events