Review of Internet of Things (IoT) in Electric Power and Energy Systems

Abstract

A transformation is underway in electric power and energy systems (EPESs) to provide clean distributed energy for sustainable global economic growth. Internet of Things (IoT) is at the forefront of this transformation imparting capabilities, such as real-time monitoring, situational awareness and intelligence, control, and cyber security to transform the existing EPES into intelligent cyber-enabled EPES, which is more efficient, secure, reliable, resilient, and sustainable. Additionally, digitizing the electric power ecosystem using IoT improves asset visibility, optimal management of distributed generation, eliminates energy wastage, and create savings. IoT has a significant impact on EPESs and offers several opportunities for growth and development. There are several challenges with the deployment of IoT for EPESs. Viable solutions need to be developed to overcome these challenges to ensure continued growth of IoT for EPESs. The advancements in computational intelligence capabilities can evolve an intelligent IoT system by emulating biological nervous systems with cognitive computation, streaming and distributed analytics including at the edge and device levels. This review paper provides an assessment of the role, impact and challenges of IoT in transforming EPESs.