What is an energy platform?
The energy platform is made of three key components: the energy cloud for the generation, distribution and storage of electricity, the digital platform for industry and customers to jointly manage the energy infrastructure, and the transaction platform for trading and services.
How to implement the energy platform?
In order to implement the energy platform, there is significant work to develop enabling technologies such as energy storage, power electronics, and mathematical and computing tools. Control and optimization of a large number of devices and players to ensure system-level performance also requires a large and sustained effort.
What tools are needed to understand future power-electronics-dominated systems?
Computational and Mathematical Tools (Big Data Analytics and Artificial Intelligence-AI): New mathematics and models will need to be developed for understanding the fundamental dynamics of future power-electronics-dominated systems with large amounts of renewable energy and energy storage .
Why should you invest in an energy platform?
The energy platform even provides the opportunity for subscritpion based, bundled services beyond electricity consumption, including smart building and smart home development, remote sensing and health care, home security, and even financial services considering energy consumption and utilization can be an integral part of the daily activities.
Why do utilities need a new energy platform?
Furthermore, the platform must provide mechanisms to control the flow of energy to maintain the system stability and provide tailored customer services. The utility is in a unique position to orchestrate an ecosystem in which all players contribute and maximize the benefits based on the new energy platforms. 2.
What is the target for energy storage?
The Department of Energy (DOE) target for energy storage is less than $0.05 kWh −1, a 3–5 times reduction from today’s state-of-the-art technology . Fig. 4.
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The energy platform consists of the hardware and software to generate, store, control and transmit electricity/data, the digital platform to share and manage the infrastructure, and the
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