As customer interest in these grid-connected, customer-owned technologies continues to spread, new electric distribution network technologies are necessary to accommodate them, and a fundamentally different approach to the electricity grid is needed.
Being closely associated with energy industry and working for Oracle—a leading cloud provider—the term “energy cloud” immediately prompted a question for me: if energy can truly be thought of as a cloud, what are IaaS/PaaS/SaaS equivalent?
The Internet of Things (IoT) and increasing distributed energy resources and connected devices at the edge of the grid are transforming the electric utility industry. The sheer numbers of devices are phenomenal: smart meter deployments in the United States alone were projected last year to reach 70 million by the end of the year, and to reach 90 million by 2020.
We went directly to the partner you need to get those cloud strategies moving forward. We had a chat with your regulators. In fact, we surveyed 76 U.S. regulatory staff and commissioners, and we asked them lots and lots of questions about the cloud.
Cloud is heating up on the utilities front: new research shows that 45 percent of utilities are already using it, and a further 52 percent are making plans to do so. According to "On Cloud Now: Cloud Technologies are Here for Utilities", a new Oracle Utilities study, utilities are embracing both software-as-a-service (SaaS) and private cloud/hosting solutions as they transition to the cloud.