Tag Archives: AWS will help Vector provide cleaner energy in Australia and New Zealand

AWS will help Vector provide cleaner energy in Australia and New Zealand | Instant News


Amazon Web Services Inc. today said already forming a partnership with an energy and gas distributor based in New Zealand Vector Ltd. to create a new “internet of things” platform for the energy sector.

The New Energy Platform, as is known, will be jointly developed by AWS and Vector as part of a new strategic alliance. The hope is that NEP will be able to provide people with more affordable, reliable and cleaner energy in Australia and New Zealand, AWS and Vector said.

NEP will be empowered by the AWS cloud and collect and analyze data from 1.6 million smart meters connected to IoT that collect information about energy consumption and network performance from people’s homes. One of the main services that will be used is AWS IoT Analytics, which is a fully managed offering that can carry out sophisticated analysis on very large volumes of data. The idea is to gain insight into network performance that can be used to plan energy networks, increase reliability for consumers and inform smarter investment decisions.

In addition, Vector said, it would use these insights to help energy providers and utilities create “tailored product and price solutions” for consumers based on their energy consumption habits. The aim is to help Vector improve meter processing from 30 minute intervals to five minutes in Australia next year.

NEP will also assist energy and utility companies to develop new market models that can accelerate the adoption of renewable energy sources and electric vehicles. The new service will include providing more precise information to the energy market, allowing for “accurate and dynamic pricing models” for energy companies and utilities to encourage the use of locally produced energy such as by solar panels and microgrids or stored by consumers with batteries.

Photo: Free-Photos / Pixabay

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