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
Because you are here …
Show your support for our mission by subscribing to one click to our YouTube channel (below). The more customers we have, the more YouTube will suggest relevant companies and technology content that appears to you. Thank you!
Support our mission: >>>>>> SUBSCRIBE NOW >>>>>> to our YouTube channel.
… We also want to tell you about our mission and how you can help us fulfill it. The business model of SiliconANGLE Media Inc. based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have paywall or running banner ads, because we want to keep our journalism open, without the influence or need to chase traffic.Journalism, reporting and comments on SiliconANGLE – along with an unscripted live video from our Silicon Valley studio and the world tracking video team at theCUBE – takes a lot of hard work, time and money. Maintaining high quality requires support from sponsors that are in line with our vision of ad-free journalism content.