The Key to Energy Efficiency Lies in Digitization, IoT and Smart Data

08/09/2017 15:39 Energy Efficiency


The easiest and most optimal way to improve the energy efficiency lies on digitisation or technologies such as Internet of Things (IoT) and smart data. 

This is the declaration of Mike Hughes, Zone President for Schneider Electric UK & Ireland, who took the floor at the company’s Innovation Summit yesterday.

In his speech, he marked that digitisation could significantly enhance and diminish costs.

No matter which is the sector we are dealing with, the key to success represents the efficiency.  
The IoT technologies could reduce considerably the costs through preventive steps and detection of gaps that could be overlooked otherwise.
While asked about BREXIT consequences for UK in terms of energy, Mike Hughes stated that not too much will change for the country, as only 10% of the energy consumed comes from EU. 

Daily (19.07.2018): UK gas prices boosted by around 2% on Wednesday, due to strong demand and lower supplies

19/07/2018 13:41:00

Oil prices surged on Wednesday, as U.S. government data pointed out stronger demand for gasoline and distillates. Brent crude climbed 1% higher to end at $72.90 a barrel. Meanwhile, WTI crude also hiked by 1% to $68.76 a barrel, even though U.S. oil production hit a new record of 11 million barrels per day.


EU and Ukraine in tug of war over Naftogaz unbundling

19/07/2018 09:46:00

The European Commission has repeated its insistence on breaking up the Ukrainian national gas and oil monopoly Naftogaz, separating transmission from production and supply, which the country had agreed to as a condition for receiving massive Western financing. Vice President Maroš Šefčovič, in charge of the EU’s Energy Union, is in talks in Berlin with Russian and Ukrainian counterparts to try to solve disputes over future Russian gas shipments via Ukraine.


Investment in new nuclear declines to five-year low

19/07/2018 09:39:00

Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased.