Toshiba powers Virtual Power Plants with AI and IoT as markets move to decarbonisation

By Marcus Lawrence
Japanese tech giant Toshiba has announced that its Virtual Power Plants (VPP) initiative will be driven by artificial intelligence (AI) and Internet of...

Japanese tech giant Toshiba has announced that its Virtual Power Plants (VPP) initiative will be driven by artificial intelligence (AI) and Internet of Things (IoT) technologies as the energy industry worldwide shifts towards decarbonisation and new energy.

In its press release on the matter, Toshiba highlighted the necessity for energy companies to continually adjust their output levels depending on demand and anticipated consumption, and the risk that mismanaged supply can lead to energy shortfalls.

Toshiba’s VPPs can be leveraged in advanced energy management by applying IoT and AI to aggregation of output information, simulating distribution across networks and “enabling fine adjustments and no-waste generation” through data-driven insights.

SEE ALSO:

As the new energy supply market continues to expand, the management of renewably sourced energy will become increasingly paramount to the success of suppliers, and VPPs are set to facilitate the intelligent management necessary for success.

Toshiba added an additional benefit of VPPs in its statement: “Used in combination with energy management systems at consumer sites, VPP can create and support innovative services. For instance, power that is not consumed as a result of incentives on the demand side, is seen as having the same value as power that is generated, and is measured as a 'negawatt'. 

“VPP can stimulate realization of negawatts, and manage them. In a fully realized market, it will become possible to buy electricity generated from all kinds of power supply sources, including low cost generation by consumers.”

Share

Featured Articles

Sustainability LIVE – More Events to Come in 2024

Sustainability LIVE will be returning with more events in 2024 with New York, London, The Global Sustainability & ESG Awards, and Diversity & Inclusion

Sustainability LIVE New York: Meet Our Speakers

Discover the lineup for Sustainability LIVE New York. Don’t miss out on your chance to attend the two-day virtual event on 3 and 4 June 2024

The Sustainability & ESG Awards Submissions – 1 Week to Go

Just one more week to go until submissions close for The Sustainability & ESG Awards launching at Sustainability LIVE London Global Summit

American Express’s Madge Thomas joins Sustainability LIVE NY

ESG

PepsiCo CSO Jim Andrew joins Sustainability LIVE New York

ESG

Amy Brachio, EY Joins Sustainability LIVE New York

Diversity & Inclusion (D&I)