A ‘Smart Energy Network’ is a general energy network that uses advanced information and communication technologies to monitor and manage the transport of energy from all fuel sources to meet the varying energy service and demands of end users. An internet of things ‘IOT’- enabled smart energy network has enourmous potential to drive de-carbonization strategies that are cost-effective and credible pathways for creation of fundamental new economic value. Smart energy networks co-ordinate the needs and capabilities of all fuel suppliers, energy transformers, infrastructure operators, end users and energy market stakeholders to ensure efficient operations of all system components. This approach allows for minimizing costs and reducing environmental impacts while maintaining the system reliability, resilience and stability. The concept of smart energy networks goes beyond the electricity-based smart grid environment. The availability of new technologies for using renewable energy resources such as solar, wind, geothermal and biomass, as well as the possible integration of renewable natural gas, clean hydrogen and heating/cooling pipelines into the electricity grid network, provide a basis for reducing the carbon footprint of fossil fuels. Further, its development allows for production of better energy security within an intelligent energy network environment.
The main goals are to conceptualize, standardize and deploy the smart energy network concept in order to make it technically and commercially feasible. The project involves integration of novel energy storage and conversion systems and development of control strategies to accelerate the usage of smart energy network in the practical energy field. We will also aim to build a multi-disciplinary research platform including research laboratories and expertise to enable the design of next generation energy systems, which will achieve high-efficiency energy production, conversion, storage, and use.