According to recent research, advanced energy supply technology, AI-powered demand management, and supercooling techniques can help households in the UK and the EU save money while reducing CO2 emissions
Recent research indicates that using energy at the appropriate time could save 40 million tonnes of CO2 emissions every year in the UK and EU. The study suggests that by implementing advanced energy supply technology, it is possible to achieve societal cost savings of €10.5 billion (£8.76 billion) by 2030.
A recent analysis commissioned by Danfoss, a Danish engineering company, suggests that households could save up to 7 percent on their electricity bills by the decade's end if they use technology to manage their electricity demand.
The research recommends using AI to merge building, weather, and user data to predict heating and ventilation demand more accurately, which would help reduce the waste of energy in empty rooms. The study also found that tests conducted using this technology on 100,000 flats in Finland reduced maximum power usage by up to 30 percent.
Supercooling techniques could also be implemented to cool supermarket freezers to a lower temperature outside peak demand hours and then switch them off during peak hours, saving money for the supermarket.
A recent study suggests that a large number of households will soon have heat pumps installed and will be connected to district heating networks that run on renewable energy and use waste heat from the tubes and sewers. By making buildings more efficient and flexible, it will be easier to incorporate wind and solar power into the energy system while reducing energy waste and helping consumers save money.