New energy is led by the Internet
Energy Internet integrates small-scale renewable energy systems, electric loads, storage devices, and electric vehicles for effective transaction of power backed by emerging technologies such as Internet of Things, vehicle-to-grid, and blockchain. The first Industrial Revolution was driven by coal and steam power, combined with the printing press; the second was fueled by centralized electricity and the oil-powered internal combustion engine, together with the telephone, radio, and television. Therefore, a new energy paradigm is known as the "Energy Internet" that combines economics, energy, and technology in an open, equal, and coordinated fashion. Its features, such as plug-and-play mechanism, real-time bidirectional flow of energy, information, and money can lead to significant benefits and innovation in electricity production and. The latter received a boost in 2015, when the G7 pledged to phase out fossil fuels by 2100.
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