Smart technologies for energy consumption management

The article aims at classifying and describing smart technologies and solutions that are currently used for energy consumption management. It stresses the positive impact of technology on the environment, with a focus on renewable energy, energy efficiency and climate change. The article analyses the green technologies used in energy generation and storage and contemplates over the Internet of Things (IoT) concept that enabled using super-fast flows of information from the generator to the consumer and back with the purpose of optimizing energy management and impacting the demand-side response of the energy consumers. Also, it describes the future smart energy systems that would combines photovoltaic (PV) panels, storage systems and batteries. In addition, it discusses the importance of peer-to-peer (P2P) energy and information exchange, virtual power plants and many other novel elements of the future smart grids that would make the transition to the low-carbon economy and electric transport smooth and effective.