Businesses to Cut Energy Consumption and Cost Through Internet of Things

Businesses could save big by using smart appliances connected to the Internet of Things, making financial savings which can be used for other business ventures. The smart tech is able to provide additional details regarding energy consumption, when and where it is happening and how to save money.

“Energy costs for businesses, particularly small businesses, are always a big challenge – especially if that business is energy intensive,” said Rob McNamara, executive director of SmartGrid GB, in a statement published by The Guardian. “So any technologies, products and services that can help them reduce their energy costs are typically going to be welcome. And things like smart metering, in particular, can provide them with tangible benefits.”

Smart metering is said to be able to provide minute-by-minute metering of energy consumption, a unique tech that holds a lot of potential on the market. With all the new tech available, businesses should be able to embrace the IoT in the near future, increasing functionality and cutting costs at the same time.

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Meet Elio – The £4,500 Car With Three Wheels

Many have attempted to produce low-cost and efficient forms of personal transport. We’ve seen innovative vehicles like Renault’s Twizy and more personal solutions like the Segway. One new American company believes it has the solution at this year’s CES.

The Elio is a new car-type vehicle, that has three wheels and a very small engine. It is a car though, one safe for road use and one that does 84 miles per gallon.

Yes, gallon. Of fuel. This vehicle is not electric, as many of these things are. It seems that the desginers of the Elio have simply aimed for low cost of manufacture rather than cost of fuel, however it looks like that they’ve attempted to offset that by utilising such a small engine and weight of the overall vehicle.

The car is sort of in production, but there’s a waiting list, with distinctions between refundable and non-refunable deposits towards the car. Those who place a non-refundable deposit get place higher on the waiting list, but with a risk of course.

Source: The Verge