Trusted Energy Interoperability Alliance(TEIA) has been formed to develop and promote open technology standards for energy devices, data interoperability, and security for the global energy industry ecosystem.
What is Interoperability?
The ability of computer systems or software to exchange and make use of information.
The Alliance was formed on 6 June 2023, by Energy giants E.ON Group, one of Europe’s largest operators of energy networks, JERA Co., Inc., one of the world’s largest energy companies dealing in fuels, Origin Energy – a leading Electricity Provider & Gas Supplier based off of Sydney, and Intertrust, a company which provides computing products and services to leading global corporations.
TEIA will focus on establishing consistent standards and protocols to ensure secure and seamless data communication within the energy sector.
Its goal is to provide a trusted framework for developing interconnected digital energy systems worldwide, which will help accelerate the transition toward decarbonization.
The energy industry’s integration of digital infrastructure, such as IoT devices, data management systems, and AI, has been more prominent, hence safety from data breaches is critical.
What are IoT Devices?
Pieces of hardware, such as sensors, actuators, gadgets, appliances, or machines, that are programmed for certain applications and can transmit data over the internet or other networks.
Ensuring consistent security and authentication between hardware and software systems is a challenge, these companies often obtain technologies from various suppliers, which results in a huge security gap and vulnerabilities.
Security gaps increase the cost of production and operating costs, ultimately increasing the price of green energy, and complicating global decarbonization goals.
TEIA aims to standardize security formats, application interfaces, and compliance requirements for energy IoT hardware and software which is essential for establishing a fair and balanced environment that tackles shared challenges.
It will adopt common and open specifications by software and hardware vendors which will reduce cost, and security burdens, and provide operators with interoperable technologies that guarantee consistent security measures.
Ultimately, this standardization process will lead to decreased operating costs for all parties involved and translates into savings for energy consumers.
“Standardisation and interoperability of systems in the distributed digital energy ecosystem is becoming increasingly important as the complexity and number of participants increase,” Tony Lucas, Executive General Manager of Origin Energy stated.