Want...) US-based semiconductor chip maker Intel announced on May 28 the completion of a smart energy union laboratory jointly built with China's Smart Energy Industry Technology Innovation Strategy Union, reports yicai, the online portal of Shanghai's China Business News.
The Smart Energy Industry Technology Innovation Strategy Union signed the strategic cooperation agreement with Intel at the first Intel energy solution summit last year. The two parties agreed to promote the development of internet-connected energy in China based on Intel's Quark processor and the IEEE1888 international standard, the first China-initiated ICT standard recognized by the international community.
According to Liu Dong, founder of the IEEE1888 standard and director of the lab, the newly established lab will utilize Intel's software and hardware environment, including a device-to-device IoT (internet of things) platform, and the integration of solutions and standards from different sectors including ISO, IEC and IEEE18880. The lab will help link industry partners from front-end to back-end as well as examine solutions in key energy sectors such as industrial construction.
The Chinese government spends nearly 500 billion yuan (US$80 billion) in energy saving and carbon reduction every year. Smart energy management will help to achieve energy utilization more effectivly, said Liu.
The IT investment of the energy sector in China is estimated to reach 61.5 billion yuan (US$9.9 billion) in 2015, with the compound annual growth rate exceeding 20%.
Intel has set up an independent IoT division in September 2013, focusing on the IoT development in retail, transportation, manufacturing, smart buildings and smart home.