The IOE Network is defined as: “The open protocol and standard for enabling connection and value flows between any energy device, user, or market.”

The Internet of Energy Network is an interconnected system of minigrids that facilitate transactions within and between minigrids: from the appliance level and consumption, to storage and generation. This re-engineers grids to operate as an intelligent cooperative system, where devices in the network adjust their behaviour to suit local grid needs and the needs of individuals, based on economic incentives.