Developing renewable energy is the goal of every economy at the moment, but relying on solar, wind, etc. will need a stronger grid. Just production will not sustain a large supply, effective storage will make it possible to smooth out disruptions in supply and demand, and harness renewable power better.
Technological advancements are also moving in that direction. The products include large-scale lithium-ion batteries and hydrogen storage. A tech giant, Malta Inc. uses set-up industrial processes and molten salt to collect energy and pump it back into the grid as per the demand.
Another energy company, Hitachi Energy has set up ‘collaborative operations centres’ which are a network of facilities around the world that can be used to remotely manage power grids and interaction for utility and industrial customers.
Experts say the entire energy market is transforming, and the challenges are growing in scope and urgency. It is not just one aspect of transformation, many changes are simultaneously happening at once and requires more and more electrification.
Part of the storage industry is also the energy management system(EMS). Many EMS offer options for cloud-based monitoring and utility adjustment making it more and more convenient and effective. Future prospects will require more than a single product for a grid, energy storage, or a control system. A flexible and customised solution for reducing complexity, while increasing stability and reliability. This will ultimately need more digital services for their own growth, productivity, and management.
Pic credits: pixabay
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
