Adapting market design To high shares of Variable renewable energy

| October 12, 2017

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T he world has embarked upon a major energy transition which is bringing about profound changes in the ways electricity is produced, distributed, and consumed.

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Solect Energy

Solect is a full-service solar photovoltaic (PV) project developer and installer based in Hopkinton, Massachusetts, delivering smart solar and energy management solutions that help businesses and organizations reduce energy costs. As an industry leader in commercial-scale solar energy, Solect takes a practical approach to the development, installation and on-going support of each system.

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4 Ways to Know Solar is a Good Fit for your Business

Article | March 27, 2020

Big or small, many industrial businesses can reap the benefits of installing solar power. When considering going solar, business executives should consider their goals of the project. Are you interested in going solar to cut your energy consumption and energy costs, being green-friendly to create a sustainable advantage or do you have another reason? There are many benefits of going solar for businesses Reduce Your Utility Bill, Get a Good Return on Investment Your company will always need electricity. Drawing on sources such as coal, natural gas, or oil costs your business increasing amounts each year. Drawing on the sun’s energy through solar is predictable and offers economic opportunity. Solar power offers the chance to reduce or eliminate your electricity bill as the power your system produces offsets the power you pull from the grid. The more power your system generates, the less you owe in utility costs.

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Is solar or wind a better way to power your home?

Article | February 25, 2020

A growing number of homeowners in the United States are turning to renewable energy sources to provide power for their homes. Solar power systems only need sunlight to power your home and vehicle, recharge large battery systems, and still allow you to sell extra energy to your utility company. Wind power can perform the same functions by producing energy from wind-powered turbines. Both depend on often volatile forces of nature, but overall, solar panels provide more consistent energy. Solar panels don't include moving components, as wind production units do. These and other differences play important roles in deciding which renewable energy option is best for you.

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Electric vehicles could turn solar households into autonomous energy units

Article | February 17, 2020

Many discussions abound on how Australia can reach renewable energy targets of 50 per cent and much more. Many experts believe achieving this goal will depend on the availability of a low cost, bulk energy storage infrastructure. Pumped hydro has received much attention in this regard. While technically feasible, bulk storage still requires transmission and distribution infrastructure that is not only costly but will take considerable time to implement. A far simpler and cost effective route is the bottom-up approach of turning each house into an autonomous energy unit. The use of solar panels in homes and small industry has proven to be remarkably successful.

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How to plan for a safer and smarter energy storage market?

Article | February 18, 2020

According to DNV GL’s 2019 Energy Transition Outlook, the combination of storage for the grid and storage available in vehicle-to-grid systems will exceed 40 TWh in 2050 worldwide. Storage and in particular battery solutions will help propel the transition to a decarbonized, electrified energy future. The energy storage market presents a tremendous opportunity for project developers and lenders worldwide. The drivers are clear and global: the rapid electrification of the transport, buildings and manufacturing sectors, the need for smooth integration of variable renewables, whether for a wind farm or industrial solar systems, and financial flexibility for both providers and customers.

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Spotlight

Solect Energy

Solect is a full-service solar photovoltaic (PV) project developer and installer based in Hopkinton, Massachusetts, delivering smart solar and energy management solutions that help businesses and organizations reduce energy costs. As an industry leader in commercial-scale solar energy, Solect takes a practical approach to the development, installation and on-going support of each system.

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