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BIG DATA AND PREDICTIVE ANALYTICS IN RENEWABLE ENERGY INVESTMENT
| July 5, 2018
Low Carbon is a privately-owned UK investment company. By investing in, owning and operating renewable energy projects, we are committed to making a positive and significant impact on the causes of climate change.
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.
The U.S. reached a monumental 2 million solar installations in 2019. As more people look to save money through solar energy, many different options for doing so are becoming available. The U.S. Department of Energy defines community solar as “a solar-electric system that… provides power and/or financial benefit to… multiple community members.” These voluntary programs allow community residents to enjoy the perks of solar power without the large initial investment. The solar panels and related equipment are set up in a central location, so residents don’t need to buy and install equipment on their personal properties. The power produced by these projects is then shared by a community, and the hardware is either owned by the community itself or by a third party (i.e. Jaton’s community solar projects in California).
The effect that fossil fuels are having on the climate emergency is driving an international push to use low-carbon sources of energy. At the moment, the best options for producing low-carbon energy on a large scale are wind and solar power. But despite improvements over the last few years to both their performance and cost, a significant problem remains: the wind doesn't always blow, and the sun doesn't always shine. A power grid that relies on these fluctuating sources struggles to constantly match supply and demand, and so renewable energy sometimes goes to waste because it's not produced when needed.
As one of the best renewable sources available, solar energy is recognized for its clean power and affordability. And like most equipment, solar panels and systems need regular maintenance to prevent damage and keep them running as efficiently as possible. If you have clients with businesses that utilize solar panels, the following can help them to prevent unnecessary environmental damage to their energy systems. Today’s solar panels are tested in different weather conditions to ensure they can withstand a reasonable level of bad weather. However, during a lightning storm, it’s often necessary to take additional steps to protect systems from damage.
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