WELCOME TO The greenenergy REPORT
Electrical Energy Storage to Make Wind and Solar PV Resources Disptatchable
Ecoult delivers energy storage solutions that improve energy reliability and efficiency. Our energy storage systems manage intermittencies, smooth power and shift energy in a safe, reliable and simple way.
Article | March 11, 2020
It’s been nine years to the day since the Fukushima Daiichi nuclear disaster: one of the worst nuclear accidents in history. This brings up memories of Chernobyl and other nuclear accidents that have played a part in the opposition to nuclear energy. However, there is still a debate on the merits and drawbacks. There are those who see it as a path forward to getting off of fossil fuels while others maintain that not only does nuclear energy pollute, but other risks are taken by developing this type of energy. This debate has been going on for decades since the birth of the atomic bomb. Yet, due to the threat of climate change, is nuclear power a viable option moving forward?
AI is certainly the talk about the hour nowadays. In high-tech industry, AI is the one with most potential. But before proceeding and discussing further on this exciting technology, we’d like to first understand what AI means-: As power is being generated from more volatile sources like solar and wind, the requirement is that power generation must react intelligently to consumption (and vice versa). With AI, we can evaluate, analyse and control participants connected to each other via these smart grids. With modern day emphasis on climate changes and increasing pressure to reduce CO2 emissions, we must find ways to have most of our power generated from renewable resources. The problem with renewable sources of energy are that they are unpredictable, which makes production of energy periodical and sometimes even chaotic. With renewable sources, there can be power outages or too much power generation which needs to be controlled. Smart storage, also known as Intelligent Energy Storage(IES) can effectively handle these disrupt changes in power supply.
The capital markets are well aware of the stress and strife that coronavirus is putting on oil prices as the commodity continues to test new lows. One byproduct of the pandemic, however, that might not be getting enough coverage is the cloudy doom and gloom that the virus is bringing to the solar energy space. Solar energy businesses are also feeling the pinch, but not getting the support they desire from the federal government. “As Congress continues to address the ongoing COVID-19 crisis, we appreciate that they are prioritizing relief for families and small businesses,” said President and CEO of the Solar Energy Industries Association Abigail Ross Hopper. “There are several elements in this legislation that can help solar businesses and solar workers, including long-term unemployment insurance, business loans and provisions that support employee retention and other employee protections. We will be working to help our members understand what resources are available to them as a result of this legislation and how they can use those resources to help get through this difficult time.”
Artificial Intelligence, or AI, has gained relevance in many different fields of our life, using machine learning to analyse historical and new data in order to make predictions, improve control operation and perform tasks much faster than a human and with more efficiency. The energy sector is using AI to increase energy efficiency by reducing consumption, improving energy storage and grid stability, making predictions about energy consumption, to have more accuracy to find oil & gas and many other applications. When it comes to renewable sources, AI is improving the weather forecasts for the development of new plants and to make better planning of control & maintenance. Let’s take a look in some projects and how they are affecting the energy sector.
Keep me plugged in with the best
Join thousands of your peers and receive our weekly newsletter with the latest news, industry events, customer insights, and market intelligence.
Put your news, events, company, and promotional content in front of thousands of your peers and potential customers.
Not a member yet? Not a problem, Sign Up
Sign up to contribute and publish your news, events, brand, and content with the community for FREE