The year 2020 did not etch any breakthrough innovation in the industry and instead can be celebrated as the epoch of technology consolidation. This ushered us to witness the emanating sectors like offshore wind and lithium-ion battery storage to have materialised to its zenith.
At the same time, avant-garde technologies that include energy blockchains and flow batteries have inspired a novel fad. This is a positive phenomenon that signals the development of numerous low-carbon grid technologies, thereby enkindling a challenging combat with fossil fuel generation.
Despite specific challenges posed by the inland floating solar arena, offshore floating solar has a behemoth potential to transcend into the showstopper. At the same time, from last year, a cluster of announcements concerning sea-based PV projects and the burgeoning popularity of floating simar arrays on freshwater bodies have escorted this emerging technology to the mainstream.
The UK energy analysis calls forth for the public gaze of static compensators, a technology to witness as grids strive to amalgamate soaring amounts of renewable energy. However, massive renewable grids experience a dearth of natural frequency-response mechanism, which necessitates the employment of compensators.
At the same time, static compensators imitate the action of rotating masses, which was previously supplied by thermal turbines. This enables to sustain a persistent frequency surfacing throughout the electricity network. Presently, the potential of this market is being embraced across the globe.
Microgrids and AI
Microgrid confers energy efficacy, independence, and safeguard. Therefore, when blending it with Artificial Intelligence (AI) enables space for constant adaptation and betterment.
With the advent of brand-new software permitting the completion of designs in a single day has engendered a fad among the deployment of microgrids, and this has been witnessed from California to the Pacific Islands.
Palau, a Pacific island and 13th smallest country globally, has eclipsed to developing the world’s largest microgrid as part of the nation’s objective to transcend to 70 percent renewable energy by 2050.
Energy Blockchain and IoT
The adoption of blockchain technology in the energy market has succoured in eliminating the middlemen as it entails an absence of centralization; it also diminishes energy inequality and inefficiency.
The profound impact can be heightened to the zenith by merging blockchain with IoT. The deployment of these technologies can be observed in smash-hit projects like the Brooklyn Microgrid.
The magic bullet to the balance of power supply and demand and the antidote to eschew intermittency issues. The most common storage device when it comes to renewable energy is batteries.
The employment of which has been amplified by the residential and industrial utilisation. This has redefined the core component of novel energy technologies as storage and thereby addressing the challenges posed by conventional energy sources.