renewable energy sources Archives - Business Intelligence

Tag: renewable energy sources

Gearing Up for Digitization in the German Energy Sector

Although it is common in several industries to perceive digitization as a threat, it does not hold true for the energy sector. Energy industry experts believe that digitalization could prove key in addressing several pressing challenges in Germany’s energy sector. In Germany, power consumption is poised to increase due to the electrification of transport, heating, and the rise in industrial processes. Furthermore, the share of renewable energy derived is also on the rise. Even if energy efficiency grows in Germany’s energy sector, the demand for electrical power is expected to grow. Moreover, Additionally, Germany will have to electrify more industrial processes to ensure that the country’s ambitious targets to reduce the emission of greenhouse gases are met. This could considerably increase the demand for power in the region.

Consequently, this results in the power supply become highly volatile in the region and making it challenging to manage and balance the power system. Experts at Infiniti Research believe that digitization can act as a catalyst to combat such challenges and prepare the German energy sector for the future.

With energy-efficiency standards in Europe set higher than in several other regions, European energy sector companies are in a strong position to make large energy-cost savings and innovate lucrative new markets in energy-efficient technologies and services, attracting worldwide demand. Request a free proposal to know how we can help your business capitalize on the right opportunities.

energy sectorHandle growing complexity

The way power is produced and distributed is largely changing. Although renewable energy is an effective way to produce energy, they cause increasing volatility and complexity. Also, there is an increase in the number of players at both ends of the power line. Using digital platforms, the energy sector can handle these complexities and promote new forms of collaborations and encourage better trading relations.

Matching demand and supply

Power consumption is commonly a linear process. However, this pattern is set to change with smart power-consuming devices. Smart power consumption devices are constantly connected and leverage the internet in order to transmit information end-to-end. The information available can make smart devices to enhance their performance by optimizing their own consumption. This helps balances the overall power load.

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Managing surplus power

The ongoing decentralization of power generation in the energy sector will result in surplus power being generated. This energy must be put to immediate use or must be stored. The growing surpluses can be handled by creating heat, producing synthesized heat, storing in batteries, using smart consumption to match peaks in supply, or through smart distribution that can be enabled through digital platforms.

Complexities in the energy sector hurting your profits. Get in touch with an expert and learn how we can help you combat your key business challenges.

renewable energy trends

2019’s Biggest Renewable Energy Trends

This year seems to be extremely promising for the renewable energy sector. With an increasing number of nations and organizations embracing sustainable techniques for energy generation, new renewable energy trends are bound to gain momentum. In fact, renewables are now a mainstream option in the power sector in nearly all parts of the world. Renewable energy technologies have also proven to be reliable and now provide the lowest-cost power generation options in many situations. Based on the global trends in renewable energy, our industry experts have curated some of the biggest renewable energy trends that are likely to make an impact in 2019.

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Renewable energy trends

renewable energy trendsEnergy storage

One of the key renewable energy trends that are increasingly gaining popularity right now is energy storage. It plays a vital role in balancing the demand and supply of power and also has the power to tackle intermittency issues of renewable energy. By pairing a storage system with a renewable energy source, smooth and steady power supply can be ensured even when the weather conditions are not optimal for energy generation. Batteries are the most common storage devices used in renewable energy systems. The use of these devices is seeing an increasing trend on both residential as well as commercial level.

Deployment of microgrids

Microgrids are local energy grids that have the power to operate either autonomously or when connected to a larger traditional grid. Such renewable energy industry trends are extremely favored due to their ability to offer energy independence, efficiency, and protection during emergencies. Furthermore, artificial intelligence and machine learning capabilities can be used with microgrid controllers for continuous improvement of operations.

Get in touch with our experts to know more about our solutions for companies in the energy sector.

Grid parity and declining costs

Grid parity occurs when an alternative energy source can generate power at a cost and performance level that is equal to or lesser than electricity generated from conventional methods. Solar and wind energy have reached parity in both price and performance in many regions, and new technologies continue to optimize their competitive edge. Moreover, traditional models of large, top-down and centrally distributed energy production are being replaced by renewable energy trends that are modular, consumer-driven and evenly distributed power generation.

Renewable energy trends in developing countries

When talking about exciting new renewable energy trends and innovations, we often overlook the fact that a significant percentage of the world’s population remains without access to energy at all.  While some have unreliable or prohibitively expensive energy sources, others remain without access to energy at all. Although politics often stand in the way of progress, new energy technologies and commitments to promote renewable energy trends from international groups like the World Bank are laying a foundation for providing energy access to developing countries. With their ever-improving cost and performance metrics, we can expect to see renewable energy trends and innovations increasingly deployed to provide power to developing nations.

Learn more about renewable energy trends and how they can impact your business

Business Forecasting

Renewable Energy Sources: Top 3 Challenges Holding Back the Development

Powering the planet, lowering the cost of energy, and drastically reducing carbon emissions are the major concerns for mankind in the 21st century. To secure the future for ourselves and generations to follow, it is crucial to act now to reduce the consumption of energy and reduce greenhouse gases. Such issues have raised the preference for renewable energy sources all over the world. But there are several challenges that companies dealing with renewable energy sources face. These challenges hinder the growth of the green economy and obstruct governments from achieving their sustainability goals. In this article, we have talked about those challenges to help power and clean energy companies transform the way they operate, globally.

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Top Renewable Energy Sources That Will End the Fossil-fuel Era

renewable energy sourcesEver wondered what exactly is renewable energy and what are the top renewable energy sources available to us today? Renewable energy, as the name suggests, is a form of green energy that’s not detrimental to the environment. They are a part and parcel of our planet’s physical structure and can be found in the sunlight, air, oceans, and underground.  Also known as “sustainable energy”, they are naturally replenished and serve as the best alternative to fossil fuels like coal and oil. However, a fact to keep in mind here is that energy sources that are renewable are not always environmentally safe. For instance, harnessing hydro energy by building dams affects the ecosystem for fishes and the wildlife. Another example of this is the use of wind to generate energy by building windmills, which also has a detrimental effect on the local ecosystem and wind streams.

Despite the strides we’ve made in discovering new renewable energy sources and harnessing the energy generated from such sources, many countries are still not using renewable energy. Wonder why? Renewable energy is still pretty expensive compared to conventional energy. And since favorable renewable energy sources are mostly present in remote locations, a lot of money must be invested in building an appropriate infrastructure. Despite such challenges, most governments are investing in discovering new renewable energy sources and are offering attractive tax benefits to encourage investments. That being said, now let’s take a look at some of the best renewable energy sources that can be leveraged to help our world to go green:Ask an analyst

Top Renewable Energy Sources

  • Solar energy

Sunlight is perhaps one of the most famous renewable energy sources available today and its energy can be harnessed by using technologies that can leverage solar energy to illuminate houses or street lamps, warm or cool water, or power cooling systems for businesses. Solar energy, which can be harnessed with the help of photovoltaic systems, can benefit corporates and government bodies alike.

  • Geothermal energy

This form of energy is derived from deep underground and the heat generated can be used to produce electricity. Such renewable energy sources can be implemented on a smaller scale or a large scale, depending on its end-goal. On a small scale, geothermal energy can be used to keep nearby buildings warm or cool. On a large scale, it can be used as a commercial utility energy solution.

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