Nitin Sharma, Vice-President – Solar & Energy Management Systems (SEMS) shares his views on the current trends in Energy Storage space
Nitin Sharma, Vice-President – Solar & Energy Management Systems (SEMS) shares his views on the current trends in Energy Storage space.
Mindspace
Globally, Individuals and Industries are taking control of energy and its source. Increasingly, sustainability is linked to individual choices and business sustainability. Western European countries are leading with regard to energy sources and consumption patterns. Majority of these countries have energy sustainability goals that are linked to national policies. For example, Sweden has a goal to take fossil fuels out of energy mix completely by 2050 and they are working aggressively towards the same.
Hitherto oil tankers and reserves along the coasts have been converted into museums and tourist attractions. USA, Western Europe, Australia, Japan, South Korea including India have specific government incentive and policies to promote generation and usage of cleaner energy generation.
Distributed solar, small wind and energy storage solutions coupled with smart IOT based technologies have enabled people to have better control on their equipment at any time of day when they can optimally run equipment, thereby saving energy cost. Time of Day (TOD) based energy charge is leading exponential growth of home energy storage systems in Australia, USA, Germany and South Korea. In fact, South Korean government increases the PPA rate by 5 times, when distributed solar is coupled with a storage system.
India is the leader in terms of technology customization, localization and adoption. We see that similar technologies are proliferating in India wherein the combination of renewable energy, energy storage and digital technologies are enabling people to monitor their energy consumption and sources.
We, at Raychem RPG, are proud partners of this technology shift with our pilot smart grid project with PGCIL and are driving technology innovation to enable businesses and individuals make smart energy choices. Our smart controller based system helps users optimize diesel consumption while designing energy generation, using combination of solar power, grid connection, energy storage and back-up generators.
Wishing all readers energy independence and power on the GO! SEMS Imagination delivered!
