VOL:10 ISSUE:30 2024
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The
solution to our energy crisis lies in harnessing the in nite power of the sun, wind, and water.
VOL:10 ISSUE:30 2024
“
The
solution to our energy crisis lies in harnessing the in nite power of the sun, wind, and water.
www.X.com/insightssuccess
Thecarbonfootprintisagreatglobalissuethatrepresentsthesumof
greenhousegasesdevelopedthroughhumanactivities.Mostly,these emissionsarefoundtoresultfromburningfossilfuelsforenergy,a processthatreleasescarbondioxide,amongotherdangerousgases,intothe atmosphere.AccordingtorecentreportsbytheWorldMeteorological Organization,greenhouselevelshavebeenreportedtoattainunprecedented highs,equivalenttothoseofthreemillionyearsago,whenEarthhadbeen significantlywarmerandhadmuchhighersealevels.
Statisticsarescaryabouttheemissionrate.CO2emissionshavegrownfourfold since1960.ThethreecountrieswiththehighestemissionsareChina,theUnited States,andIndia,whichaccountforhalfoftheemissions.Anaveragepersonin theU.S.isemittingmorethantwotimesthatofChina,fivetimesthatofa Mexican,and16timesthatofanEgyptian.Thiskindofgapnecessitatesurgent cuttingofcarbonfootprintatpersonalandnationallevels.
Combatingclimatechangerequiressynergybetweendevelopedanddeveloping countries.TheParisAgreementlimitsglobalwarmingto1.5°Cabovepreindustriallevels,withtheneedfordrasticannualcutsincarbonemissions.Itis estimatedthateachindividualshouldlookforwardtoreducinghisorherannual carbonfootprinttolessthantwotonsby2050.
Thisrequiresaconcertedeffortandcommitmentfromallcountriesinthe transitiontosustainablepractices.Carbonfootprintreductionisoneoftheways thatwillhelpcreateahealthierplanetforfuturegenerations.
Themostrecenteditionof Insights Success,titled "South Africa's Best Innovator in Energy," showcasesEnergyLED(Pty)Ltd.asapioneeringforceinthe lightingindustry.Foundedin2015,thecompanyaimstotransformthesector throughinnovative,energy-efficientsolutions.Theirofferingsincludeadvanced smartlightingcontrolsdesignedtooptimizeenergyusageandmaximizesavings, reinforcingthecriticalrolethatsustainablepracticesplayinaddressingclimate change.Thisversionmaintainstheoriginalmessagewhileenhancingclarityand engagement.
Haveagoodreadahead!
08. F E A T U R I N G
Energy LED (Pty) Ltd Transformative Lighting Solutions through Advanced Technology
A R T I C L E S
18. 22.
Demand Side Management: Optimizing Energy Consumption for Businesses
Distributed Energy Storage Systems: Revolutionizing How We Store Power
Creative energy is boundless when fueled by passion and purpose.
The new LED lighting has made a significant difference in our work environment. It's brighter, more consistent, and helps us focus better on our tasks, which has improved both safety and productivity.
Their solutions include smart lighting controls that optimize usage and further enhance energy savings.
Thecarbonfootprinttodayisaprogressively
growingconcern.Itcan'tbecontrolled,butatleast wecanreduceit.Fossilfuelsareusedtogenerate power,releasinggreenhousegaseslikeCO2andother substancesthatcontributetoglobalwarmingand sometimesclimatechange.
Toaddressthischallenge,AndrewWinstonetookthe initiativetoreducecarbonfootprintandfoundedEnergy LED(Pty)Ltdwhileachievingsignificantcostsavings throughadvancedLEDtechnology
Withavisiontorevolutionizethelightingindustrywith energy-efficientsolutions,EnergyLEDwasfoundedin 2015.Hissolutionsincludesmartlightingcontrolsthat optimizeusageandfurtherenhanceenergysavings.
Thecompany'sgoalistodeliveracomprehensivesolution thataddressesthecustomer'sspecificneedswhile maximizingenergysavingsandfinancialbenefits.They accessfinancialbenefitscoupledwithimprovedlighting quality,contributingtoamoreproductiveandsaferwork environment.
Theyhavesuccessfullypartneredwithleadingcompanies toimplementtransformativelightingsolutionsthatdrive sustainabilityandcostsavings.Itsprojectsshowcase EnergyLED'sabilitytodeliversubstantialenergyandcost savingsfortheircustomersthroughtheirenergy-efficient LEDlightingsolutions.
Let us explore its journey:
AndrewWinstone:FromPrivateEquitytoLED LightingInnovation
AndrewWinstone,CEOofEnergyLED,graduatedwitha BachelorofBusinessSciencewithHonorsinFinancefrom theUniversityofCapeTownin2001.Hisprofessional journeybeganinprivateequity,whereheeventually becametheCFOofEfekto,aleadingportfoliocompany.
Hisroleinvolvedoverseeingfinancialoperationsuntilthe companywassoldandlistedaspartofAscendisHealthin 2011.Followingthis,hetookacareerbreaktoexplorenew ventures,focusingontheemerginggreenenergysector
DuringhistenureatEfekto,hediscoveredthebenefitsof LEDlightinginreducingelectricitycostsandenhancing ROI.ThisexposuresparkedhisinterestintheLEDlighting industry.
In2015,drivenbyapassionforsustainabilityand innovativetechnology,hefoundedEnergyLEDto contributetoreducinggreenhouseemissionswhile providingcost-savingandworkplaceenvironment improvementsolutionsforbusinesses.
EnergyLED:RevolutionizingLightingwithEnergyEfficientSolutions
EnergyLEDwasfoundedin2015,bornoutofavisionto revolutionizethelightingindustrywithenergy-efficient solutions.Ourmissionistohelpbusinessesreducetheir carbonfootprintwhileachievingsignificantcostsavings throughadvancedLEDtechnology.
Startingwithasmallteamofdedicatedprofessionals,they havegrownovertime,implementingoverR200million worthofenergy-efficientlightingsolutions.Itsjourneyhas beenmarkedbykeymilestones,includingstrategic partnershipswithleadingOEMslikePhilipsand recognitionasaLevel2BBBEEcontributor,empowered bytheSABThriveFund.
EnergyLEDhasalsostartedsubsidiariesinBelgiumand theUKtoexecuteLightingasaServiceprojectsfor ABInBevintheseregions.Theseachievementsreflectthe company'scommitmenttoquality,sustainability,and customersatisfaction.
EnergyLED’slightingsolutionsaredesignedtodeliver substantialenergysavingsbyutilizingadvancedtechnology thatsignificantlyreduceselectricityconsumption.By switchingtohigh-efficiencyLEDs,businessescanexpectto seeareductionintheirlightingenergycostsbyupto 60–70%.Thisisachievedthroughsuperiorluminaire efficacy,alongerlifespan,andreducedmaintenance requirements.
Additionally,theirsolutionsincludesmartlightingcontrols thatoptimizeusageandfurtherenhanceenergysavings. Thesefinancialbenefitsarecoupledwithimprovedlighting quality,contributingtoamoreproductiveandsaferwork environment.
InEnergyLED'sfeasibilityreportsandproposals,the companyprovidesacomprehensiveanalysisofkey financialmetricstodemonstratethevalueofitsLED lightingsolutions.Thesemetricsinclude:
• ReturnonInvestment(ROI):calculationofthetimeit takesforthesavingsfromtheLEDlightingsystemto covertheinitialinvestment.
• InternalRateofReturn(IRR):assessmentofthe profitabilityoftheinvestmentovertime.
• PaybackPeriod:Estimationofthetimerequiredto recouptheinvestmentfromenergysavings
• TotalCostofOwnership(TCO):Comparisonofthe overallcostsoftheLEDsystemversustraditional lightingovertheproduct'slifecycle.
Thesemetricsprovideaclearpictureofthefinancial benefitsandlong-termvalueofEnergyLED'sLED solutions,helpingbusinessesmakeinformeddecisions abouttheirlightinginvestments.
OnenotableprojectwaswithGivaudanattheirTulisaPark operationinJohannesburg.Theexistinginefficientlighting atGivaudan'sfacilitywasprojectedtocostthemaround R31millionover10years.
BypartneringwithEnergyLED,Givaudanaimedto significantlyreduceenergyconsumptionwhilemeeting OccupationalHealthandSafety(OHS)luxrequirements. EnergyLEDinstalledthelatestPhilipsLEDtechnologies, whichreducedGivaudan'senergyconsumptionbyover 70%,resultinginanannualenergysavingof651,407kWh andareductionofcarbonemissionsbyalmost4,500tons.
AnothersuccessfulcaseisEnergyLED'spartnershipwith BoschRexrothNEW.BoschRexrothwasfacingsignificant energycosts,spendingoverR1.5millionannuallytorun 637lightsat115.9kWdaily.Throughtheircollaboration andtheimplementationofPhilip’slatestLEDproducts,it helpedBoschRexrothreducetheirenergyconsumptionby 52%.
AsaPhilipsProfessionalLightingPartner,thecompany offersitscustomersaccesstocutting-edgeLEDtechnology renownedforitsquality,reliability,andinnovation.Philips LEDsaredesignedforhighperformance,offeringsuperior luminaireefficacy,exceptionalcolorrendering,andlong lifespans.Thesefeaturesensureconsistentlightingquality andreducedmaintenancecosts.
Additionally,Philipstechnologyincludesadvancedcontrol systemsthatenablesmartlightingsolutions,optimize energyusage,andenhanceoperationalefficiency.The strongR&DbackingofPhilipsensuresthatthecompany's customersbenefitfromthelatestadvancementsinLED technology,makingtheirlightingsystemsfuture-proofand highlyefficient.
Thecompanyalsoprovidescustomerswithleading solutionsfromotherOEMssuchasBeka,LEDVance,and Aurora,whichenablescustomerstocostandcompare leadingOEMproductsandtheirrespectivelifespans, savings,andefficiencies.
ThetypicalpaybackperiodforEnergyLED'slighting solutionsrangesfrom12to24months,dependingonthe scopeandscaleoftheproject.Thisrapidpaybackisaresult ofsubstantialenergysavingsandreducedmaintenance costs.
Thereturnoninvestment(ROI)isalsoimpressive,with manyofthecompany'sclientsexperiencingaprojectROI of500–700%andIRRsof50–120%perannum.For example,aninefficient400Whigh-bayconversioncansave R80,000inenergyover9yearsforalightthatcosts R2,500,resultinginareturnthatis32timestheinitialcost.
Thesefinancialbenefitsaredrivenbythehighefficiencyof EnergyLED'ssystems,whichreduceelectricity consumptionbyupto70%,andthelonglifespanoftheir products,whichminimizesreplacementandmaintenance costs.
Thesereturnsarealsopossibleduetothespiraling electricitycostsinSouthAfricaoverthepast10yearsand thereducedcostofLEDtechnologyduringthatperiod.
By partnering with Energy LED, Givaudan aimed to significantly reduce energy consumption while meeting Occupational Health and Safety (OHS) lux requirements.
Selecting products that offer the highest energy savings while meeting the lighting requirements.
EnergyLED'sstatusasaLevel2QSE(B-BBEE)company empoweredbytheSABThriveFundprovidessignificant benefitstoitscustomers.Thisdesignationreflectsthe company'scommitmenttoeconomicempowermentand compliancewithSouthAfrica'sB-BBEEregulations, makingEnergyLEDapreferredsupplierforbusinesses aimingtoimprovetheirB-BBEEscorecards.
Furthermore,EnergyLED'spartnershipwiththeSAB ThriveFundenhancesitsfinancialstabilityandcapacityto undertakelarge-scaleprojects.Thisempowermentstatus notonlyfacilitatescompliancewithregulatory requirementsbutalsosupportsEnergyLED'sclient’s corporatesocialresponsibilityinitiativesbypartneringwith acompanythatprioritizescommunitydevelopmentand economicinclusivity
EnergyLEDfollowsastructuredprocessthatbeginswitha detailedsitesurveyconductedbyourexpertteam.During thissurvey,theyassesstheexistinglightinginfrastructure, measurecurrentlightlevels,andidentifyareasfor improvement.
Theyalsoconsiderfactorssuchasenergyconsumption, maintenancecosts,andoperationalrequirements.Following thesurvey,theydevelopedacomprehensivefeasibility reportthatincludesacost-benefitanalysis,energysavings projections,anddetailedfinancialmetricssuchasROI, IRR,andpaybackperiod.
Thisreportisaccompaniedbyacustomizedproposalthat outlinestherecommendedLEDsolutions,product specifications,andimplementationtimeline.EnergyLED providesitscustomerswithaclear,data-drivenroadmapfor transitioningtoenergy-efficientlighting.
WhendeterminingtheappropriateLEDreplacement productsforitscustomers'lightingneeds,EnergyLED considersseveralkeyfactors:
• LightingRequirements:Assessingthespecific lightingneedsofthespace,includingrequiredlight levels,colortemperature,anddistribution.
• EnergyEfficiency:Selectingproductsthatofferthe highestenergysavingswhilemeetingthelighting requirements.
• Compatibility:EnsuringthatthechosenLED productsarecompatiblewithexistingfixturesand electricalsystems.
• DurabilityandLifespan:Choosingproductswith longlifespansandlowmaintenancerequirementsto maximizeROI.
• SmartFeatures:Incorporatingadvancedcontrolsand smartlightingcapabilitiestoenhancefunctionality andefficiency
Bycarefullyevaluatingthesefactors,EnergyLEDensures thatitscustomersreceivethebestpossiblelighting solutionstailoredtotheirspecificneeds,deliveringoptimal performance,energysavings,andlong-termvalue.
EnergyLED'slightingsolutionsenhanceOccupational HealthandSafety(OHS)compliancebyproviding consistent,high-qualityilluminationthatreducestheriskof accidentsandimprovesvisibilityintheworkplace.Proper lightingiscriticalformaintainingsafeworkingconditions, especiallyinindustrialandmanufacturingsettings.
Additionally,EnergyLED'sLEDlightsproducelessheat, reducingthermalhazardsandimprovingoverallcomfort. Enhancedlightingqualityalsoboostsproductivityby creatingabetterworkingenvironment,allowingemployees toperformtasksmoreefficientlyandaccurately.
Theseimprovementscontributetoasafer,moreproductive facility,aligningwithbothOHSstandardsandoperational goals.AsoneSABRosslynBreweryworkernoted,“The newLEDlightinghasmadeasignificantdifferenceinour workenvironment.It'sbrighter,moreconsistent,andhelps usfocusbetteronourtasks,whichhasimprovedboth safetyandproductivity.”
EnergyLED(Pty)Ltd'sLEDlightingprojectshave significantlycontributedtoreducingCO2emissionsby loweringenergyconsumption.Theirinstallationshave
Another successful case is Energy LED's partnership with Bosch Rexroth NEW.
collectivelyreducedCO2emissionsby809,616tons,a testamenttotheenvironmentalimpactoftheirsolutions.
Byswitchingtoenergy-efficientLEDs,EnergyLED's customersnotonlyachievesubstantialenergysavingsbut alsoalignwiththeirsustainabilitygoalsbyminimizingtheir carbonfootprint.
Theseprojectssupportglobaleffortstocombatclimate changeandpromoteenvironmentalstewardship,making theircustomer’soperationsmoresustainableandsocially responsible.
Onestandoutsuccessstoryinvolvestheirextensivework withABInBev.Since2017,EnergyLEDhasinstalledover 30,000lightsacross17distributioncentersand9breweries inSouthAfrica,withthetotalprojectvalueamountingto overR30million.
ThisinitiativeresultedinelectricitysavingsofoverR200 million.Morerecently,EnergyLED'simpactextendedto Europe,wheretheyconvertedtheStellaArtoisBreweryin Leuven,Belgium,usinganinnovativeLightingasaService (LaaS)model.
DemandSideManagementisoneofthe
fundamentalstrategiesthatassistin optimizingenergyusage,especiallyforthe firms.Itcomprisesvariousmeasuresthatencourage consumerstochangetheirenergyusagepatterns especiallyatpeakdemandtimes.Thiswouldhelp stabilizetheelectricitygridalongsideimportant costandenvironmentalsavings.
Atitsmostbasiclevel,DSMaimstochange consumerenergydemandthroughbehavioral changes,financialincentives,andtechnological advances.Basically,thethrustistocutdownon energyuseatpeakhoursorshiftusagetooff-peak hours.Thisstrategydoesnotnecessarilyreducethe consumptionofenergyasawholebutfocuseson betterdemandmanagementthatwouldminimize costlyinfrastructureinvestmentsuchasbuilding newpowerplants.
AccordingtotheU.S.EnergyInformation Administration,asurgeorpeakelectricitydemand intheUnitedStatesincreasesthecostandthe pressureonthegrid.Forexample,for2022,peak demandrecordedabout757GW,provingthat tremendousmanagementhastobetranslated duringsuchpeaktimes.
Benefits
• CostSavings:Perhapsoneofthemost attractivereasonscompaniesshouldembrace DSMpracticesisthecostsavingsthatcanbe highlyimpressive.Savingonenergyuseby
conservingitwhenpeaksisagood waytosavealotofmoneyfrom utilities.Researchclaimsthat DSMprogramscouldsavea companyupto20%inenergy expenditure.
• EnvironmentalImpact:DSM impactsthecontributionto greenhousegasemissionsdirectly Sinceitreducesrelianceonfossil fuelpowerplantsatpeaktimes-the mostpollutingsourcesof electricity-itresultsinacleaner environment.Forexample,astudy conductedbytheInternational EnergyAgencyapproximatedthat effectiveDSMcouldresultinan abatementofglobalCO2 emissionsofupto1.5gigatonsper year
• GridStability:Besideshelpingin energydemandmanagement,this systemkeepsthegridstable, henceloweringtheriskofhaving ablackoutoroutageofanyform. Whenthereispeakdemand,the utilitieshavetodependonaless efficientandsometimescostlier sourceofpower.Shifting consumptionpatternscanrelieve somepressureoffofthose resourceswithDSM.
Several strategies are applied within DSM frameworks:
• Time-of-UsePricing:Electricityis chargedatvarioustimes throughouttheday.Duringhigh consumptionhours,itbecomes costlier,andtoreducetheirenergy bills,customerslookforwardto usingenergyduringnon-peak hourswhenratesarelesser
• IncentivesforEnergyEfficiency: Thecompanycanearnbenefitsby promotingtheirinstallationof energy-efficientappliancesand systems.Energyconsumption decreases,andatthesametime, efficiencyinoperationsincreases.
• LoadShifting:itinvolvesshifting energy-intensiveactivitiesto periodswhenelectricityischeaper
andplentiful.Forinstance,the operationofheavymachineryina manufacturingfacilitycanbe scheduledduringnighthours.
• DemandResponsePrograms: Consumersareinformedby utilitiesabouttheperiodwhen theyshouldreducetheirdemand orshiftthemtoaccommodaterealtimegridconditions.Participants arecompensatedinmonetary termsfortheireffort.
Theadvancementsinthetechnology improvetheDSMprograms significantly.Smartmetersandother IoTappliancesareconnectedtorealtimemonitoringcapabilities,which allowscompaniestocontrolusage patterns.Forexample,smart thermostatsautomaticallyadjust heatingorcoolingactivitytofollow occupancyandtime-of-dayprices.
Besides,renewablesourcesofenergy likesunlightandwindcanalsobe consideredinDSMpoliciesas contributorstowardachievingits benefits.Itcouldhelpthemreduce peakdemandatpeaktimesincethe storedenergymaybeusedatthistime duetolowrenewablegeneration.
DespitethevariousadvantagesDSM has,italsohassomechallengesthat comealongwithitsimplementation.
Thefirstisthatconsumerengagement isverylow.Manypeopleand businessesdonotknowthatchanging theirpatternsofenergyconsumptionis beneficial.Educationcampaignsand clearcommunicationfromutilitiesare oneofthewaysoutofthisobstacle.
Inaddition,theDSMpoliciesshould bedevelopedtosupporttheDSM initiativesfully.Policymakersmust developincentivesthatencourage participation,onbothutilityand consumersidesofthedemand-side managementprograms.
DemandSideManagementrepresents anessentialapproachforbusinesses strivingfortheoptimizationoftheir energyconsumptionalongwitha positivecontributiontoward environmentalsustainabilityandgrid reliability.Itsavesonvaluablecosts throughtime-of-usepricingandload shiftingtechniques,ensuring greenhousegasreductionthroughits ownmeans.
Whileadvancedtechnologiesare gettingclosertoreality,theprospect foreffectiveDSMonlyincreases,thus placingbusinessesonthemore efficientandsustainablesideofthe roadtowardanincreasinglyenergyconsciousworld.Withproper incentivesandeducationalefforts, consumersandutilitiescanjoinforces tocreateamorebalancedandresilient futureforenergy
“
Energy is the golden thread that connects economic growth, increased social equity, and an environment that allows the world to thrive.
– Ban Ki-moon
DistributedEnergyStorageSystems,in
fact,transformthefaceofenergy management.Tothisend,newsolutions inrelationtochallengesposedbyconventional practicesinpowergenerationarepresentedto consumers.Thesystemsallowfordecentralised energystorageandopenopportunitiesforbetter utilizationofrenewablesources,increasingthe robustnessandefficiencyofgrids.
DistributedEnergyStorageSystems:
DistributedEnergyStorageSystemsareintegral partsofthegenericcategoryreferredtoas DistributedEnergyResources.Unlikethe traditionalpowerplantsthatgenerateelectricity centrallyandtransmitoveralongdistance,DESS arelocatedclosertowhereenergyisconsumed.
Suchproximityreducesthetransmissionlosses andmakespowersupplyreliable.DESSoftenrely onvarioustechnologies,likebatteries,pumped hydrostorage,andthermalstoragesystems,to storegeneratedrenewableenergy,suchassolar andwind.
ThemostpopularapplicationofDESStechnology todayisbatteries,primarilylithium-ionbatteries, whichareusedmainlybecauseoftheirhigh energydensityandveryrapidresponsetimes. Newstatisticshavejustbeenreleasedpredicting greatdevelopmentintheglobalbatteryenergy storagemarketatacompoundannualgrowthrate ofover20%from2022to2030.This developmentisexpectedtobederivedfromthe
increasingdemandforrenewable energyintegrationandnecessarygrid stability.
Whilebatteriesdominate,other technologiesalsoplayanimportant roleindistributedenergystorage:
• PumpedHydroStorage(PHS): Theestablishedtechnology employsexcesselectricityto pumpwaterupwardtoaheight. Uponincreaseddemand,the storedwaterisreleasedto generateelectricity.It'slarge capacityandreliabilityarewellknown.
• CompressedAirEnergyStorage (CAES):StorageinCAES systemsisbycompressingair withinundergroundcaverns.The compressedairisusedtoproduce electricitywhendemandfor powerishigh,eitherbyheating orexpandingitthroughturbines.
• ThermalEnergyStorage:Thisis thestorageofunusedenergy excesswhichcanbeusedlatterly toheatandcool.Thematerials wouldbethosecapableofstoring heatorcold;therefore,there wouldbepropermanagementof energy.
TherearemanyadvantagesofDESS; theirprimarybenefitincludes increasingenergyindependenceto consumers.Bysavingrenewable sourcesofenergygenerated,families andcompaniescanreducetheir relianceoncentralpowergrids.Inthis regard,independentconsumersare valuableduringperiodsofpeak demandorincaseofdisruptionsofthe centralpowercausedbyextreme climaticoccurrences.
Intermsofeconomics,DESSwouldbe beneficialforahomeownertosaveso muchonelectricityconsumption.
Itusuallystoresenergyatoff-peak periodswhentherateislowand employsthesameduringpeaktime whentheratesoars.Otherthanthe monetarybenefits,DESScanbea meansofincomesinceseveral programsrewardareductioninpeak hourconsumption.
Anotherenvironmentalkeyfeatureof DESSisthatitcanenablethe integrationofgrid-basedrenewable energyintothegridand,thus,decrease greenhousegasemissionsfrompower generationbasedonfossilfuels.For instance,astudyindicatedthatthe reductionofcarbonemissionsthrough anintegrationofdistributedstorage withrenewableresourcescouldbeas highas40%insomeareas.
WhileDESScomewithseveral benefits,therearemanyreasonsthat needtobeaddressedinordertoput themintoevenmoreextensiveuse. Theforemostconcernisthecostof initialinvestmentfrombatterysystems andotherstoragetechnologies,which isquitehigh.Whilepriceshave declined-thecostofbatteries,for example,droppedabout89%from 2010to2020-moredeclineswillbe requiredinordertomakeDESS sufficientlyaffordable.
Yetanotherkeychallengeisthe regulatoryframework,foreverlagging. Manyutilitiesstillhavenotbuiltupthe infrastructureandpolicythatwillbe requiredforthewidespread deploymentofdistributedstorage solutions.Improvingregulationswill helpbetterintegrateDESSinto existingenergysystems.
Thedistributedenergystoragesystem hasabrightfuture.Therapid improvementintechnology,with consequentlowcost,isexpectedto
raisetheadoptionratesveryquickly
TheInternationalEnergyAgencyalso reportsthat,globally,itwillbea commonchoiceforhouseholdsand businessesinthenextdecadefor distributedsolarPVsystemswith storage.
Withelectricvehiclesgetting prominent,theycanbeseenasthe storageunitofthegridonwheels.The vehicle-to-gridtechnologymakesit possibleforEVstofeedbackthe storedenergytothegridatcritical timesofdemandandcreatesmore flexibilityandresilienceofthegrid.
EnergyStorageSystems arethefuturepointofone'schangein thestorageandmanagementofpower inshort.Theywillcatertoincreased relianceonrenewableresources,give costandenvironmentalbenefits,and aretherebyveryaptatshapinga sustainableenergyfuture.Thisis broughtaboutbygreatinvestmentin technologydevelopmentandan excellentregulatoryframeworkforthe exigenciestobeovercomeinachieving thefullrealizationofpotentialfor distributedenergystoragesolutions.
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