Renewable energy is at the centre of the transition to a less carbon-intensive and more sustainable energy system. Renewables have grown rapidly in recent years, accompanied by sharp cost reductions for several different power sources like photovoltaics, wind, hytropower, biomass and geothermal. The electricity sector remains the brightest spot for renewables with the exponential growth in recent years.
Nowaday many countries have adopted ambitious plan to obtain power from renewable energy sources. These countries are not only accelerating renewable installations but are also integrating them into their existing infrastructure to reach a 100% renewables mix. Nevertheless some challenges are still to be faced:
At technical level: building of a truly smart grid and integration of storage and micro grid into it.
At economic level: substantial investment is required for the implementation of renewable energy on large scale.
At political level: creation of regulatory framework, setting standards and offering incentives to economies to enable them to make dramatic shift in their energy usage to renewables.
Last decade has seen the tremendous development in low cost smart electronics, which will enable the necessary energy management. We are gradually moving towards 100% renewable: technical advancement and cost reduction along the way will be driven by global market.
- Advanced solutions for power control and management based on IoT technoloy
- Advanced solutions for power conversion from renewables
- Advanced solutions for energy storage systems
- Power consumption analysis and cost savings.