How Clean Energy Opportunities Are Ushering in The Next Energy Wave Through Dynamic Energy Management
As more and more power outages continue to occur in different states due to natural causes, the need for change is clear. Relying on electricity that uses a century-old grid is no longer a viable option. It is estimated that by 2030, the energy systems will have taken a drastic turn. Therefore, we expect a new energy wave.
Dynamic energy management
Dynamic energy management relies on sophisticated control data systems and communications to match available energy in different waveforms to satisfy prevailing demand. The worldwide energy management system is expected to grow to $30.15 billion by 2025, from $10 billion in 2020, a 23.37% growth rate.
Energy data control and communications
The energy market is driven by supply and demand. The recently elected president, Joe Biden, is bound to focus on the environment and emphasizes the need to adopt clean energy. Thus, there is now a national effort aiming to enforce the adoption of clean energy.
In the same way, financial markets have slowly but increasingly become aware of current carbon-dependent energy. Future-oriented companies are now looking for opportunities to deploy net zero initiatives to capture the highest returns on investment.
The key to a complete transformation of energy infrastructure lies in communication. Knowing the type of energy produced and giving consumers the power to optimize energy generation. Data helps the energy market meet demand without overloading the system, which is the first and most essential step in adapting clean energy that meets demand.
Opportunities in new clean energy
The main opportunities that arise from the need for clean energy include:
- It has the ability to detect energy generation and energy use accurately. The detection goes beyond mere installation and reading meters. It involves sophisticated tracking of K.W. and KVAR generation.
- Gathering data in real-time within sub-seconds
- Acting on the obtained data in time to meet market demand
- Develop suitable rats which consumers can fully participate
- Coming up with new market rates to transform energy into an asset