Energy Dilemma is going to be at the heart of an organization both economically and morallyas we move ahead and that’s primarily since consumption will go up on one hand and on other hand all organizations will be in need to reduce their carbon footprint. There will be more and more digitization and compute as this will come with its share of energy challenges in form of increased demand of at least 4X and thus Energy Dilemma would be one of the key areas where decision makers would have actions to take.
The energy transition journey would be one of the effective ways to handle this challenge. The energy transition will be enabled by information technology, smart technology, policy frameworks and market instruments.
Usually one believes that renewables is the only option here and apparently it is just a part of the energy transition. Decision makers have other areas to tap in this journey to make the actions sustainable and economically viable. Some of the other areas which contributing to the Energy Transition Journey are:
• Everythingas A Grid (Enabling Integration of Renewables and sustainability solutions)
• Commercial Buildings can integrate with the Grid for optimum utilization
• Plants can utilize Microgrids for maximum resilience and optimum utilization
• Datacenters Can Monetize their under-utilized asset for example extra capacity of the UPS solutions which can double up as Energy Storage
• Energy Storage
o Another central factor for Energy Transition is energy storage, though long seen as the missing link between intermittent renewable power and constant reliability, energy storage has begun playing a broader role in the energy transition with clear benefits like peak shaving, frequency regulation, feeding back excess capacity to the grid.
• Mass introduction of electric transportation infrastructure
• As the average cost of lithium-ion batteries has fallen drastically on a mixture of manufacturing economies of scale and technology improvements, companies and consumers alike are increasingly turning to electrification for power transportation, making the transition to electric vehicles (EVs) one of the largest potential areas for electrification. The global EV adoption rate could reach 10%-12.5% by 2025.
• Introduction of new generation energy efficient solution
• Using SF6 free products
• Using higher efficiency back up solutions
Decision makers they will have to find smart ways and tools to monitor, manage, and control their infrastructure and make it smart
While decision makers can concentrate on Energy Transition journey it is also important for them to note that “If you Can’t Measure it then You Can’t Manage it and If You Can’t Manage it then You Can’t Improve it” and thus they will have to find smart ways and tools to monitor, manage and control their infrastructure and make it smart. With the advent of digitization and artificial intelligence, there are tools which are also cognitive and predictive by nature which could be effectively utilized towards buildings, plants, datacenters and other infrastructure. It is also imperative for decision makers to align with right energy partner with appropriate experience, exposure, technology and services who can be the part of the journey along with them and make it meaningful and successful.
Decision makers will always be in need to find ways to address the challenges faced and move ahead seamlessly and highlighted areas were some of the points which can help them in this journey.