What The Future Holds For Renewable And Conventional Energy Management

We have talked extensively in the past regarding the not just solar power but also the way in which it is managed from transportation to storage and more. One of the key areas that we have discussed via various news articles is the emergence and continued investment into grid management systems, not only domestic solar management systems but also large scale commercial PV systems. It is the evolving sector of energy management that has seen some huge investment in recent years from providers like the British Gas “Nest” system amongst many other that have entered the market.

How To Run Your Home For Less

The objective of smart grids has been to run homes and businesses more efficiently however the latest Siemens technology looks to shake the sector up yet further by not only improving the efficiency but improving the cost by which you run your electricity. So whether you have solar panels, integrated thermal systems or run as most do on conventional electricity. The main focus of the latest smart grids would be to run the appliances of the home or business when electricity is abundant and cheap.

Appliances To Run When Best Suits Your Pocket

As such the basic analogy would be for the you main items to run when there are energy gaps and no surges and as such make your home run in an energy lull. By operating such a system throughout the property will inevitably be advantageous to UK residents given the continuing increase in utility bills.

How Could Commercial Businesses Profit From Smart Energy Grids

Given the amount of energy that commercial properties will utilize compared to domestic properties it’s fair to say that an operation that was willing to integrate the systems and was able to operate it utilities within the energy gaps could significantly reduce energy bills. While at present the Siemens smart grids have been focused more on the domestic end user the future does hold significant potential for small, medium and large companies.

What Are The Long term Advantage Of This Smart Grid Management System

With the UK attitude at present one of clear monetary caution and analyzing of all purchases and investment like never before not just within the government but also in the domestic home as such monetary savings are at the forefront. With this in mind the smart energy grid system has the potential to save UK government spending substantial amounts in infrastructure investment as adoption of the systems would make the national grid itself more efficient and as such disperse usage across the country. Of course this is the ideal scenario but put into practice in long term this is what the system can achieve.

What Would Adoption Of Smart Grids Mean To The Renewable Sector

On the surface adoption of this utility would be like any investment supply a return and thus mean the government would be provided with a surplus and as such it would then be down to if they reinvest into such areas like solar PV, wind, hydro etc or if they look to reinvest further in infrastructure i.e. energy storage, transport etc. The same rule applies to the home and business would they look to invest into renewable energy or use the excess for other purchases.

Why Is The Area Receiving The Such Investment

Given the ever increasing population it’s is natural that there are going to be supply and demand issues as such only this year the chancellor and the PM have stressed that the light within the UK will stay on given the ever increasing demand and OFGEM the energy regulator stating the need for delivering energy to be decreased sooner rather than later. It is such needs that investors have increasingly looking to resolve with products such as the smart grid, such to the extent that some of Americas largest investors have some of the biggest stakes in wind and solar farms within the U.S. and across Europe. As such the area is only going to grow further in the coming years with potential savings for early investors set to be in the billions and not millions given the long term potential of the products.

Some previous related articles of interest:
How the UK is increasing it’s C02 savings
What Scotland is now saving through long term savings
The impact of decreasing oile prices on the renewable industry

What The Future Holds For Renewable And Conventional Energy Management
Smart grids and how the role they could play on the UK energy market
SolarKing UK
Energy management, Solar PV
Smart grids and there long term potential.

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December 18, 2014
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