Renewable energy for utility companies
Posted on 26th January 2022
Electricity companies are preparing for the transition to renewable energy.
Electric utilities are responsible for a quarter of all carbon emissions globally. Removing the use of fossil fuels in the electricity sector will be an important step towards achieving a low carbon economy.
A roadmap to net zero
Strategies and a clear roadmap to achieve net zero targets will be needed. Options could include digital measurement to identify ‘invisible’ energy waste and cleaner and greener electricity generation for sustainable homes, buildings, cities, transport, and industry. The electrical utility industry must change dramatically to meet the decarbonisation challenge, including decentralised grid operations to improve the use of renewable energy and power distribution.
Action is urgently needed
Recent research found that only two in five UK and Irish businesses have set a goal to be carbon neutral by 2030 and just under half of businesses have set some targets based on scientific evidence. While more than two thirds agree that urgent action is needed, four out of 10 organisations aren’t confident they have the knowledge and team members to tackle decarbonisation.
Digital and automation technologies can be used to speed up implementation and they could pay for themselves quickly as well as reducing emissions. This approach could improve the electricity grid’s reliability, quality, and efficiency and help to achieve more sustainable management.
Electric transport and a greener grid
Electric vehicles (EVs) will play an important part in reducing our carbon footprint and will drive the development of a new, decentralised grid structure. While only one in 10 businesses say they have switched to an electric fleet an improved charging network will need to stay ahead of demand.
More of our energy supply will come from distributed renewable sources and microgrids are already in use to power everything from university campuses to industrial operations or housing estates.
They are being used in energy-intensive buildings because they provide a resilient, cost-effective power supply. There’s also interest from mixed-use property developers who want to increase capacity alongside access to the wider grid.
Linking to other nearby renewable energy sources, microgrids can operate independently to improve resilience during power outages or unexpected peaks in demand.
They can be fully automated in the background to optimise electricity costs and manage peak power demand.
Sustainability for the digital economy
The digital economy will require up to 50% more power by 2030 than it consumes today. The demand for green power sources is increasing and there’s also growing risk to supply from changing weather patterns.
Smart bi-directional power grids that can handle more intermittent power generation and multidirectional power flows will be needed to meet future demand. Smarter, connected technologies will also allow us to use the more intermittent supply of renewable energy efficiently.
The team at MSE will be happy to discuss your installation requirements for renewable energy solutions, so please get in touch.
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