Interestingly, while the current renewable energy market is led by traditional solar players with limited energy storage capacities, new renewable energy utility standards require power producers to complete 5% of the total production by battery storage. Existing storage options are mainly based on bulky, expensive, shorter life, lower voltage discharge rate and inefficient lead-acid batteries.
As a result, external diesel generators still play a major role for energy backup where grid infrastructure is weak and fails to meet electricity demand, but they are expensive to operate, bulky to storing, prone to theft, loss and destructive to the environment due to the use of fossil fuels. Diesel generators (DG) have been a cause for concern and they are banned under the Government’s notified Graduated Response Action Plan. The National Clean Air Program is also considering replacing DG sets with cleaner innovations. According to market studies, diesel or fossil fuel emissions often lead to a high incidence of cancers, cardiovascular and respiratory diseases, pollution; and are a major contributor to climate change.
However, as conscious consumers move away from DG sets for backup power, the demand for smarter storage options is growing. India wants to reach 50% of its installed power capacity from non-fossil fuels by 2030. With electricity demand rising at an unprecedented rate, customers want to ensure they never run out electricity; and energy storage is a key part of this transition to distributed energy generation.
Energy storage is the missing link in the faster and wider adoption of renewable energy in the country. Solar energy, for example, meets energy needs during the day. However, the main energy consumption during peak hours (early morning and evening/night) cannot be covered by solar energy unless we have adequate and at the same time energy storage solutions. demand to store solar energy and use it during peak consumption.
So how can we solve our energy problems to mitigate climate change and stop the depletion of fossil fuels?
A good alternative to green power is a “portable lithium energy generation and storage device that allows consumers to intelligently generate and store solar energy, then intelligently deliver it to devices based on programmed preferences. and differential pricing. This innovative all-in-one solution fully integrates all solar power plant components with additional features such as an integrated inverter, MPPT charge controller, pure sine wave inverter, reversible net meter and Li-battery. Built-in ion for Energy storage.
Portable lithium solar generators are durable, technically and commercially superior to current fossil fuel options, and can help us meet growing energy needs – anytime, anywhere. While solar and storage are a one-time cost that can serve a customer for an average of 10 to 15 years with the right maintenance, diesel is an ongoing expense with variable, annual price increases. The unit cost of solar power and storage is much lower given the right size and scale of production. Today, consumers want to produce clean energy independently and not depend on fossil fuels. They want to move from a centralized power generation model to a democratized decentralized model using innovative “smart age” renewable energy solutions. Lithium solar generators are a great option because they provide affordable, efficient, long-lasting, on-demand uninterrupted power anywhere, anytime.
Integrating all the components of a solar power plant into a single “portable plug-and-play product” provides a smart and competitive advantage. Innovative energy storage solutions replacing lead-acid batteries with an efficient, portable and technically superior alternative will drive increased adoption of renewable energy in the country and meet future energy demand.
Adopting such an innovation will pave the way for a paradigm shift in energy production and promote energy independence while offering an average saving of 70% on electricity costs from the second year. It will also transform India’s energy landscape by replacing diesel generators with a cleaner, greener and cheaper alternative, and replacing lead-acid batteries with a more efficient, portable and technically superior alternative which will result in faster adoption of renewable energy in the country.
The energy storage and distribution of the future may soon see a growing demand for last-mile energy storage solutions that provide portable, on-demand, 24/7 power generation. anywhere, anytime, whether residential or commercial segments. The horizon looks bright with microgrids, community energy storage banks, large storage solutions and connected virtual power plants to store electricity from communities, which can help share electricity stored between users during peak demand. Energy blockchain and IoT solutions will also help improve energy storage and distribution in the near future.
Are we ready to switch to the future?