The energy grid is evolving. No longer are a few large power plants pushing energy to consumers in a singular direction. The increase of connected devices, reliance on energy to power our technology and broad adoption of Distributed Energy Solutions is changing the shape of our energy grid. Leading businesses are finding opportunity in this shifting landscape.
In life and in business, we are more reliant on connectivity and energy than ever before. There are more than 7 Billion* connected devices worldwide, excluding smartphones, tablets and other personal devices. These connections increase productivity exponentially but can also increase the risk of outages, driving businesses to consider resiliency plans, including Distributed Energy Solutions for on-site energy production and storage.
Distributed Energy Solutions provide reliable backup energy when needed and can be used as revenue generators when not. According to our own research, more than 2/3 of businesses are generating energy on-site, and of those, 30% are selling some back to the grid. Distributed Energy Solutions can be used to participate in Demand Side Response programmes, in which businesses earn revenue by increasing or decreasing energy consumption to support the needs of the grid. They can also be used to manage cost through Demand Side Management efforts, in which businesses shift power consumption at times of high costs or grid demand in order to control energy costs.
The multi-directional flow of energy from both central and distributed resources, aggregated and managed digitally, is called a Virtual Power Plant (VPP). In a VPP, multiple sources of energy production, storage and consumption are managed digitally, controlling them remotely and in an automated fashion that allows for real-time balancing of the energy grid. This results in reduced end-user energy costs and a balanced grid, but also an increase in the use of sustainably, locally sourced energy when possible, decreasing the amount of carbon produced through traditional means of energy generation.
Learn more about how Energy Optimisation Solutions can power your business sustainability. Read our new whitepaper Reducing Energy Costs and Driving Growth.
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