Slow Evolving Automotive Market may Impact Green Transition
Integrated Microgrid Designs can Boost Sustainability
By Shubhendra Anand , 15 January, 2025
The global energy sector will hustle towards a sustainable future in 2024. The nations worldwide are imposing strict rules to ensure clean energy transitions. Developed economies invest in renewable production to create a sustainable energy sector. The main reason behind sustainability is to reduce harmful carbon emissions. Globally, the developed urban cities are the front runners in this transformation. Therefore, developed cities are adopting various innovations in the energy sector.
Further, these innovations are fueling the transition to clean energy. Research on implementing integrated microgrid designs in 2024 assures that it can revolutionize energy production. Further, it can control energy consumption rates as well. Experts claim that innovation can boos the electricity production as well. Artificial intelligence is increasing The demand for electricity in data centers.
A survey conducted in 2024 shows that hybrid energy systems combined with wind renewable energy sources are gaining momentum. These are an alternative to conventional energy sources, including fossil fuels. Recently, biomass-battery-based systems have emerged as the cheaper option for consumers in Malaysia. Studies show its net present cost (NPC) will be about USD 1.07 million in 2024. Experts claim another solution, grid-tied renewable energy technology, is a more cost-effective solution. This is due to its NPC of USD 348,318 and energy (COE) cost of USD 0.0112 kilowatt per hour in 2024. Research on integrated microgrid designs results in innovative solutions to empower renewable energy production in 2024. Another leading company in the industrial sector, Schneider Electric, is a global leader in energy management. The company aims to develop innovative technological solutions for the adoption of microgrids. Hence, Schneider Electric is driving the microgrids set up for rapid sustainability in 2024.
Experts claim that integrated microgrid designs can be pivotal in sustainable energy production and consumption. This technology can combine multiple energy sources, storage, and distribution in the energy sector. Hence, combining renewable energy sources to get clean fuel to power homes and industries will result in real-world sustainability.
Renewable electricity generation from grids in 2024:
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