New strategies for grid management incorporating smart technologies are required. Technological developments lessen the negative effects of gird on the environment, improve market operations, boost dependability, cut expenses, and boost general efficiency. We must employ smart networks at every stage, from consumer appliances to electricity generation, to shift to sustainable energy.
As renewable energy becomes more important, cities face challenges integrating it into their power grids. Smart grid technologies solve these challenges by improving energy management and ensuring a stable electricity supply.
Challenges of integrating into urban grids
Integrating renewable energy into urban grids presents several challenges, particularly with the unpredictable nature of renewable sources like solar and wind. The dense population in metropolitan areas like Delhi, with a peak demand of almost 8000 MW, creates a significant stress on network distribution and transformer substations. A strategic approach is needed to manage these challenges, considering demand-side measures to create an optimal demand curve that renewable and other sources can meet.
Pramod Kumar Singh, Senior Director of Research and Programmes, AEEE, shares an example where he mentions how residential air conditioning is expected to constitute 65-70 per cent of demand by 2030. Smart grid technologies can help mitigate these challenges by using advanced forecasting methods to predict renewable energy generation and demand better, managing demand more effectively, and utilising energy storage systems to store and release excess renewable energy when needed.
Smart grids use advanced control systems to manage and stabilise the grid, ensuring a reliable power supply even with the variability of renewable energy. Encouraging distributed renewable energy sources, such as rooftop solar panels, can reduce the load on central grids and improve energy resilience.
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BALANCING GROWTH, SECURITY, AND ENVIRONMENTAL RESPONSIBILITY FOR SUSTAINABLE ENERGY FUTURE
We will have to continue using a mix of coal and other fossil fuels alongside renewable/ green energy; there is no shortcut to this.
DEMAND LIFTING RE
The Indian solar sector is gearing up for expansion, with projections indicating a manufacturing capacity surge to over 100 gigawatts within the next six months.
Bioenergy and its potential to reduce carbon emissions
Bioenergy is a renewable energy source derived from organic materials biomass), including plants, agricultural residues, forestry by-products, and organic waste. It can be converted into energy through combustion, gasification, anaerobic digestion, and fermentation, serving multiple purposes such as heating, electricity generation, and transportation fuels. As the world seeks to transition from fossil fuels, bioenergy offers a consistent, sustainable energy source that complements intermittent renewables like solar and wind.
Managing energy transition risks
Energy transition is a strategic shift to low-carbon or renewable sources to address climate change and ensure long-term energy security, but it is also fraught with multiple challenges. The authors believe that using an Enterprise Risk Management ERM) framework can help develop comprehensive Strategies to address such challenges.
Technological innovations addressing renewable energy intermittency
Advanced energy storage and smart grids are crucial for stabilising intermittent renewable energy. In contrast, government policies that promote private investment and green energy access are key to reducing emissions in Indiaâs power sector.
GLOBAL ENERGY LANDSCAPE IS EVOLVING TO ADAPT NON-CONVENTIONAL SOURCES
Innovations in energy storage, grid upgrades, and AI-enhanced efficiency drive the energy transition, while geopolitical tensions and supply chain issues stress energy security and diversification.
Fast-growing energy demand spurs focus on renewable security
Advanced solid-state batteries can store more energy in a smaller space, making them ideal for grid applications where high capacity and durability are essential.
The future of sustainable fuels
Hydrogen Is rapidly becoming vital in the global transition to sustainable energy solutions. Innovative technologies and strategic partnerships accelerate hydrogen adoption, especially in Southeast Asia.
Exploring green hydrogen, nuclear alternatives critical for sustainable future
As of September 2024, India's installed capacity is 452 gigawatts, with 34.13 percent contributed by renewable energy sources.
Solar rooftop technology enhances rural energy security, reducing grid inefficiencies
Decentralised renewable energy systems, including solar rooftops, are significant job creators, particularly in rural areas. These systems have higher job creation potential compared to utility-scale solar projects.
