In Europe, the EU has strong regulation of smart meter installations, and countries such as Sweden, Italy and Finland are close to 100% smart meter penetration and benefit from customer engagement and active energy management initiatives.
With the introduction of large amounts of renewable energy into the grid, maintaining a stable supply of high quality power is becoming a bigger global challenge. High-quality power is very stable in terms of voltage and frequency, which is an essential feature of the power supply. The demand for energy storage systems using new energy sources to overcome this challenge is on the rise. Ram Ramachander, chief digital officer and chief business officer of Hitachi Europe's social innovation business, recently explained how Hitachi has developed new battery energy storage solutions, expanded smart meters and electric vehicle plans, and looked ahead to the future of energy.
Network connectivity and unprecedented amounts of data are revolutionizing many industries, and energy is no exception. Digitization is changing the way people produce, distribute and manage energy. Artificial intelligence and machine learning enable predictive maintenance of the entire energy network, while battery energy storage technology enables the integration of renewable energy. In home applications, smart meters are installed and electric cars are planned to be purchased. These advances have led to the democratization of energy and the consumer as both a producer and an energy consumer. As technology changes, where will the next development take place? Hitachi’s latest white paper, written in collaboration with consulting firm Frost & Sullivan, explores these issues. This research highlights three areas of rapid innovation: the boom in battery energy storage, the widespread use of smart meters, and the era of electric vehicles.
(1) Prosperous development of battery energy storage
Battery storage is the key to successfully integrating renewable energy into the grid. Its ability to store energy provides smooth, congestion management and frequency adjustment services to the grid, which is critical for efficient power integration. These advances depend on the development of battery technology. The new lithium-ion battery extends product life, increases energy storage capacity and reduces volume, while advanced battery management systems maximize cost savings through tariff price tracking and arbitrage services.
In the future, once the upfront costs are reduced, consumers who install their own energy storage systems will see significant cost savings and the ability to generate revenue through the sale of cloud-based communities back to the grid. These communities can not only access the home, but also access electric vehicles (EVs), allowing the use of grid charging points for cheap and green charging. Blockchain technology is currently being used in pilot projects to provide the layers of trust required for Internet peer-to-peer energy transactions for consumers who have installed and connected solar panels, energy storage systems, and electric vehicles.
The report states, “Why is battery energy storage so important for the future energy roadmap? It has dual uses. First, it promotes the integration of intermittent renewable energy sources while generating revenue. Battery storage drives residential energy storage after 2020 Large-scale market adoption of the system. By 2025, we expect residential energy storage to be a comprehensive and essential component of all renewable energy projects."
(2) The application of smart meters is increasingly widespread
Smart meters are one of the cornerstones of smart grids and digital energy because they generate a lot of data. As more and more users connect through smart meters, the amount of data available to the system increases. The importance of smart meters lies in their simplicity. Compared to battery energy storage and electric vehicles, their entry barriers are low (pre-costs are usually borne by energy suppliers), which means they have the most direct impact on the average consumer. In Europe, the EU has strong regulation of smart meter installations, and countries such as Sweden, Italy and Finland are close to 100% smart meter penetration and benefit from customer engagement and active energy management initiatives.
As more and more smart meters are installed, they are opening to digital retail services such as tariff optimization, customer engagement and the Internet of Things (IoT) technology. Among these advantages, IoT technology may be the most exciting: smart meters provide gateway services at the consumer level, such as demand response to commercial and industrial customers, remote building control, home energy management, and energy optimization. The opportunity to create efficiency is enormous.
(3) Entering the era of electric vehicles
“Electrification in the energy industry is a transformational trend. The application of electric vehicles is growing rapidly. In 2017, the global electric vehicle sales exceeded 1 million. The automotive industry is essentially customer-centric and fast-paced, and the company invests in R&D and actively promotes electric power. The car responded to this change. Together with the government's goal of prohibiting the sale of internal combustion engine vehicles, the development of the electric vehicle market was promoted.
The integration of electronic mobility and energy is clear. There will be opportunities to address charging infrastructure and grid balancing issues, as well as deploying millions of electric vehicles to create distributed energy storage networks. The integration of electric vehicles, solar photovoltaics and home energy storage has driven the emergence of the vehicle-to-home (V2H) concept. The V2H solution maximizes energy efficiency and cost savings for electric vehicle owners, as energy is released from the grid at low cost times, stored in electric vehicles, and recycled to the grid during peak hours to generate revenue. . After 2020, the excess stored electrical energy used by electric vehicles for grid services is provided to homes, commercial facilities, and public charging infrastructure. Once the ability to use electric vehicles as a revenue-generating tool can be realized on a large scale, the cost of early-stage costs can be alleviated. By 2025, the demand for new vehicles is expected to rise to nearly 20 million vehicles per year.
Prospects for the future development of energyThese three areas represent the most popular innovation opportunities in the digital energy arena. It is predicted that by 2025, the value of smart energy infrastructure will reach at least $1.5 trillion per year, in terms of market opportunities and benefits for businesses, customers and society. Committed to making people's lives more sustainable is no longer an option, but an opportunity to truly promote the use of smart technologies to maximize the use of renewable energy. The driving forces and opportunities behind the digital transformation of energy are enormous, and governments, businesses and consumers must work together.
Stainless Steel Piano Wire,Ss Piano Wire,Stainless Steel Spring Piano Wire,Piano Wire Stainless Steel
ShenZhen Haofa Metal Precision Parts Technology Co., Ltd. , https://www.haofametals.com