The negative effects of the ongoing energy crisis are being felt by businesses and consumers right across the UK and Ireland. It is obvious that the situation must be addressed, but it is not yet clear how this will be done. Here we outline potential technological solutions to the energy issue.
Improved energy storage: As the energy generated from a number of renewable sources – including wind and solar – is often intermittent and can change rapidly, it may need to be stored for later use. If this energy is not able to be stored, it cannot enter the grid and is unfortunately wasted. Thankfully, the UK Government has announced significant funding for the development new energy storage technologies that will potentially improve storage levels and may help reduce the cost of achieving net zero.
Smart energy monitoring: Reducing overall energy consumption can also help to address the scale of the energy crisis. Technology such as smart meters can provide businesses and consumers with a better overview of their energy use along with a level of control over how and when they use it. Smart meters can also be integrated with connected devices (as part of the Internet of Things) which can help to make managing energy consumption as convenient as possible.
Electric Vehicles: Increasing numbers of people are making the switch to Electric Vehicles (EVs) but significant infrastructural investment is necessary to ensure the full energy benefits of EVs are felt. An increased number of charging points must be installed within homes and workplaces along with public spaces as appropriate charging infrastructure is necessary to convince the population as a whole to transition to EVs.
Upgraded grids and networks: Digital innovation is also allowing for the development of ‘smart grids’ which utilise data analytics capabilities to optimise grid performance. The benefits of smart grids include improved efficiency and reliability of electricity supply, integration of renewable energy into existing network, support for the development of electric vehicles at scale and reduced carbon emissions.
It is clear that the key to providing reliable power is digital technology, but appropriate investments are necessary. Visit www.b4bgroup.ie or call us on 02890748844 to find out more about how we can help ensure a secure energy future for your business.