By: Elizabeth Mackenzie
According to Statista, the new investment in renewable energy technology worldwide from the first quarter of 2018 to the second quarter of 2021 evolved dynamically. In the first quarter of 2018, there was a $66 billion capital influx. In the fourth quarter of 2020, the capital influx reached a top record level of $108 billion. Then in the second quarter of 2021, it went down to $89 billion.
Energy is what moves the world. However, technology is currently the new energy that makes many things possible. So, what if energy and technology are combined? The result is a mixture of power generation and even good news for the environment.
Humanity and the planet can look forward to having a better future with tech-boosted renewable energy. Tech schools like Thinkful can help you learn how disrupting technologies are impacting the renewable industry. In the paragraphs below, you will know how tech is changing how global energy is produced.
Stunning Tech Developments that Will Define the Future of Global Energy Generation
Energetic companies are looking forward to a promising future with tech-based power plants, remotely-controlled electric grids, and data-driven engines. This is already a reality taking place in the form of the following innovations.
Power production based on sunshine is growing due to the adoption of new electronics mounted to solar energy-catching panels. Some firms are creating thin-film cells to make solar panels cost-effective, lightweight, environment-friendly, and flexible. This indicates that the sunlight absorption in cells will be quicker and even at a larger volume. Emerging firms are creating ways to concentrate solar electricity using mirrors and lenses.
Artificial Intelligence and Big Data
Artificial intelligence is becoming the driving force for computing departments in high-energy infrastructures. You can enroll in an online bootcamp to learn about AI and its uses in the renewable energy business, including anticipating energy usage and predictive maintenance of renewable energy systems. Complex automated analysis tools may discover faults and create digital maps to assist in the resolution of technical issues. AI also allows for the internet of energy applications that estimate grid capacity levels.
Distributed Energy Storage Systems
The technology sector is creating new smart hardware that can be configured to perform certain storage and energy management duties. Flow batteries are beginning to leverage low and consistent energy, while solid-state batteries deliver high energy density. Those elements save energy and work with programmable electronic components. Energy reconversion through Power-to-X (P2X) technology is also being used.
Electric generation infrastructures now have more power to distribute energy faster and at a higher capacity, thanks to grid integration technologies. This innovation primarily includes transmission, distribution, and stabilization of renewable energy. It works through a complex wires network with programmable setups all over the transmission process. Grid integration is a solution to frequency and voltage fluctuation through microcontroller-based components.
What used to seem like a movie thing in the past is now a reality. Automated machines can guarantee the fluent functioning of a whole power generation plant. Drone inspection and robotics-based autonomous operations and maintenance (O&M) are now being used to handle risky, repetitive labor, enhancing safety and productivity.
Developing nations are investing in these technologies. Drones, for example, use phased array ultrasonic imaging to quickly identify internal or external damage to huge wind turbines. Drones supervise and monitor particular defects that the human eye cannot notice.
Benefits of Implementing Technology in the Renewable Energy Industry
- It Bolsters Environment-Friendly Power Generation Systems: Technologies like artificial intelligence have become a second engine for wind turbines and solar cells. The onward march of renewable energy has a present and a solid future with IT-based engineering innovations.
- Better Electrification: The smart energetic infrastructures enhance the advance of electrification in the coming decades. This technology will super-charge the global shift to renewables towards a new era for humanity.
- More Efficient Distributed Generation: Local power production in the retail or commercial sectors may be accelerated by data-driven generating systems. From solar panels on residential houses to enterprises that use combined heat and power systems.
You can attend schools like General Assembly to learn how these amazing technologies are defining the future of the global life system. As computer science gets further ahead, companies, governments, and whole countries widely understand the importance of digitizing and automating power generation systems worldwide.
Elizabeth Mackenzie is the Founder and CEO of Global PR Associates