Energy runs the human race; energy runs the world. Earlier, producing energy wasn’t a challenge to most of the countries, with unlimited replenishing resources. Today, the case is different; every country strives towards energy efficiency. With the declining level of natural resources, the world is equipping itself with the most recent technology and is in search of alternative energy sources. Demand for energy is also increasing with each passing day as the birth rate of all countries are on an all-time high. While many countries are struggling to extract energy from alternative sources, many others are at the threshold of essential energy generation.
Recent reports on the Koala species being on the track of extinction due to the Australian bushfires have placed the earth on a precarious environmental plateau. Climate change is further exacerbating the situation. The whole of humanity needs to walk unified in the same direction to make co-existence possible. Lack of electrical energy would lead the world into a dormant state, which has already started materialising in many parts of the world. Technology has been paving ways for an advanced living; electricity is one domain that requires immediate technological tweaks.
Innovations are necessary
In this era, disruptive technologies in every field of work are essential as efficient living, demands sophisticated mechanizations. For the earth to remain lit, and the whole economy to run seamlessly, a constant supply of energy is imperative. Clean energy has been adopted in many countries over the past decades, by developing methods to generate electricity from wind and solar. Almost all clean energy technologies (even the very recent automobile innovations) are facing the issue of high expenses. Well-developed countries like the US and the UK have resolved the problem of lack of energy by extracting the power out of every available resource. The same cannot be easily deployed in developing and underdeveloped countries. In-depth research and revenue are essential for the implementation of such plans. Energy efficiency could only be achieved when these innovations are brought all around the globe. Check out the energy-efficient innovations adopted by Norway at https://strøm365.no/stromleverandorer/akraft/.
Several technologies have been developed to drive the world progressively. The generation of electricity from solar and wind resources stay viable in many parts of the world, whereas it remains implausible and unaffordable to many other nations.
Energy storage facilities
The power supply is not proportional to the demand. Most of the countries are now trying to resolve this issue by improving the infrastructure of the electric power industry. But, this alone would not help in enhancing the country’s power supply. For a balanced supply of electricity, supply should meet the demand. Energy storage facilities should be developed just as the methods to generate electricity have developed in the past years. Connecting the renewable energy sources to the storage systems could solve the issue of intermittent power supply. Batteries could work efficiently as the storage system, but this configuration would cost every country massive amounts. Rich and developed countries might find it affordable, but not the underdeveloped ones. New technologies in the storage systems have to be developed for the entire world to stay charged. Some small states and islands have already started storing power in the old car batteries. The new technologies are likely to focus on the energy storage aspect to reduce the huge expenses.
Microgrids with A.I
Saving energy was the primary objective behind developing microgrids, and it works for efficient transmission of electricity. It functions either independently or by connecting to the central transmission grid. Incorporating the concept of artificial intelligence and microgrids made the whole system stronger. Various toolkits are being introduced to reduce the complexity of the previous format and resolve the issue of high-cost electricity production and transmission.
Blockchain Technology in electricity
The technology that is used in cryptocurrencies is gradually being used in energy transmission also. Blockchain is a ledger that works in a peer-to-peer format, and it is ideal for cryptocurrency transfers. In electricity distribution, this technology can be deployed by removing the middle agent/suppliers. The whole system is incorruptible and significantly robust.
Renewable sources of energy
Reportedly, about 70% of the total energy produced is attributed to renewable energy sources. The production rates are likely to increase in the coming years as the demand for electricity is relentless.
Earth is running out of renewable energy sources, and every person plays a crucial role in conserving it. Innovations in the field of electricity are vital as the expansion of nations (population-wise) is bringing in the demand for efficient electricity distribution.