While the renewable energy revolution is ongoing, researchers and governments have already started plotting the next big thing- energy storage. The rapid adoption of electric vehicles is bringing down battery costs. Investment are now being made on the future of Transmission and Distribution (T&D) to eventually restructure the power markets and digitize the electricity bionetwork. The field of energy storage also brings in opportunities for utilities. These utilities must understand the utilization of business analytics as that will give them mastery over the entire process. This partnership between data and utilities can bring far-reaching business benefits. Some companies such as Amaresco and Ener NOC have already ventured into energy storage. The disparate electricity grids from separate energy sources are also being integrated together through such systems.

Source:https://www.bain.com/insights/embracing-the-next-energy-revolution-electricity-storage/

Uploaded Date:13 September 2018