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Utilities Business Review | Friday, December 23, 2022
Power Grid faces some crucial challenges, such as Electromobility, an increase in power outages, and an increase in the number of renewable energy sources.
FREMONT, CA: Electricity is a powerful force. To take advantage of its benefits, the amount of electricity in the grid must correspond with actual consumption. Power grid operators face several challenges due to the ever-increasing demand and popularity of such advances as electric vehicles. Some of these are as follows:
Renewable energy sources are growing in number: By 2050, renewable energy will provide 62 percent of generated energy. The amount of green energy generated in Slovakia in 2019 represented only 13 percent of the entire production capacity. Connecting renewable energy sources (RES) to the grid is not easy, and their effectiveness is entirely dependent on the weather. RES are considered unstable energy sources from this point of view, and their operation can cause serious grid imbalances without an advanced management system.
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The solution is the Accumulation of electricity. Energy storage systems store unused energy and use it later. The weather or energy consumption forecasts can be made more accurate with the help of artificial intelligence. Using this approach, utility companies can better plan their customers' electricity needs, and smart energy management solutions can make green energy a reliable alternative to fossil fuels.
Power outages are frequent: The two most common causes of blackouts are extreme weather conditions and old power lines. Power outages have already caused billion-dollar damages in Australia and the United States. A huge blackout can cause electronic device damage and data loss, as well as paralyze life within the affected areas.
The solution is an increase in energy self-sufficiency. Batteries can provide long-term protection against power outages and ensure the continued operation of critical equipment during power outages. Green energy can be stored and used later with a renewable energy source.
Modernization of the grid: Although power lines don't last forever, and it is costly to renovate or build new ones, there is a constant need to increase their capacity.
The solution is the Decentralization of energy. In response to local energy production and consumption, the amount of electricity distributed through the power grid decreases. In this way, transmission losses are lower, and less burdened power lines last longer.
Cyberattacks are a threat: There are also side effects associated with the digitalization of the energy sector. A group of hackers has already managed to infiltrate the systems of energy companies and expose thousands of households to controlled blackouts.
The solution is: using blockchain technology. The distributed database model also ensures that an attack on a single point in the grid, e.g., one power plant, cannot interfere with the entire system, just as during the Decentralization of energy generation when the grid operation is not the responsibility of a single supplier.
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