Power Storage with Renewable Energy is the Future

Power Storage with Renewable Energy is the Future of power generation and distribution of power. After introducing LiFePO4, LTO, LMO, NMC etc., batteries and the continuous improvement in battery technology where the density is reduced and the life cycle is improved, most of the world is working on these technologies that have revolutionized the renewable industry.https://en.wikipedia.org/wiki/Energy_storage

The Renewable industry is mainly dependent on Grid feed systems where the solar is fed through the grid, which is unreliable as this energy depends on the availability of sun, which might be available at times. Generation companies come under stress as this power is not available continuously, and they need to regulate their generation from time to time which creates a lot of stress on the power plants and financial stress on the generation companies.

After the storage solution availability, this stress can be reduced as the big plants installed by the solar installation companies can provide stable power to the grid. In contrast, the Generation company can plan their power generation accordingly and will give more money than simple grid feed solutions.

The cost of generation of power through solar will be cheap, and this can compete with the power distribution companies. Since the storage system can be installed locally and the power losses for distribution and maintenance are not a challenge, we can imagine the future scenario that people don’t need power from the Discoms.

In the Future, people will be installing renewable energy systems with storage solutions like Su-vastika India-based power storage solution provider has shown. They will share the power through blockchain systems and will not depend on distribution companies.

This way, the wires coming from 100 km or more for power distribution and maintenance of those systems and losses incurred will be a problem of the past.

As the cost of the LiFePO4 batteries goes down along with density and cycle life is increased, the power generation through fossil fuels will not be able to compete with the cost of power generated through the renewable storage system.