IoT / M2M connectivity enables energy provider networks to overcome critical issues, such as interrupted services, security breaches, and high implementation and maintenance costs.
The way that energy is generated and consumed around the world is undergoing rapid change, bringing with it a growing instability in supply. While there are many worst-case scenarios in the world of crisis management, an energy-related failure ranks among the most frequent and most damaging, and yet it remains one of the least prepared for.
In the last five years, the cost of solar has fallen 48 percent. Annual global solar installations now total 100 gigawatts. These two facts are closely intertwined.
In a presentation at Solar Summit earlier this month, GTM Research's Scott Moskowitz highlighted current trends in solar PV technology like the rise of 1,500 volt systems and three-phase inverters overtaking central inverters. He also went on to provide an outlook on PV system prices.
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2017 was one of the most exciting years yet for energy storage, as several markets saw formative policy developments, interesting business models materialize and a rush of corporate merger and acquisition activity. A total of 1.4 gigawatts and 2.3 gigawatt-hours of energy storage was deployed globally in 2017, with Australia taking the pole position in terms of power capacity at 246 MW, while the U.S. market led the world in terms of energy capacity at 431 MWh.