Innovation informed by ongoing customer discovery will be vital to overcoming the diverse barriers in the global energy transition.
FREMONT, CA: In recent years, it has turned into a near-consensus among experts that shifting diesel production with solar and storage energy solutions makes interesting sense. Not just does diesel creation have unsustainable health and environmental impacts, but it is unbelievably expensive and leaves customers vulnerable to fuel price volatility. Utilizing clean and abundant solar is a simple solution to remediate the sustainability and socio-economic problems caused by diesel generation.
Solar power generation has been well-established as an inexpensive and proven technology. Although, key issues related to intermittency have made it cumbersome to effectively include solar in a reliable power system.
Due to both the predictable and unpredictable intermittence of solar generation, these integration hurdles can be decontaminated using energy storage to level the production curve. But deploying solar and storage is a simple route to reducing diesel reliance.
The prime cause for the slow adoption of solar energy in markets is the lack of storage deployments. Solar is an easy-to-deploy technology. Nevertheless, the lack of storage limits the impact of solar energy in the markets that require it most. There are three main barriers to storage deployment in emerging markets:
1. They are stalling solar and storage deployment in emerging markets with the highest potential for impact.
2. Energy storage projects need a large upfront investment, but they make economic sense when considering the ensuing savings and reduced operating costs.
3. Most customers in emerging markets usually have diesel-centric power budgets, which require high recurring monthly expenditures on fuel and maintenance while low upfront costs.
The necessity for substantial customer commitment before system implementation has stalled solar and storage penetration in emerging markets. Present customer cost structures have constrained storage implementations to a small subset of forward-looking enterprises that can grant to make vast upfront investments in their energy systems. Mobile energy storage leasing is an economic model that breaks the existing hurdles to storage deployment in high-impact communities. Making energy storage more feasible will result in increased solar penetration and the reduction of unsustainable diesel reliance throughout the globe.
