Fremont, CA: The demand for green energy has risen for many years. Solar energy, in particular, is growing one of the most debated subjects due to its efficiency and affordability. As a result, the market for solar energy is expected to grow by 20.5 percent from 2019-to 2026, with a CAGR of $223.3 billion by the end of 2026.
While climate change is the first reason solar energy gains importance, five trends will boost the sector in 2021.
Artificial Intelligence and Automation
AI allows energy suppliers and customers to regulate and reduce pollution by gathering data and leveraging energy consumption. In addition, it eases anticipation of emergencies and can alter its settings.
Automation of equipment accelerates maintenance processes and eliminates human labor power requirements.
Blockchain-based solutions
Blockchain infrastructure is modeled to eliminate the middleman that benefits solar energy consumers. It makes green energy reasonable and more accessible, but it will also permit individual households to limit their energy consumption without overpaying public services.
Blockchain technology is connected with the financial market, optimizing information sharing and smart device use and making it more reliable, contributing to better BMS(building management systems).
Increased parity of grid
Solar energy accessibility enhances grid parity, and if more private households install private energy generators, it will become cheaper. As a result, price shifts will be important from 2021, assuring that solar and other renewable energy options will become more reasonable than conventional energy sources, like coal or gas.
Technologies such as IoT, AI, and blockchain have a lot to make solar energy more "user-friendly" and bring energy generation and utilization to a more individual level.
Accessibility for private households
New generation distributed energy resources, like solar panels or wind generators, can be used in private households to enable people to have greater control over energy use. These devices can be installed in households and also in apartment buildings. Therefore, users can produce as much energy as and sell residual energy to energy vendors.
