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Crown Capital Management -Dona
Community, Environmental DesignSource Big deal if we want to incorporate LOTS of renewables in the grid There are all kinds of ways to make renewable energy cheaper. Most people focus on things like more efficient solar panels, bigger wind turbines, economies of scale in manufacturing, etc. But because clean sources of power like wind and solar are intermittent, there's also a lot of room for improvement in functionally making them more stable, or at least more predictable. To understand why that's the case, you need to look at the power grid as a whole and not just at a wind or solar farm in isolation. Because wind and solar aren't entirely predictable, grid operators need to have backup power plants ready to pick up any slack (usually natural gas peaker plants) quickly. But when these plants run when they are not needed, this increases costs (and pollution). And sometimes if there's an unexpected surge of wind and/or solar, it's possible that the clean energy gets wasted because the grid wasn't ready to absorb it in a useful way. Many companies are working on ways to mitigate that, including IBM: IBM (NYSE: IBM) today announced an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and analytics to accurately forecast the availability of wind power and solar energy. This will enable utilities to integrate more renewable energy into the power grid [...] The solution, named "H...
Posted August 15, 2013
By Dona Clark