The technological revolution is enabling the energy industry to unravel several unexplored energy sources.
FREMONT, CA: The energy industry has witnessed rapid transformations in the past few years. Government and industries have realized that the limited reserves of fossil fuels would not last forever. The emergence of innovative technologies has also added to the growth of alternative sources of energy. Offshore wind and lithium-ion battery storage are gaining traction lately. The proliferation of alternative sources of energy is imminent, and industries, as well as the government, are readily embracing the transformations. Focusing on technological advancements in energy, here are some of the key emerging trends that will restructure energy production as well as consumption practices.
Marine solar power can be an essential energy source, especially for the sailors who are far away from the shores. Small marine solar panels can charge batteries. In the charging system, the solar panels translate sunlight into electrical current and provide it to the batteries through a solar charge controller. Similarly, larger panels can produce enough energy to power appliances such as an inverter.
Although static compensators have not been used up to its potential, the technology can integrate renewable energy sources to the mainstream grids. Static compensators mimic the act of rotating masses that was earlier supplied by thermal turbines that enabled a static frequency across the grid network. Another use case of compensators can be found in renewable-heavy grids lacking the feature of static frequency.
Molten Salt Reactors
A molten salt reactor (MSR) is a type of nuclear reactor that utilizes liquid fuels instead of solid fuel rods, which are used in conventional nuclear reactors. The use of liquid fuels enhances the safety and simplicity of design. Moreover, MSRs offer higher levels of safety than conventional solid fuels. The best part about MSRs is that they can be a source of cheap energy as they are much simpler to design than the conventional reactors.
The technological advancements and their adoption by the firms will shape the future of energy.