World : Energy Efficiency is the Global Economy’s “Hidden Fuel”

The global demand for power is rising. Although the increasing prevalence of solar farms and lithium-ion batteries are making energy expansion greener, the need for ever increasing volumes of electricity remains an issue.

Instead of having to resort to traditional sources, there may already be a new source of energy within the global power grid: energy efficiency. While the term is often associated with localized changes aimed at reducing the power bill, energy efficiency goes further than just reducing energy consumption.

Imagine two separate buildings with two unique heating systems, one standard and one energy efficient. The building with the energy efficient system can provide the same level of energy with a lower cost, thereby reducing operating costs and increasing net operating income.

 

Source : https://investingnews.com/daily/tech-investing/cleantech-investing/energy-efficiency-is-the-global-economys-hidden-fuel/

Smart Grid Bulletin September 2018


View all SMART GRID Bulletins click here