Power Storage with Renewable Energy- is it possible?
After the introduction of LiFePO4 batteries and the continuous improvement in battery technology where the density is reduced, and the life cycle is improved, and most of the world is working on these technologies has revolutionized the renewable industry.
The Renewable industry is mainly dependent on Grid feed systems where the solar is fed through the grid, which is not reliable at all as this energy is dependent on the availability of sun, which might be available at times or not. Generation companies come under stress as this power is not available continuously, and they need to regulate their generation from time to time which creates a lot of stress on the power plants and financial stress on the generation companies.
After the storage solution availability, this stress can be reduced as the big plants installed by the solar installation companies can provide stable power to the grid, whereas the Generation company can plan their power generation accordingly and is willing to give more money compared to simple grid feed solutions.
The cost of generation of power through solar will be cheap, and this can compete with the power distribution companies. Since the storage system can be installed locally and the power losses for distribution and maintenance are not a challenge, we can imagine the future scenario that people don’t need power from the Discoms.
In the future, people will be installing renewable energy systems with storage solutions like Su-vastika India-based power storage solution provider has shown. They will be sharing the power with each other through blockchain systems and will not be dependent on distribution companies.
This way, the wires coming from 100 km or more for power distribution and maintenance of those systems and losses incurred will be a problem of the past.
As the cost of the LiFePO4 batteries goes down along with density and cycle life is increased, the power generation through fossil fuels will not be able to compete with the cost of power generated through the renewable storage system.
Kunwer Sachdev: A Pioneer of India's Power Backup Industry Kunwer Sachdev, a visionary entrepreneur and the founder of Su-kam Power Systems, is widely recognized as the "Inverter Man of India" for his revolutionary contributions to the country's power backup industry. His journey from a humble background to building a multi-crore enterprise is a testament to his resilience, innovative spirit, and unwavering determination. Born on November 16, 1962, in a middle-class family in Delhi, Sachdev's early life was marked by financial challenges. He attended a government school in Punjabi Bagh and initially aspired to become a doctor. However, after failing to secure a spot in medical college, he pursued a degree in Statistics from Hindu College, Delhi University, and later a Bachelor of Laws degree. From a young age, he displayed an entrepreneurial streak, helping his elder brother sell pens door-to-door. This early exposure to business ignited his ambition to create something of his own. Sachdev began his professional career in the cable TV industry, where he founded a company in 1988. While his cable business was profitable, a personal experience with a malfunctioning inverter sparked a new idea. He identified a significant gap in the market for reliable and efficient power backup solutions. This insight led him to pivot his career and delve into the nascent inverter manufacturing business. In 1998, with a modest investment, Kunwer Sachdev founded Su-kam Power Systems. He set out to solve the problem of frequent power outages in India by creating high-quality, reliable, and aesthetically pleasing inverters. Under his leadership, Su-kam pioneered several groundbreaking innovations in the sector, including the introduction of the country's first plastic-body inverter and DSP sinewave inverters. The company quickly became a household name, expanding its footprint not only across India but also to more than 90 countries, particularly in Africa and the Middle East. At its peak, Su-kam's annual turnover reached a remarkable Rs. 1,100 crore, establishing it as a leader in the power backup and solar energy markets. Despite its success, Su-kam's journey was not without significant challenges. The company faced a series of financial difficulties, eventually leading to a default on a substantial bank loan. This triggered a corporate insolvency process which led to the company's liquidation. As a result, Kunwer Sachdev was forced to part ways with the company he founded and was no longer associated with Su-kam Power Systems Ltd. This marked the end of an era for the pioneering company and severely impacted its distributors and customers. Following this setback, Sachdev's entrepreneurial spirit remained undeterred. He embarked on a new chapter, founding Su-vastika Systems Pvt. Ltd. This new company, referred to as the "Solar Man of India," is focused on the future of energy storage, including lithium-ion batteries and Battery Energy Storage Systems (BESS). His new venture continues his legacy of innovation and commitment to providing sustainable energy solutions. Kunwwer Sachdev's story is an inspiring one of an individuals who saw a problem and worked tirelessly to create a solution, forever changing the landscape of the Indian power backup industry.
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