Weekly Brief

What Technology Holds for the Solar Energy Industry

Utilities Tech Outlook | Wednesday, February 26, 2020

Emerging technologies contribute to enhance solar energy industry operations, including energy generation, advancing distribution and billing techniques, focusing on customers’ future demand, and more.

FREMONT, CA: The solar energy industry experiences massive popularity across the globe while witnessing an increase in the rate of adoption of its products and services from both the domestic and commercial sectors. Alongside, the industry also looks to employ various technologies like AI, blockchain, data analytics, and more to enhance their business values.

Solar energy distribution through the blockchain-based network can improve the standard of customer services and energy billing processes. Blockchain’s features, like smart contracts, encryption, and decentralization, can help energy distributors track energy flow accurately and reduce the chances of forgery or thievery. Integrating features of data analytics across the solar energy distribution network can also help in accessing in-depth information about customer’s energy usage behavior. Such detailed information can be used to predict future requirements of energy while letting the distributors tailor personalized offers and services for different customers. This also improves the billing processes; accurate usage data contributes to generating exact bills and also identifying the scope of reducing energy wastage.

Advancement in energy storing and saving promises brilliant opportunities to businesses. Solutions like batteries, smart grids, and smart metering systems are some of the excellent examples of utilizing solar energy to the fullest in a sustainable manner. Today, technology has made it possible for solar energy providers to increase their efficiency not only for domestic purposes but also for industrial requirements. Technology-influenced solar energy solutions hold the ability to tackle future energy demands and environmental issues. Envisioning greater success in the years ahead, solar energy companies are bound to unleash the goodness of technology exceptionally.