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Since the world is moving on development at a rapid pace in every sector, Energy is one of the most essential sectors that need development in its operations, processes and patterns to be utilized by people at its full potential.
At present, the biggest problem that the energy sector is facing is nothing but the wastage of energy and its resources through which it gets generated. During the process of output, there is a lot that gets wasted and the output yielded is less than what is invested.
Therefore, Micro grids are the best solution that is suitable for Energy sectors' growth and its allocation but the question is:
Microgrids are low- or medium voltage grids located at or near the consumption sites. Usually, Microgrids are low or medium voltage grids that are located at or near the consumption sites that can generate power from both renewable and conventional sources without any wastage of elements and resources in the process.
Because:
1. They're Secure and Reliable
2. Microgrids can be installed quickly and easily, even in remote areas.
3. During blackouts, Microgrids that are connected to the main power grid can be easily disconnected and can supply power reliably.
They're a Cost-Effective And Independent Power Supply
They are cost-effective as they self-generate the energy from consumption.
As climate change and sustainable developments are an important concern in today's time Microgrids are the best suitable option to shift to as they support decarbonization and renewable power generation support.
Energy and Power are one of the most crucial reasons for environmental destruction and now we are entering a phase where renewable power will be and should be accessible to all households, without the existence of big utility monopolies. New technological innovations like blockchain are more powerful and reliable, and will not only help in making these energy transactions, cost and time efficient but will also make them completely transparent. Individuals will be able to carry out these trades with their own devices using renewable currencies. Energy supply will not be limited to traditional methods of distribution.
Industry professionals can use new technologies to replace already existing supply systems to a new market which is both decentralized and transparent. This would substantially reduce onboarding friction by creating a direct line-of-sight from buyers to Utilities or Prosumer suppliers. It would also eliminate market inefficiencies arising due to onboarding friction. DERs will evict any existing monopolies but offering a choice of energy supply to the consumers. New developed technologies will provide better informed procurement decisions which will cause reduction in the stress on energy infrastructure.
As we race to capture & create new value, optimize business ecosystems, & reduce risk, our systems need to become more adaptive & resilient. They must adapt & learn to manage complexity introduced by broader computing & partnering ecosystems, including new interactions driven by the IoT & AI. By infusing business networks with new technologies, diverse systems can interact seamlessly. Processes can transcend individual organizations, eliminating issues created by inefficiencies or lack of trust & transparency. All improvements can streamline the exchange of value along our ecosystem.
“Every kilowatt you buy, you pay for network. If you can cut out the middle man and do the trade directly, you don’t have to pay for the wires,” - Philipp Grunewald, University of Oxford.
Innovative keynotes delivered by the industry's true heavyweights, covering practical challenges and subjects which are exclusively entailed in our agenda. Gain subject matter expertise, network, and collaborate to explore solutions that shed light on future business models impacting revenue inflows.
Futurista Start-up Elevate is a dedicated platform for Startups and VCs. We offer industry-specific startups a showcasing opportunity, enabling them to connect with corresponding VCs and Mentors. A win-win dynamic is created to attain the desired exposure for startups who are looking forward to scaling up their businesses.
A smart application will help you connect with key decision makers, share files, brainstorm ideas, and have a seamless networking experience. A comprehensive module covering the entire event, compiled for training purposes, to be made available post-conference, exclusively for the attendees.
Collaboration
Data Standardization
Decentralized
Energy transaction
Regulatory reporting & compliance
removal of intermediaries
Electricity Generators
Streamline regulatory reporting
Sustainability
Frictionless transactions
Green energy
New business models
Peer to Peer Lending
Circular Economy
Energy Storage
Prosumer
smart contracts
Smart metering
Futurista Startup Elevate is a platform that transforms big-ideas into reality! The FOPM 2019 will fuel start-ups to take themselves to the top by providing access to VC's, Mentors, and Potential Clientele from the corresponding industries. The perks include Product Showcasing, Speaking Slots, and Campaigns running among our thoroughly researched pack of delegates.
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