The world is marching toward a greener and cleaner future. This rapid transition to renewable energy is driving new developments in the energy industry. Businesses are embracing advancements in smart energy to reduce greenhouse emissions, lower energy costs, and minimize their carbon footprint.
As per MarketsandMarkets, the global smart grid market, which was valued at $43.1 billion in 2021, is estimated to reach $103.4 billion by 2026, at a CAGR of 19.1 percent.
The stellar market growth can be attributed in large part to the modern, tech-driven advancements that are revamping smart energy practices from the ground up. For instance, integrated PV, floatovoltaics, and agrivoltaics are emerging as a megatrend in the industry. Solar companies are combining innovations in PV materials like perovskite with photovoltaic designs to enable maximum efficiency and high productivity.
By pivoting to energy-efficient, grid electronic technologies such as Gallium Nitride (GaN) and Silicon Carbide (SiC) semiconductors, energy companies are scaling renewable energy generation and overcoming distribution losses.
Robotics enable renewable energy solution providers to unlock greater accuracy and utilize resources optimally. Companies are also prioritizing the use of automated solar panels and equipment automation solutions to boost production and free up human resources for higher-order tasks. Besides, energy startups are leveraging blockchain-driven smart contracts to ensure trusted transactions in peer-to-peer (P2P) electricity trading.
This edition of Energy Tech Review highlights the recent developments in the smart energy arena and insights into how companies are aligning with these trends to transform legacy practices.
We have curated thought leadership articles from industry experts. We also took a deep dive into the market trends to narrow down the list of companies delivering robust smart energy solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as Artis Energy Intelligence, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Energy Tech Review on smart energy helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
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