Cape Town based IM Power has developed a medium-sized solution comprising solar and energy storage technologies to provide reliable, affordable power for the commercial and industrial market.
Energy storage is viewed as a potential game-changer for widespread adoption of renewable energy generation throughout Africa. It facilitates the management of renewable power intermittency, demand response services and the dispatchability of stable, clean, and sustainable power into the local or national grid system.
The company’s CEO, Jay Naidoo, says the company’s solar and energy storage solution ensures security of supply and significant cost saving. Companies which consider alternate energy solutions will find the hybrid combination of solar and energy storage a perfect solution for any energy user, be they large or small.
The deployment of renewable energy is not only driven by cost efficiencies and environmental awareness, but when coupled with battery storage, a new dimension emerges where utilities are able to compete on a level playing field with conventional electricity power plants. Furthermore, energy storage remains a flexible, scalable, and efficient solution. Energy storage thwarts the need for power utilities to unearth and replace wires or spend money and time on constructing new plants. As an alternative, they can build a network of battery storage within six months.
The International Energy Agency (IEA) predicts that by 2035, developing nations will constitute 80% of total global energy production and consumption alike. A greater portion of this new generation will be derived from renewable sources in response to adherence with international policies for cleaner energy. Energy storage is considered to be the next wave of growth and the international market is expected to grow from US$221-million in 2014 to $18-billion in 2023.
Spurred by the adoption of cleaner energy, declining prices and regulatory subsidies, solar photovoltaics, battery energy storage systems and mini-grids are being used increasingly across the electric system. These developments necessitate that utilities adapt their conventional centralised systems into more flexible, integrated, and distributed power networks. This movement is evolving from preliminary phases to long-term investments that support the evolution of new business models.
Contact Jay Naidoo, IM Power, Tel: 021 836-4292 firstname.lastname@example.org