The main issues of the ever-growing energy market
The Green Energy market is a rapidly growing industry with great potential. However, there are several problems that need to be addressed in order for it to reach its full potential. In this article, we will discuss these problems and show some ways they can be solved for unlocking the full potential of the green energy industry — with the Chain4Energy.
- Carbon neutrality
- Growing energy demand
- Energy poverty
- Grid stability: the smart grid transformation
Carbon neutrality in short is the state of being free from carbon emissions. This can be achieved through a variety of methods, such as renewable energy, energy efficiency, and carbon capture and storage. Carbon neutrality is important because it helps reduce greenhouse gas emissions, which are a major contributor to climate change.
The world’s energy demand is growing at an alarming rate. In order to meet this demand, we will need to find new and innovative ways to produce energy. One of the best ways to do this is through renewable energy. Renewable energy is a form of energy that comes from sources that are naturally replenished, such as the sun,
Energy poverty is a global problem that affects millions of people. It can be defined as the inability to afford adequate energy services to meet basic needs such as cooking, heating, and lighting. There are many causes of energy poverty, including insufficient income, high energy costs, and lack of access to energy services.
Grid stability is a major issue for the green energy industry. The traditional grid was not designed to handle the influx of renewable energy, which can cause instability and blackouts. To solve this problem, we need to transition to a smart grid.
The smart grid is a network of devices and sensors that can communicate with each other to manage the flow of energy. This will allow us to better integrate renewable energy into the grid and make it more stable.
Addressing the problems
The abovementioned problems could be easily solved with the green energy — yet this industry itself is facing a lot of problems such as:
- • High costs of green technologies
- • Lack of monetization possibilities
- • Intermittent nature of renewable energy if not enough resources were pooled together
- • Centralization of energy production
- • Inefficiencies in distribution
To solve these issues we need a green energy toolkit that will help to distribute evenly the power and connect together different groups of interests such as B2B clients, prosumers, and energy providers. If you would like to read about specific use cases of the Chain4Energy toolkit definitely check out this article.
