2024-01-09
DISTRIBUTED ENERGY STORAGE-distributed energy storage
Within the last century, massive population and economic growth have accelerated the global consumption of energy to unprecedented levels, with nearly 30% of the world’s total energy being consumed by buildings.By 2035, the yearly investment required to supply the world’s energy needs will rise to $2 trillion a year,?according to the International Energy Agency (IEA).To address these ballooning costs, advancements in smart metering technology and energy storage systems are giving rise to a decentralized approach towards energy management called distributed energy systems (DES).The availability of renewable energy sources, smart metering technologies, and regulation aimed at reducing energy consumption are changing the energy landscape from a traditional centralized model for power generation and delivery to a diverse, dynamic and complex system with multiple actors and multilayered energy sources.