Over recent years, the world has seen a lot of scientific development. Science and technology play an essential role in addressing the needs of people. Managing the demand and cost of power generation is one of the driving forces for innovation and sustainability. Understanding the fact, we live in a planet of limited resources, it’s imperative not to deplete the resources. The key lies in optimising resource utilisation and costs of production to make it viable for people across socio-economic classes.
The necessity to put a system in place to aid sustainable development has been crucial in the conception of Clean Technology.
Clean technology is a general term used to define the set of processes in any field that reduces wastage in every phase, demanding reduced usage of non-renewable resource and helps in developing a more sustainable environment.
Why do we need it?
Certain factors have been driving the paradigm shift towards sustainable development.
Catering to the needs of the growing populace is a constant factor, driving change and innovation in an otherwise rapidly changing landscape.
The main factor pushing for the change is the cost incurred by conventional methods of energy production, which eventually reflects in the pricing affecting a large part of the population. There is an incentive in keeping basic needs affordable.
Research and development
Corporations have been investing a substantial amount in research focusing on the sustainable and alternative sources of energy, owing to the rise in awareness of the impact of conventional methods of power generation.
Competitive global market
Globalisation has created an enormous market space for manufacturers leading to a highly competitive environment. It is the innovation that keeps them relevant and competitive.
Change in the mindset of people driven by awareness created by several non-profit and environment-friendly organisations is pushing various corporations to consider the environmental impact. One cannot ignore the effect of pollution and ineffective waste management on the ecosystem any more.
Will it work?
While we have multinational corporations and industrialists shifting towards clean technology, it is the economies of scale that can make it feasible. Large scale changes favouring sustainable methods would drive competition bringing the cost down and making it economically viable. Smart Grid is one of the recent developments in the energy domain.
The smart grid is a conventional electricity grid with digital enhancements. A digital communication network coupled with a traditional electricity grid. Smart grid helps in understanding the fluctuations of real-time demand which in turn provides a platform to design an efficient power management and response system.
Integration of renewable energy sources like photovoltaic, solar thermal, geothermal, wind, biogas can minimise the demand for fossil fuels and emission of greenhouse gases. This integration also facilitates in the optimisation of resource utilisation.
The smart grid has the potential to enable effective waste management, alternative transportation solutions to overcome the barriers of sustainable energy. It also strives to create efficient disaster management with quicker response time for recovery, thereby reducing the production losses in small scale industries.
Countries and Smart Grid? Where does India Stand?
Countries have realised the necessity of switching to clean energy and have been making a considerable investment in Smart Grids. Singapore has made significant developments towards clean technology and the implementation of several projects. Australia, Canada, China, South Korea, USA and countries in European union have understood the energy needs and are gradually moving towards clean energy and smart grids.
India has recently started investing in the development of smart grids at a smaller scale. Gujarat has made efforts in an attempt to embed meters in the sim card. There have been several pilot projects in states like Haryana, Kerala and Maharashtra.
While the policy changes and transition towards alternative energy may initially seem daunting, the potential benefit shifts the argument in its favour.