DISTRIBUTED POWER PROCESSING TM
The improved performance and productivity of today’s cost effective battery storage solutions and advanced smart software platforms are two of the key drivers that have made Distributed Power Processing™ a viable alternative energy option to traditional energy sources. There has also been a global push to install and upgrade intelligent electronic devices and meters that enables other devices to effectively interface throughout electric power supply systems. This enables vertical and horizontal multi-dimensional data exchange throughout the energy supply process.
Conventional power stations (coal-fired, gas, nuclear powered plants, hydroelectric dams, large-scale solar power stations) are centralized and the cost of the power generating station is only just a fraction of the overall cost required to distribute that power to customers. The sort of distribution system required to accommodate this size of power injection can double or perhaps even triple the cost of a conventional centralized power station. By contrast, Distributed Power Processing™ is a distributed energy solution consisting of a range of smaller-scale and modular locations or devices that can aggregate to provide more energy by sharing their excess production with other locations in proximity to customers. Residents, businesses and local communities can use new meters referred to as “net metering” to connect a unit generating electricity from renewable sources such as solar power to the regional hydro grid. Generating more energy then you consume and distributing it to the grid converts customers’ energy usage from a cost center into a profit center that generates incremental revenues immediately upon installation. These systems range from small installations at private homes to much larger installs on commercial buildings, and even extensive government or privately owned solar farms consisting of tens of thousands of solar panels on hundreds of acres of land generating electricity to thousands of homes and businesses.
EarthStar Energy has developed technologies and software to enhance the benefits of current Distributed Power Processing™ solutions. With advancements in technology only recently made available, solar energy has become the key to the Distributed Power Processing™ concept. They have created proprietary technology to improve the trackers on solar panels and the software to maintain lengthier exposure to the sun’s rays. EarthStar also has proprietary battery storage solutions that increase the amount of load that can be captured and the length of time it will maintain charge coupled with a power management technology that improves flow of energy efficiencies throughout. These EarthStar innovations have improved the return on investment and payback period metrics for solar power installations and projects from small single resident’s to large solar farms joint ventured with regional governments or private industry.
There are numerous global opportunities to deploy Distributed Power Processing™ technologies and systems to greatly improve the overall reliability of energy supply, lower residential and commercial energy costs and improve life in rural communities. This industry sector is predicted to continue aggressive growth due to the consistently decreasing component and installation costs, improved technical and software efficiencies and the continuing incentives offered by government and international global organizations. The global market for grid-connected residential photovoltaic (PV) solar installations coupled with energy storage is predicted to grow tenfold to reach more than 900 megawatts (MW) by 2018, up from just 90 MW in 2014.