All these new energy projects are starting to saturate the grid. That's why a comprehensive approach is needed to select the best locations for intertying new power generation or storage facilities. The factors to consider are resource availability (water, wind, sunlight), network constraints and priorities at the local and regional levels.
Throughout the project development cycle, it's important to have a solid understanding of the power system's constraints and requirements, as well as new technological developments—especially in the area of energy storage.
Modernizing your assets to extend their service life
Even though renewable energies are still relatively new, many companies are already having to replace outdated equipment and modernize their facilities to increase production and make use of the latest digital technologies.
But before you can adopt new technologies, you first need to check whether the new solutions are compatible with your existing equipment. This will help prevent breakdowns and outages.
Creating value with ESG factors
Environmental, social and governance (ESG) factors can significantly impact your business strategy and increase the value of your projects over the short and long terms. All stakeholders stand to benefit, not just your clients and their investors. In addition to driving up demand for renewable energy, ESG concerns are forcing industrial consumers to re-evaluate how they power their operations. This is creating new partnership opportunities for IPPs.