Posted by: Windfair Editors
GE’s Digital Utility software helps solve grid problems and avoid blackouts
Wind and solar power are intermittent and unpredictable — making them a challenge for energy traders seeking profits. (Image: Chris New for GE Reports)Official Press Release GE Reports:
Renewable Energy Makes Things Tough On The Grid, But New Software Could Help
Many energy experts view Europe as a sort of crystal ball for the energy industry — one that’s showing a decidedly mixed future.
On the one hand, renewable sources like wind and sun provide more power than ever. They are also the fastest-growing sources of energy, accounting for 86 percent of all new generation capacity added to the European market in 2016. On the other hand, traditional power generation (think coal, gas and nuclear) still plays a role. In 2016, more than two-thirds of power in Europe came from nonrenewable sources. Globally, renewables are expected to reach parity with coal and gas around 2040. Nevertheless, the speed with which intermittent renewables — the sun doesn’t always shine and the wind doesn’t always blow —... ... More: Official Press Release GE Reports
- Keywords:
- GE Reports, GE, grid, software, renewable energy
