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Energy Challenges
Business must seamlessly integrate renewable energy sources into existing energy infrastructures, requiring upgrades to grids and the development of energy storage solutions.
Integrating Renewables
Improving energy efficiency in industries, buildings and transportation systems is a key challenge, necessitating the adoption of advanced technologies and practices.
Enhancing Energy Efficiency
The energy sector must confront the environmental impacts of energy production and consumption, striving to minimize negative effects on ecosystems and biodiversity.
Ensuring Eco Sustainability
Balancing the investments costs of transitioning to sustainable energy sources while ensuring affordable energy prices for businesses remains a formidable challenge.
Managing Economic Viability
New transmission line technologies are improving power distribution.
Innovations in transmission line technology, such as grid-forming inverters, are improving the reliability and efficiency of power distribution, especially with increased integration of renewable energy sources into the grid.
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IEEE Standards Association (IEEE SA). (2024). Three Energy Trends to Watch in 2024. Retrieved from https://standards.ieee.org/beyond-standards/2024-energy-trends/
Due to the increasing extreme weather events, grid resilience is paramount.
The reliability and resilience of power systems are gaining attention due to the increasing frequency of extreme weather events. Efforts are being made to reinforce grid infrastructure, with standards and technologies evolving to improve the system's ability to withstand and recover from disruptions.
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IEEE Standards Association (IEEE SA). (2024). Three Energy Trends to Watch in 2024. Retrieved from https://standards.ieee.org/beyond-standards/2024-energy-trends/
Electric vehicles (EVs) and vehicle-to-grid integration.
The integration of electric vehicles (EVs) into the grid, particularly through vehicle-to-grid (V2G) technologies, is a significant trend. This allows for the storage and return of energy to the grid, optimizing energy use and enhancing grid stability.
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IEEE Standards Association (IEEE SA). (2024). Three Energy Trends to Watch in 2024. Retrieved from https://standards.ieee.org/beyond-standards/2024-energy-trends/
How exactly can Norgress help?
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Guiding companies in the adoption of sustainable practices and innovative technologies to reduce environmental impact and improve efficiency.
Sustainability & Innovation Consulting
Operational Efficiency
Identifying opportunities to reduce costs and improve operational efficiency without compromising on service quality.
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Technology Adoption & Integration
Recommending and overseeing the implementation of new technologies to enhance energy production, distribution, and consumption efficiency.
Assessing market trends and regulatory changes to help energy companies navigate the evolving landscape.
Market Analysis & Strategy