While bare eyes can readily identify today’s central power plants due to their electrical structure, cables and transformers, we expect the future to bring changes to the general power generation infrastructure. Large generation sites of diversified energy sources give, often inadvertently, a certain distinction to their surrounding landscape. Yet, a technology leap involving solar PV, energy storage and the integration of AI will have an impact on the power generation layout in the near future.
Over the past decade, costs trends within the renewable energy sector have been dramatically decreasing, making wind (as discussed in our post “Wind Energy LCOE Breakdown”) and solar two of the most competitive energy sources.
Blockchain, in particular Bitcoin, is well known within the energy industry for having an enormous power demand, mostly fed by dirty coal-fired power of China. This stigma, however, is correct but doesn’t say anything about the technology per se. Every single revolution of the past as well as in the future has and will require excessive amounts of energy, as any sort of movement depends on energy triggers to take place. The entire, worldwide, Bitcoin network currently consumes as much power as a state like Syria, and one Bitcoin transaction needs the CO2 equivalent of 679,430 Visa Credit Card transactions.
Within this blog, we will talk about solar photovoltaic (PV) by starting to elaborate on basic knowledge facts and get deeper into the rabbit hole by focusing on all aspects of this technology.