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Big Data is a term that refers to extremely large data sets of previously untapped information that, with emerging technologies, is now able to be analyzed by computers to reveal patterns and trends previously unknown. The economics of the renewables industry will drastically shift when we fully incorporate Big Data.
The energy sector will begin to use Big Data in combination with new sensor technology to maximize the efficiency of renewables and create what is essentially a “virtual grid”. Here’s how the plan is slated to work: Sensors on solar panel technologies will gather real-time data measuring sunlight intensity. Panels that are IoT capable, like ClearWorld’s thin film flexible panels, will transmit that intel back to advanced computers that measure the sunlight intensity against Big Data collected from weather stations, satellites, and radar to more accurately predict power generation needs ahead of time. These more precise estimates will allow for increased efficiency in two ways: companies will be able to deploy only the number of resources needs and grid operators will be able to more accurately manage customer demand.
Incorporating Big Data will drive down the costs of renewable energy in a growing market with already shrinking costs. ClearWorld is committed to making sure our users have the latest technologies at a fair and competitive price.
How Big Data changes the economics of renewable energy