Artikel 13.09.2023

Renewable Energy: The Power and Challenges

Renewable energy has proven itself to be a powerful and sustainable source of electricity. Solar and wind, two prominent players in the renewable sector, have contributed to a cleaner and greener energy production. While it is a great source of sustainable power, renewable energy also has its challenges.

Renewable energy is not a constant energy source

One of the biggest challenges of renewable energy is the unpredictability of production. Unlike nuclear energy, which is always available, solar and wind energy are dependent on natural elements. This leads to strong price fluctuations throughout the day.

When the sun is at its peak, we enjoy an abundance of energy. This leads to an oversupply on the market and pushes energy prices down to very low, sometimes even negative, values. It is a sunny side of renewable energy, literally and figuratively. But when the sun sets and the wind dies down, we experience a shortage of energy, resulting in rising prices.

These fluctuations in energy production and prices raise an essential question: how can we address this imbalance and stabilize our energy grid?

To address these challenges, a two-pronged approach is required. First, we need to ensure that we produce enough energy when the sun is shining, in order to meet demand during periods with less sunlight, such as the winter. However, this can lead to an oversupply of energy in the summer, when there is a lot of energy being produced and prices are low.

This is where the concept of “positive” and “negative” energy comes in. Positive energy refers to the energy generated that we use ourselves. Negative energy is the excess energy that we have to inject at negative prices, often in situations where the energy grid is unable to absorb the extra energy.

All in balance

In this regard, Kioz offers a promising solution. By investing in a large capacity on your site, a constant supply of energy is guaranteed throughout the year. While this can lead to surpluses when energy prices are low or negative, Kioz is actively engaged in finding solutions. Instead of wasting energy, you store the excess energy in batteries. Additionally, Kioz actively seeks out other businesses that need green energy, and thus rebalances the energy supply.

Balancing renewable energy is a complex and evolving task, but with innovative solutions like those of Kioz, we can shape a sustainable future in which green energy is not only powerful, but also used in a smart and balanced way.

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