How can you optimize renewable energy resources in a competitive market?

One of the most important things to look at is the geography of any location to determine what alternative energy method is best then move on to the weather/climate of the area. Understanding and informing the community is also paramount to integrating new technologies.

The key step in assessing resources in investigating local weather and geographics. The best example is GCC countries (hot weather climate), the geographic conditions are very much suitable for Solar energy on which these countries are capitalising.

Determining the best location for Renewable Energy Sources RES depends on ?weather forecasts, ?proximity to consumer, ?proximity to main grid connectivity without congestion , ?better capacity factory of RES ? Intermittency solution based on base load from nearby biomass plant/hydro/nuclear if available ? In case of over generation , either to export to grid/ battery storage or alternatively utilize for green hydrogen production for otherwise curtailed power

I think all municipalities, local councils and districts must appoint energy managers who will be the energy auditors of the area and make sure their areas of concern are energy efficient before installing renewable energy. The local government and national governments should set laws that govern or promote the use of renewable energy. We need to be energy efficient first before we do renewable energy sources as renewable energy is expensive

Co-optimisation of resources is a burgeoning area of renewable energy and efficiency. Consider how your renewable assets can interact with other responsive devices. A simple example of this is EV chargers optimised to use solar export as priority for daily charging. storing this energy in a vehicle battery for travel delivers 5-13x the value of exporting energy to grid (Where typical export energy $0.05, grid energy $0.25 and EV fast charging $0.65 AUD). This can be considered for non battery storage as well, thermal storage in hot or chilled water.

People are educated enough to understand the benefits of green energy but still local government laws and policies are playing a vital rule in utilisation of renewable energy. I believe there shall be incentives/penalties from local government to encourage more renewable energy.

The application of smarter demand management is becoming more and more valuable within the energy market. It is important to consider conventional price signals for energy, but capacity charges play a major factor in bills. There is no benefit to optimising for energy price if it come at equal or greater capacity costs. A wholistic approach to site energy management should include all contributing factors including building efficiency. Where offered consider the value in integrating non-price market responsiveness. This can include reliability and contingency markets where significant value can be provided for fairly novel services.

I disagree partially to the point of storing energy as it may cost more than generating the same amount of energy. Moreover, storing energy in different forms are suitable for advance countries but for 3rd world countries (approx 75% of overall world population), the basic structure and technology of storing will be way more costly than generating it. Realistically speaking, we should think about decreasing the high prices of renewable energy resources than storing it for future use.

In the grid of the future there will be one level of storage system at prosumer's site to store excess for its own use and reduce energy exchange with the grid and one utility scale level of storage to regulate the production from renewable sources in reference with global demand and grid availabiliy.

Consider the interplay of site side energy (tariff) arbitrage and market side energy (wholesale) arbitrage. Typically investment into site side storage (batteries) come with high cost where thermal energy storage utilises existing infra structure. Consider where in your operations it is best to store energy. There is often low hanging fruit that can be accessed with little cost and may be eligible for jurisdiction specific rebates or incentives. There are also opportunities to attract co investment in grid services. the benefits of battery storage often extend beyond the boundaries of a site through the provision or frequency services or capacity firming.

In my home market, essentially 100% of commercial and industrial renewable energy is grid tied under prescriptive standards. Rather conversely to the intention of this prompt, I would recommend the consideration of islanding and the off grid application of your renewable energy. Customers keep non-integrated redundant energy supply assets on call/site to insulate their operations from energy outages. There may be applications of a renewable energy system that provides a degree of local redundancy without incurring additional operation costs.

Sufficiently large generation systems maybe able to reach offtake agreements with other market participants such as energy retailers (where your market supports these mechanisms). Where smaller aggregated systems may benefit from being market exposed. When considering the market price, consider if the end user is net best off with a market exposed price or a tariff arrangement thought their energy retailer. Applications or blockchain and peer to peer trading or networks are often complex, not always feasible and in some jurisdictions not permissible (peer-peer networks in many especially).

Para mi esto es muy vital, el optimizar operaciones Si disminuimos el consumo energetico con una buena gestion de operaciones, ahorrariamos tanto tiempo como dinero. Creo que la excelencia energetica va de la mano con la excelencia operacional, y todo esto va en pro del cambio cultural que debe tener los colaboradores.

When implementing renewable energy resources, most notably solar. Consider what as part of your operations and process can be changed to best utilise your assets. The most common complaint from SME renewable energy clients is that the bill savings they were promised did not materialise. This is often because, their operations did not justify the cost of detailed studies and significant assumptions were made about their behaviors (especially in areas where smart meters are not DNSP standard). For those customers undertaking detailed feasibility studies. Ensuring your scope includes identification behavior driven usage changes, many customers implement un-staged or piecemeal renewable energy systems that don't meet their evolving needs.

The best option is to avoid use, and if we can't, minimize it optimise it. The fact is every energy transition leaves a carbon foot print which can never be zero. So, avoiding to maximum possibility is solution which seems to be weired. The second option is always keeping demand in considerations and avoid over sized systems designed to peak demands which has a compratively lower frequency of occurence. Tackle such peak demands with good strategies and schduling. It is better to keep a horse, rather to feed an elephant just to to serve those peak demands whose occurence may be less than 10%.

Optimisation of renewable energy resources can deliver significant benefits that differentiate your company or site. Consider all outcomes of your project. Environmental and Sustainability Goals, Building Efficiency Ratings, Cost of Operation, Incentive and Rebate Schemes, Market and Ancillary Services are all examples of benefits that can generate revenue or meet strategic outcomes. Build you renewable energy approach holistically and seek expertise.