News
Sep 12, 2024
Financial Times
A Technology Revolution in Electricity and Energy Production and how ENPOSS can contribute in Saving the Electricity
The Solar Revolution
Solar panels were reduced in price by an astonishing 99% in just one generation. That's a revolution in technology and a consequential pivot in the energy landscape.
The End of Fossil Fuel Dominance
For centuries, fossil fuels, including coal, oil, and gas, have dominated the energy scene and underpinned much of industrial growth. However, geoponics instability, environmental degradation, and volatile pricing are classic effects of their hegemony.
Rise of Renewables
Renewable sources of energy, including solar, wind, and battery-based power, are becoming progressively more affordable and efficient. The cost of a wind turbine has fallen by 61% since 1990, while the price of a battery has plummeted by 97% in the same period. In Germany, for instance, solar panels undercut the local price of wooden fences.
A New Energy Landscape
The global energy market is turning towards renewable energy. A virtual power plant where solar panels, batteries, electric vehicles, and the like are connected is increasingly common. Up to 8% of peak electricity demand is already met through such collaborative efforts according to the U.S. Department of Energy estimates.
Challenges and Opportunities
While renewable energy transition has its numerous benefits, it is coupled with various other challenges. Thus, there is a need, therefore for policymakers to craft an enabling environment for the growth of renewable energy by investing in infrastructure, streamlining regulations, and modernizing grids. The finance industry also needs to come on board to enable the provision of accessible financing mechanisms to households and businesses to embrace renewable energy use.
A Clean Future
The future of energy, surely, looks bright. Renewable sources of energy are clean and abundant. As time moves on, they are growing more economical. We can create a more resilient and sustainable energy system for the future by embracing this transition.
Energy Saving with ENPOSS
ENPOSS was a leading organization in creating some varieties of energy saving technologies. Its solutions save energy for electrical systems and shorten the time for it to be efficient. One of its leading products is the FORCE, a device using special technology called EMF-7 in optimizing energy usage.
This is a breakthrough technology that has so far been relying on natural particles and minerals to step up electricity flow. On this end, EMF-7 resolves the issues like heating, buzzing, and vibrations thereby making systems perform well and efficiently in electrical systems.