With AI-enabled devices able to take the money-saving efficiency of lithium batteries to an incredibly granular level, research by Inion Software shows simple changes by inverter manufacturers would enable devices of almost any age to be "smartened up."
When choosing a solar power plant, individuals and businesses pay the most attention to its power – after all, this will determine how much electricity will be produced. Other equipment, systems and sensors that allow monitoring and analysis of the operation of the power plant are often underestimated. But they shouldn’t be: the solar power plant will be used for several decades, so various failures and poor-quality monitoring can have a significant impact on the efficiency of electricity production.
At the end of 2021, the total capacity of the solar power plants throughout the world was estimated to be 940 GW. According to the forecasts of solar association SolarPower Europe, the total capacity could reach 2 TW by 2025. With the rapidly growing popularity of solar power plants, experts predict that the next breakthrough in this sector will be smart batteries. In the future, solar power plants will not be able to operate without them.
„Our rapid growth is a natural consequence of the fact that the entire solar market is growing just as fast. Our success depends precisely on how quickly we learn to adapt to this overall market growth. For example, in 2020, we had 50 solar power plants connected to our system, while in 2021, we will have 200. And the results of the first quarter of this year only confirm our ambitions, which are growing year by year. They make it increasingly possible to confidently predict that 2022 will be the company’s most productive year in its relatively short history. In addition, Inion Software plans to attract investments this year, and the proceeds would be used for even faster development,“ says Šarūnas Stanaitis, CEO of Inion Software.