The need to reduce pollution, reduce conventional fuel use, and boost the efficiency of renewable energy sources such as hydro, solar, wind, geothermal, and biofuels is projected to be the key trend that will promote the use of smart energy generation methods. The use of computational models, better turbine location, enhanced efficiency of rotor blades to mechanical parts inside the nacelle, connected sensors, and software to optimise the efficiency of operations under a wider variety of situations is referred to as the smart wind market.
The addition of advanced algorithms and sensors to these next-generation devices has resulted in greater reliability and the capacity to operate at lower air current speeds. Overall operation costs are lowered as a result of greater reliability, allowing the turbine to capture more energy with fewer downtimes. Furthermore, next-generation low-capacity devices have the capability of producing additional kWhs over time. For example, GE debuted the 2.5-120 turbine in February 2013, which had a lesser power output than its leading 2.85 megawatt turbine. However, it was featured with the calibre because to the integration of arrays of sensors with algorithms.
According to the American Wind Energy Association (AWEA), unsubsidized costs of this energy generation technology in the country ranged from US$ 32 to 62 per MWh in 2016, which was cheaper than the lowest conventional energy source, the gas combined cycle, which cost US$ 48 to 78 per MWh. Furthermore, throughout the last few years, the pricing trend has been on the decline. According to Coherent Industry Insights, as a result of these favourable circumstances, the number of wind farm deployments is predicted to expand by 1.5X in 2016, presenting significant prospects for the smart wind market in the next years.
Smart Wind Market Because the energy output of these sources varies during the day, depending on the winds, they cannot be used to directly provide base loads. Furthermore, the increased expenditure required to enable energy storage technologies such as pumped hydro or batteries would provide a significant growth challenge to the total business. Furthermore, avian mortality rates due to accidents with these turbines have increased significantly in recent years. According to the American Bird Conservancy, annual bird losses in 2012 were expected to be around 573,000. If we expand our reliance on these sources by 35 percent, the number of birds killed each year might approach 5 million.
The United States, which was the biggest generator of energy from these sources, is expected to maintain its position in the smart wind market. According to the Department of Energy's Wind Vision Report from 2015, wind energy will account for 20 percent of all required energy generation by 2030, and will rise to 35 percent by 2050. Increased demand in Europe and Asia Pacific, in addition to the United States as the most lucrative region, will create a solid growth foundation for the smart wind industry. Xcel Energy, GE Power, the National Center for Atmospheric Research, Omniflow, GaN Systems, Nextek Power Systems, and Nebula Energy are among the industry participants.
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