Telecoms to invest $31bn on grid reliability.
Power stability is a key element for telecoms as they streamline their services to connect people and products in a world where real time collaboration is increasingly a daily necessity.
The need for a resilient grid system is expected to drive global telecommunications network providers into a total investment of more than $31 bn from 2015 through 2024 on distributed generation (DG) and energy storage (ES) systems, says a new report from Navigant Research.
Power stability is a key element for telecoms as they augment their services to connect people and products in a world where real time collaboration is increasingly a daily necessity.
DG and ES solutions are becoming major tools for network providers to reduce energy costs and insulate operations from grid unreliability.
“The telecommunications industry has been in a constant state of change in an effort to keep people connected,” says Richelle Elberg, principal research analyst with Navigant Research.
“Ensuring the reliability of these lines of communication is of the utmost importance for network providers.”
The use of solar photovoltaics (PV) in the telecommunications industry has mirrored the growth of solar PV in society at large and is now a common feature on remote telecom assets, according to the report.
This correlation is spurring companies to develop new business models that make hybrid systems incorporating distributed renewables for remote telecommunications deployments more attractive.
The report, Distributed Generation and Energy Storage in Telecom Networks, analyses the global market for DG and ES technologies in the telecommunications industry. These technologies include reciprocating gensets (both diesel and natural gas), fuel cells, solar PV, battery-based uninterruptable power supply (UPS) systems, and complete microgrid-nanogrid solutions.