Low Operational/Maintenance Costs to Fuel Hybrid Power Solutions Demand!

According to a report Grand View Research, Inc., the worldwide hybrid power solutions market is predicted to reach at USD 1.35 billion by 2025. The hybrid power solutions are designed using combination of different technologies to produce energy for various applications such as residential, commercial, and telecommunication sectors. These systems are broadly categorized into solar-diesel, wind-diesel, solar-wind-diesel, and others. Such systems combine renewable energy sources in combination with secondary sources like diesel or fuel cell.

In the recent past, Eos Energy Storage (“Eos”), inventor of Znyth battery technology, declared an alliance with Siemens for integrating, installing, and for providing energy storage facilities. Eos has modified its patented Znyth technology in a modular, pre-integrated, outdoor-rated enclosure named Energy Stack. The two companies have developed an energy storage system with AC power conversion and panels that allow modular installation and easy maintenance while reducing the costs of the project development cycle. The developed system also provides utilizes an economical alternative for system upgrades and a resource pf detachable hybrid power to renewable energy designers.
Hybrid power solution markets


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In 2018, Off Grid Energy, a producer of energy solutions for automotive, marine, and construction introduced its new range of Universal Hybrid Power Unit called gridtogo Ingenium Series at Executive Hire Show (EHS). The new Ingenium Series features V50 power battery technology and can be available with either Lithium-Ion battery technology or single-string OPzV-S lead acid technology. The series also features an ESI touch interface with remote connection, and smart-switch bypass to maintain system consistency. The company also presented a range of other hybrid units such as the gridtogo NANO, which is a hand-portable unit which can be used as an alternative to petrol generator.

Growing awareness about global warming and strict policies for reducing CO2 emissions are expected to be the kay growth-drivers for the global hybrid power solutions market. In addition, low functioning and maintenance costs of these systems can also propel market demands over the next few years. Key players operating in the market include Siemens AG, PFISTERER Holding AG, SMA Solar Technology AG, Alpha Power Solutions, and AEG Power Solutions.

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