The power sector is facing new challenges that are rising fast, and the only way to meet these challenges successfully, is to find innovative solutions to them. In this article, we shall explore some of these challenges and understand how they are being met by a leading energy solutions provider.

1. Balancing Baseload Power and Renewable Resources

A major challenge faced in today’s era is to find the right balance between baseload power and renewable sources of energy; and if this balance is neglected, it can lead to insecure energy supply. A sustainable way to mitigate this issue is to maintain high levels of flexibility and agility in the power plant. High flexibility in a plant is marked by a high ramp rate, fast start-up & shutdown capabilities, and ability to operate at lower loads. This way, the plant can adapt better to varying demands and capitalize on higher revenue opportunities as they arise.

2. Disruptive Technologies

The energy industry like many others is being disrupted with the coming of new technologies. Renewable sources of energy, an increase in decentralized energy supply, cheap shale gas, have an impact on the energy sector.

This requires power plant owners and managers to stay ahead of the curve so that their business remains relevant. Plant managers can collaborate with energy startups so that they have access to all the latest technologies and can modify their plant's flexibility to prepare them for times of change.

3. Changing Environmental Regulations

The environmental regulations are becoming more stringent in India and in other countries with the increasing demand for reduced emissions. This is likely to strengthen and drive the investment towards utility-scale renewable sources of energy, energy storage, and other green energy initiatives.

To cope with these changes, power plants across the nation have adopted upgrades and retrofits that have dual benefits: they help limit emissions and also incorporate renewable energy into production. These upgrades come at a cost. They require additional maintenance and servicing on a frequent basis to ensure their optimal functioning appropriately as well as compliance with environmental regulations.

Considering the aforementioned challenges, owners of power plants are now shifting from reactive maintenance to proactive maintenance. This means that they are finding ways to predict failures instead of reacting to them as they arise which can be a costly affair.

If you are seeking to procure power plants for your energy needs, you must consider the Thermax Group. Their power division offers power plants for industry and independent needs on an EPC basis. Minimum time delivery, affordable costs, and high performance are some of the key benefits you can expect from Thermax. Their overall power plant operations and management services include domain experts for plant operations, consumable, chemical, and spares supply, and complete customer support.