Active Network Management Market 2022 | Present Scenario and Growth Prospects 2030 MRFR
Active Network Management: Improving Grid Resilience and Flexibility
The increasing integration of renewable energy sources into the power grid has led to a growing need for more flexible and resilient grid management solutions. One such solution gaining traction in the energy sector is Active Network Management (ANM).
The active network management (ANM) market is expected to grow at USD 3.3 Billion by 2030 at a CAGR of 14.60% from 2022-2030.
ANM is a system that enables real-time monitoring and control of distributed energy resources (DERs), such as solar panels and energy storage systems, in order to optimize their performance and reduce their impact on the grid. ANM allows for the integration of large amounts of DERs, while ensuring grid stability and reliability.
ANM works by actively managing the flow of energy in the grid, rather than simply reacting to imbalances or emergencies. It uses advanced analytics and control algorithms to monitor and manage the distribution of energy, taking into account factors such as weather conditions, peak demand times, and the availability of renewable energy sources.
One of the key benefits of ANM is its ability to reduce the need for costly infrastructure upgrades, such as building new power lines or substations. By optimizing the use of existing resources, ANM can minimize the strain on the grid and reduce the need for additional infrastructure investments.
ANM also offers significant benefits for renewable energy providers, by enabling them to better integrate their resources into the grid and make use of excess energy that would otherwise go to waste. By optimizing the use of renewable energy sources, ANM helps to reduce carbon emissions and move towards a more sustainable and resilient energy system.
ANM is already being used in a variety of contexts, from small microgrids to large-scale distribution networks. For example, in the UK, ANM is being used to integrate renewable energy sources into the grid and manage demand at a community level. In Italy, the Enel Group has been implementing ANM since 2010 across its distribution networks, enabling the integration of large amounts of renewable energy sources and enhancing grid resilience.
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Despite its many benefits, there are also some challenges associated with implementing ANM. One of the biggest challenges is the need for accurate and reliable data, as ANM depends on real-time data analysis in order to make effective decisions. Additionally, ANM requires collaboration and coordination between multiple stakeholders, including energy providers, grid operators, and regulatory bodies.
However, as the need for more flexible and resilient grid management solutions continues to grow, it is likely that ANM will become increasingly important and widespread. By optimizing the use of renewable energy sources, reducing infrastructure investments, and improving grid resilience, ANM represents a powerful tool for building a
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