https://www.engineeringnews.co.za
Africa|Business|Energy|Gas|generation|Power|PROJECT|Projects|Renewable Energy|Solar|Storage|Sustainable|System|Technology|Training|Power Generation|Solutions
Africa|Business|Energy|Gas|generation|Power|PROJECT|Projects|Renewable Energy|Solar|Storage|Sustainable|System|Technology|Training|Power Generation|Solutions
africa|business|energy|gas|generation|power|project|projects|renewable-energy|solar|storage|sustainable|system|technology|training|power-generation|solutions

Hybrid solution offered to big energy consumers

An image of Cresco director Robert Futter

ROBERT FUTTER Cresco director Robert Futter believes that a hybrid energy system is the future of energy in South Africa

12th April 2024

By: Trent Roebeck

Features Reporter

     

Font size: - +

Project finance and transaction advisory firm Cresco has recently supported South African mobile telecommunications corporation MTN in acquiring a hybrid energy system solution that incorporates diverse energy generation and storage sources, including gas, solar photovoltaic power, diesel generation, grid power and a battery energy storage system.

The five-tier hybrid system enables corporations to avert the negative impacts of loadshedding on in-house business processes and accommodate the process of load shifting.

“An optimal energy mix is key to a functioning and sustainable grid. Unfortunately, South Africa has limited technology options, and, in some cases, technology is not advanced enough,” says Cresco director Robert Futter.

Cresco aims to assist large corporations in procuring renewable energy (RE) solutions.

Cresco also helps organisations to adequately “decipher” the most effective ways of generating and storing the power that they collect from various sources to allow for the continuation of business without being affected by grid instability and loadshedding.

The company is also dedicated to helping clients understand the various viewpoints being offered by so-called energy experts, which often contributes to what Futter refers to as “energy noise”.

In doing so, Cresco intends to enlighten its clients regarding facts about energy and power generation technology, and the most appropriate options available to address related issues.

“In our typical engagement with clients, we do some energy one-on-one training, which covers key issues, myths and realistic scenarios and interventions that can be achieved,” says Futter.

Cresco also enables companies to move towards net zero, and meet decarbonisation targets and RE goals – factors that are becoming increasingly important worldwide.

Going forward, using its database of more than 200 real-life projects, Cresco has prepared an outlook for the energy market until 2040, which includes factors such as RE penetration levels, grid emission factors, all-inclusive cost of energy scenarios and a potential day-ahead pricing of energy.

Edited by Nadine James
Features Deputy Editor

Comments

 

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024
Photo of Martin Creamer
On-The-Air (10/05/2024)
10th May 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.396 0.459s - 273pq - 2rq
Subscribe Now