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“PAIR AND GAIN”
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SCENARIO FOR SOLAR INSTALLATION IN INDUSTRIES
In the year 2022, Malaysia's solar energy capacity reached 1.93 thousand megawatts, a slight increase from the previous year's figure of 1.78 thousand megawatts. For the past decade, the country's capacity for solar energy has experienced a steady incline, commencing from 139 megawatts in 2013. The surge in solar capacity is attributable to the participation of industries in the NEM campaign and subsequent installation of solar panels. However, the profitability of this initiative remains to be determined for these industries, as it necessitates a long-term obligation of 21 to 25 years with the solar panel installer.
STRETCHINGTHE SOLAR INSTALLATION FOR HIGHER YIELD
Despite having full sunshine during the day, the generated solar power can only last for up to four hours, which is insufficient to maintain operations for the remaining 20 hours.
This could be due to various reasons such as the capacity of the power source, the energy consumption of the device, or other factors impacting the performance of the power source. It is essential to evaluate these factors to ensure that the power source is capable of providing enough power to sustain operations for the desired duration.
HYBRID SOLAR BUSINESS
Hybrid Solar Solutions is a highly promising business concept committed to providing innovative and sustainable hybrid solar solutions. We aim to provide businesses with reliable, efficient, and environmentally friendly energy solutions. We understand the need to address the growing demand for clean energy and cheaper sources worldwide. To that end, we are committed to integrating solar energy with complementary technologies, such as our Compressed Air Buoyancy system, to ensure a reliable power supply while simultaneously providing the most cost- effective power source.
PAIR IT AND GAIN
The industry trend is to adopt solar energy as a primary power source. This greener and more sustainable alternative helps reduce reliance on fossil fuels. However, to further enhance the efficiency and savings associated with solar energy, complementary technologies can be paired with it. One such technology is the Compressed Air Buoyancy system. This system utilizes compressed air to store and release energy as needed. By combining the Compressed Air Buoyancy system with solar installation, industries can experience even more significant savings. This is because the system can store excess solar energy during peak production hours and release it during periods of high demand. Overall, the Compressed Air Buoyancy system is a valuable addition to any solar installation, helping to reduce energy costs further and increase sustainability.
The solar installation is designed to generate power using solar panels. The installed capacity of the solar installation determines the amount of energy that can be generated. However, the solar panels generate power only during the day when the sunlight is available. During the night or on cloudy days, the solar panels may not generate enough power to meet the energy demands of the clients. To ensure an uninterrupted power supply, a client can install the Compressed Air Buoyancy system to store the surplus energy generated by the solar panels during the day. The system can regenerate and release the stored energy when the solar panels are not causing power, ensuring continuous power supply even at night or on cloudy days. Installing the Compressed Air Buoyancy system and the solar installation can benefit the clients. It can maximize the utilization of solar panels by ensuring that the surplus energy generated during the day is stored and used efficiently. It can also provide backup power during power outages and reduce the reliance on the grid power. Additionally, it can help reduce the power purchased from the grid.
HOW DOESTHIS PLAN WORK?
CHARGING THE CLIENT
The Compressed Air Buoyancy system is a state-of- the-art power generation system designed to provide a reliable and efficient source of energy for clients. To obtain the system, the client must first make a minimal payment of a three-month deposit. The system's power generation capacity will be customized to suit the client's daily power usage, ensuring optimal performance and efficiency. After the deposit is made, the client will sign a leasing contract that can last for 21 to 25 years. The monthly amount paid by the client will be based on their power consumption, which is calculated using a rate of RM0.21 cents per kilowatt hour (for example). This means that the client only pays for the power they use, making the system an affordable and sustainable solution.
EXAMPLE SCENARIO
For example, if the client's monthly power consumption is 500kWh, equivalent to 360,000 kW per month, they will pay RM75,600 monthly for the 21 to 25-year contract. This payment structure ensures that the client can budget accordingly while enjoying the benefits of the Compressed Air Buoyancy system. Overall, the Compressed Air Buoyancy system is an innovative and reliable solution for clients seeking a sustainable and cost-effective energy source. With the ability to customize the system's power generation capacity and a flexible payment plan, clients can enjoy peace of mind and long-term savings.
EXCESS ENERGY
The package deal offered to clients is a highly beneficial opportunity that allows them to make the most of their resources. By selling their excess energy to electric vehicle owners, clients can help the environment and generate additional income. In addition, the agreement includes the installation of an energy charging station on the client's premises. The charging station is specifically designed for electric vehicles and is an excellent way to attract EV owners to their location. This is a significant advantage for businesses looking to attract environmentally conscious customers. A dedicated app has been designed for clients to benefit from this program. This app provides all the necessary information about EV charging stations participating in the program. It allows clients to access the charging stations and available energy for purchase easily. The app also provides real- time updates on the available energy levels, making it easier for clients to plan their charging requirements.
CHARGING THE EV CLIENT
If the client operates their business for 16 hours a day, they can sell their excess energy to EV owners for up to eight hours. This means that clients can benefit from their excess energy by earning additional income from selling it to EV owners who need to recharge their vehicles. The average price for selling the extra energy ranges from RM0.55 cents to RM1.20 per kilowatt hour, depending on the type of chargers used. The package deal offers a comprehensive solution that helps clients maximize their excess energy. This package deal provides a way to generate additional income and attract environmentally conscious customers to the client's location, which can help enhance their reputation as a green business. Overall, this package deal is an excellent opportunity for clients to utilize their excess energy, earn additional income, and promote sustainable practices, all while providing a valuable service to EV owners.
EXPANDING THE BUSINESS
Southeast Asian countries increasingly prioritize solar energy in order to transition towards renewable energy sources. As a result, they have been increasing their installed solar capacity and investing significantly in this sector. Research firm Rystad Energy predicts these investments will continue to grow and exceed $76 billion from 2023 to 2025. This shows the region's commitment to renewable energy and the continued growth of the solar industry in Southeast Asia. By expanding the hybrid solar installations in the region, this business model has a bright prospect of becoming one of the solutions to address the growing concern about the reliability of solar energy.
CONCLUSION
Elquator has developed a series of innovative hybrid solar solutions that are poised to revolutionize the renewable energy industry. Our ultimate objective is to provide sustainable and eco-friendly energy solutions that address the energy needs of residential, commercial, and agricultural sectors. The business plan outlines our strategic approach to market entry, product development, and revenue generation. By leveraging our expertise in the field, you can become a crucial player in the hybrid solar solutions market.
In sum, this technology can significantly impact the renewable energy industry.
Our innovative hybrid solar solutions and our strategic approach to market entry and revenue generation will enable us to realize our vision of contributing to a sustainable and eco-friendly future.
ELQUATOR HOLDING BERHAD (1374536-P) No 1, Jalan P4/8B, Palm Industrial Park, Bandar Teknologi Kajang, 43500 Semenyih, Selangor, MALAYSIA
Tel: +6(03)87260207 www.elquator.com
www.elquatorwindturbine.com www.elquatorsmartenergy.com
wantamjamalullail-01/2024
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