Emerging Economies Open New Avenues for Growth for Players in Hybrid Power Systems Industry
The declining costs of hybrid power systems owing to the rise in the use of renewable energy sources are making them an economically attractive and eco-friendly solution. The lower environmental impact is making hybrid power systems a potential replacement to traditional diesel power generators. While pure diesel power generation for industrial consumers in remote locations leads to increasing operational costs, PV-diesel hybrid power systems offer liberation from escalating diesel prices and also reduce operating costs. PV-diesel systems also offer efficient...
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