According to Mr. Lumbley, the inherent vulnerabilities and flaws of the existing grid system stem from its physical behavior. The vastness in the generation, transmission, and distribution of power leads to physical complexities that increase with growing interconnections. Moreover, power system failures and blackouts can bring factories and other critical plants to a standstill. Often referred to as distributed generation sources, microgrids which are localized energy units can overcome these predicaments. Besides being an alternative to large-scale energy production models, microgrids make the power system self-sustained in the event of some major occurrences including voltage surges and blackouts.
Referring to a use case, Mr. Lumbley recounts the story of one of Frigitek’s cold storage projects in Millville, NJ where ARG successfully implemented its solutions for load management and emission reduction, thereby saving a significant amount on operational cost. Much before the project implementation stage, ARG evaluated the client’s geographical region and the environment in order to customize its solution to the highest degree of optimization. This approach allowed the company to quickly identify the technology to be implemented for effective operational cost savings. They installed a battery storage equipment along with the Viking Cold thermal component that maintained the temperature around the cold storage. This helped the client to manage daytime peak demand and achieve permitted carbon credit limits.
Being the lowest cost option among renewable energy resources, solar energy is becoming an economical choice for green power. By using its innovative energy solutions, ARG ensures that the assets outperform the expectations, which according to the firm is a remarkable testament to the technology they use. Lumbley believes that collaboration between different key players in the market and uniform standardization can make the technology landscape of the energy industry touch new highs. He adds, “Best solutions when brought together will form an ultimate solution that can meet the energy demands of today and the times to come.”
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Company
Alternative Resource Group (ARG)
Headquarters
.
Management
Michael Lumbley, COO
Description
A clean energy project development group and its blockchain based energy management and transaction platform