Dilemma

In traditional energy systems, electricity generation and distribution are typically controlled by centralized power companies or grids. However, with advancements in green energy technology and growing environmental awareness, the ancient and massive energy industry, amidst rapid changes in productivity and production relations, is also in need of transformation. The energy industry model that isolates end-users is long overdue for a change.

Beyond the terminal dilemma of continuous depletion of non-renewable energy sources, other challenges of centralized energy systems include:

• low operational efficiency of energy utility companies and regulatory bodies,

• high operational costs,

• reliance on large power plants and long-distance transmission lines by centralized grids, which pose the risk of single points of failure

• lack of information transparency and accuracy for all users

• high capital requirements for users to participate in energy infrastructure

• high costs for building and maintaining centralized grids

• difficulty in meeting the growing demand of future loads

• lack of user motivation and incentives to use green energy

• absence of microgrids in many regions

• lack of investment channels, energy theft in underdeveloped countries

• corruption due to easily manipulated centralized systems, and cyber security threats

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In traditional energy systems, the generation and distribution of electricity are typically controlled by centralized power companies or grids. However, with advancements in green energy technology and growing environmental awareness, the ancient and massive energy industry, amidst rapid changes in productivity and production relations, is also in need of transformation. The energy industry model that isolates end-users is long overdue for a change.