Importance Of Energy Essay

Energy is most fundamental parts of our universe and most essential part of everyone’s life. Among all kind of energy, electric energy is the most important that people need every day and every part of their life. The energy consumption is expected to grow about 60% in the next two decades throughout the world. As a large part of the total energy is provided by fossil fuels, the future of the world economy growth is highly dependent on whether the ever-increasing energy demand can be met. Fossil fuels are not ever lasting and economic crisis may happen if world economy will heavily dependent on them in future. Electrical Power is one of the most critical components of infrastructure, crucial for the economic growth and welfare of nation. India’s substantial and sustained economic growth is placing enormous demand on its energy resources. The demand and supply imbalance in energy sources is pervasive requiring serious efforts by Government of India to augment energy supplies to meet future power demand. During the process of generating and using electrical energy with today’s …show more content…
Renewable energy resources gives significant opportunities for energy efficiency exist over wide geographical areas, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of renewable energy and energy efficiency, and technological diversification of energy sources, would result in significant energy security and economic benefits. The renewable energy can perform more efficiently and cost effective, when different sources of renewable energy integrated with each other and used as hybrid power system. Hybrid Power Systems incorporate several electricity generating components with usually one major control system which enables the system to supply electricity in the required