Energy Service Companies (ESCOs) to Optimize Power in Peak Demand Period in Hybrid Energy System: An Impact on Climate Change

This paper has illustrated on how ESCOs (Energy Service Companies), and ESCOs groups and ESCOs chains or e-energy service companies in the Smart-Grid network can optimize the national power shortage problem in peak demand period. It is a virtual service value network based on supply chain network of various energy trading companies. This proposition also helps to minimize the adverse challenges of climate change utilizing renewable energy resources at this service value network integrating into repository of conventional energy resources, thus reducing CO₂ emissions percentage and ultimately enhancing a green power scenario. This paper has focused on the integration of renewable energy, specifically the solar energy resources into conventional electric grid and deployment of smart architecture of hybrid energy system for sustainable development of the rural and urban sector. A concept of next generation mobile smart-grid city for efficient real-time collaborative use of renewable and non-renewable energy sources at smart user-centric device for sustainable green environment in the context of climate change is proposed, which with the chain of ESCOs can reduce CO₂ emission ultimately with synchronization of all entities in the virtual network of Smart-Energy scenario. The cost proposition of for integrating distributed renewable -solar energy resources to the electricity grid is analyzed in this paper.