The demand for electrical energy has increased tremendously over the last 25 years; its importance is such that it is now a vital component of any nation’s economic progress. Increase in population has increased the energy requirements, coupled with the industrialization & socio-economic responsibilities; the energy supply has not kept pace with the demand. This has led to a bleak energy scenario whereby power generation and utilization from alternate energy sources has become very much a necessity. In the industrial context, electrical energy is used to produce a desired output, given the availability of all the relevant raw materials. For a nation to progress economically, the industrial sector has to be constantly encouraged and developed, but as the number of industrial units / sectors increase, energy demand and consumption also increases. The industrial sector is the largest consumer of all the electrical energy that is commercially generated for utilization, and process industries like fertilizer, cement, sugar, textile, aluminum, paper, etc.; are extremely energy intensive in nature. To reduce the increasing demand-supply gap, either more industrial energy has to be generated or the existing consumption of energy has to be brought down without any compromise on either product quality or quantity. The rate of growth in the domestic sector easily outnumbers the industrial sector. In the event of power shortage, industrial sector gains precedence over other sectors, thereby, domestic sector always bears the brunt of long or constant power cuts. The impact of rising energy cost has a disastrous impact on the day-today activities of industrial and domestic consumers wherein the prices of commodities, products and even essential services tend to cost more. One option is to improve the working efficiency of the process and systems. This will ensure the reduction in the product cost in addition to efficient energy management. The other option is the use of energy derived from non-conventional energy sources i.e.; ensure a balance between conventional and nonconventional energy sources in the process. With depleting coal reserves, it is very essential to develop the renewable energy technology so as to be an alternative option. Amongst the various renewable energy sources, solar energy is the best possible option and finds application in most of the domestic and industrial processes.