The longer term players in the industry have definite roadmaps that focus on achieving the goal of making solar power competitive over the long term.
The biggest trend we're seeing in the U.S. is the development of new tools to help customers overcome the financial hurdles of going solar.
To learn more about the future of renewable energy, checkout the infographic below created by the New Jersey Institute of Technology
Residential Energy Generation and Storage Will Reach $71.6 Billion in Annual Revenue by 2023, Forecasts Navigant Research
Solar photovoltaic (PV) panels, which enable customers to generate some of their own electricity and sell unneeded power back to their utility, are the most visible form of the broad disruption caused by distributed energy resources (DER). The growing affordability of DER technologies is altering utilities’ traditional relationship with residential customers by giving customers greater control of their energy consumption. According to a new report from Navigant Research, worldwide revenue from all forms of residential distributed generation and energy storage will grow from $52.7 billion annually in 2014 to $71.6 billion in 2023. “Rooftop solar PV is just one of the technologies that are transforming the traditional residential power industry,” says Neil Strother, principal research analyst with Navigant Research. “Some of these technologies, such as residential combined heat and power, are in the early stages of market development, while solar panels are more mature. Nonetheless, these energy innovations and attractive financing mechanisms provide residential customers with new options.” One key driver for this sector, according to the report, is continuing advances in new technologies, such as more efficient energy storage systems (ESSs). These advances, along with government subsidies for ESSs, often in the form of feed-in tariffs, are enabling the combination of rooftop solar PV systems and residential energy storage in order to collect and store energy for use when sunlight is unavailable or there is a power outage.
The Environmental Protection Agency on Monday released a draft rule to regulate carbon emissions from hundreds of fossil-fired power plants across the U.S., the cornerstone of President Barack Obama's climate-change agenda. The proposed rule mandates that power plants cut U.S. carbon-dioxide emissions 30% by 2030 from levels seen in 2005, an aggressive target that marks the first attempt at limiting such pollution. The carbon framework seeks to strike a balance between what environmentalists want—an ambitious overall target—with what the utility industry wants—flexibility, a long compliance timeline and an earlier base-year calculation from which to meet the goal. Carbon emissions have dropped since 2005, making the overall reduction smaller than it would have been if the EPA had used a more-recent year for a baseline.
Not all of these technologies will make it out of the concept stage, and many are decades away from becoming practical. What may seem weird today might just be a reality in the future.
News announcements from show. Open for exhibitors - publish your news here.
REC Solar has developed new solar financing partnerships that are tailored to the needs of non-profits, such as churches, hospitals, HOA's, and charitable organizations.
Lithium is an essential component of batteries for small electronics and large electric vehicles as well as for materials for the housing and construction industry. In this interview with The Mining Report, economist Daniela Desormeaux, founder of signumBOX and widely quoted expert on industrial chemicals, shines a light on the lithium industry for investors looking for a new opportunity.
Not all custodians will accept IRAs that invest in alternatives but there are many that have specifically developed the expertise to serve this market.
The demand on electrical power systems, causing shortages, quality problems, rolling blackouts, and price spikes have caused utility customers to seek other sources of high-quality, reliable electricity.
Although the environmental risks and liabilities associated with brownfields generally diminishes their viability as locations for such facilities, these risks and liabilities can often be sufficiently controlled and minimized through governmental and private party tools to make certain projects worth pursuing.
But Solar came second - twice as much as coal - and Wind was 4th (comment from AltEnergyMag)
Hopefully, we won't have to deal constantly with misinformation like Mulder and Scully had to when jousting with their malevolent arch-nemesis, the Cigarette Smoking Man. However, be prepared to do some digging to get at the facts.
As variable, distributed generation increasingly becomes a prevalent source of generation in regions, changes in capacity market dynamics will have a profound impact on generating assets and their future economic viability.
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