This year's forecast from BNEF sees solar energy costs dropping a further 66% by 2040, and onshore wind by 47%, with renewables undercutting the majority of existing fossil power stations by 2030
Utility-scale solar prices fall below $1/watt for first time; capacity expected to triple over next five years.
With the market growing so rapidly, consumers need to understand which product best suits their household's energy needs. Again, the key is starting with a customer's energy usage and determining how they will use an energy storage system.
In a VPPA, the electricity that's produced is sold into the local grid while the corporate offtaker receives credit for the renewable energy to address the emissions from the electricity consumption from traditional sources.
Renewable energy and rural areas are mutually beneficial. As the green energy industry continues to grow, you need to know where to expand next. And rural areas are the place to go for success.
Renewables are expected to cover more than 60 percent of the increase in world electricity generation over the medium term, rapidly closing the gap with coal.
As more smart home and storage products become available, it is easy to imagine a world where consumers have much more control over how they use their energy.
According to SNL Energy, the economic value of energy storage at maximum market potential in the U.S. is $228.4 billion over a 10-year period.
The thing to realize is that alternative energy is no longer a novelty. It is being driven these days, not so much by political agendas and idealism, but by powerful market forces.
A Certificate of Occupancy on a building constructed of 60 Intermodal Shipping Containers is a huge accomplishment for Paul Wever, president of Chip Energy Inc.
Sewage-to-energy would cut costs, and reduce greenhouse gas emissions. Industry calculations show that if all biosolids in the United States were converted into biomass energy, they would yield 7 million to 7.6 million megawatts of energy, while the existing capacity of wind power in the United States is approximately 43,000 megawatts.
We spoke with Tom Lindberg and Stein Amble Haugan, Managing Director and Key Account Manager of ECOHZ, who attended the World Future Energy Summit (WFES) in Abu Dhabi 17-18 January 2017.
Renewable energy insurance provider Lycetts provide an independent and in-depth analysis of the future state of EU renewables; read on to find out more about its future after Brexit.
Our findings show that industry experts are optimistic about the pace of innovation in the low carbon space, and shed light on which technologies will have the most impact on the sector.
Adding backup power provides a tremendous value to the customers in certain areas with unreliable grid. In combination with other values, this is a trend that is producing a very strong demand - stronger than we initially thought.
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