The drivers of growth are threefold: price parity with traditional energy sources, a greener footprint, and a government push towards cleaner energy.
In sustainability terms, RMI estimates that electrification and deployment of renewables in the mining industry could reduce up to a gigaton of carbon emissions from the sector.
Solar Energy Index Outperforms S&P in Q2 2017
Industrial biotechnology has diversified and demonstrated the ability to impact more than just biofuels and bioplastics. The industry is producing renewable chemicals as direct replacements for petrochemicals in food, cosmetics, and personal care. The result is sustainable consumer products with new attributes and qualities that people use on a daily basis.
Looking forward, energy efficiency employers project the highest growth rate over the next 12 months (about 9 percent) while the [fossil] fuels sector reported it expects a decline in employment of about 3 percent over the same time period.
In March, renewables provided 21.6 percent of the nation's net electricity generation compared to nuclear's 20.34 percent. In April, that lead jumped to 22.98 percent compared to 19.19 percent from nuclear.
Hawaii's PUC allowed the utilities to end their popular net metering programs and replace them with the Customer Self Supply program. The CSS program requires zero exportation of self-generated power back to the grid, which can most-efficiently be accomplished by integrating battery storage into the system.
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.
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