Are you ready to see the newest developments in renewable energy technologies?
Clean energy is a worldwide goal and we’re several steps closer to that goal. The year 2019 gave us a lot of headway toward reaching clean and sustainable energy.
Cost efficiencies and increased consumer demand are driving sustainable energy as preferred sources. Other trends include innovations in reliability and energy storage. If you want to read more about the news and trends on our advancements in renewable energy, keep reading.
1. Energy Storage
Solar and wind are the leading sources of reliable, renewable energy. However, we’re using electronic devices and appliances almost all the time. It’s not enough to have these sources on hand.
When dusk draws in, you wouldn’t have an energy source as intense as the sun anymore. When the winds halt, your wind energy tech wouldn’t be of much use. Thus, alternative energy systems now often come with storage devices.
From now on, storage devices will most likely become a core feature of energy systems on the market. We’re also expecting more progress and affordability on storage solutions later. This development in renewable energy technologies is great news for all buyers.
2. Easier Access to Wind and Solar Energy
The United States has over 116.9 million residential buildings. A study found that 57% of these buildings are suitable for great solar potential. Thanks to lower market prices and better reliability, it’s easier to gain access to a new energy source.
The United States isn’t only one where these types of alternative energies are emerging. Countries like Mexico are emerging markets driving renewable energy growth. India is the most competitive market for the different types of alternative energy.
3. Increase of Smart Renewable Cities
A smart renewable city is a city with solar and/or wind power and a smart city plan. This smart city plan must include a renewable energy element. Right now, the biggest SRC in the world is San Diego, followed by Los Angeles. Renewable energy careers are very much sought after in these areas.
The 1.4 million population has an energy source in which 33% gets generated from wind and solar energy sources. By 2035, the city is expecting to see solar and wind account for 100% of its power generation.
Other cities all over the world are also aiming to become smart renewable cities.
For example, Jaipur, the leading city in Asia, is part of a national goal. India created the 100 Smart Cities Mission. The cities need to use solar energy as it’s one of the requirements of the mission.
4. Grid Parity
Renewable energy was impractical because of cost and performance quality. Before solar tech evolved, it was an expensive alternative. To add to the cost, it generated little electricity too.
Grid parity is one of the major enablers of renewable energy. Grid parity is when an alternative source of energy generates power at the same level in terms of cost and output as conventional methods. In many parts of the United States, solar and wind have reached parity in both price and performance.
Now, people see them as a more efficient and cost-effective energy source. The best part is that they’re still evolving. In time, they might even become the new norm.
5. The Internet of Things and Blockchain Technology
Blockchain is an excellent way of passing information along. Plus, the data or block that goes through the blockchain is immutable and secure. That means that the data the computers in the structure record will forever stay that way.
If we apply this to today’s new energy technologies, it gives consumers control over their energy. Blockchain distributes data about their energy sources and providers. With total control over where they get their energy, consumers drive competition.
This choice-driven energy market promotes sustainable energy.
To help the climate crisis and be more cost-effective, customers want sustainable energy. The Internet of Things, through transparency, helps them find companies that offer the energy they want. In turn, this forces businesses to be forthright and open about their services.
6. Greater Reliability for Renewable Energy Technologies
If you’re waiting to buy renewable energy tech, now’s the time.
Five or ten years earlier, using solar energy was a risky and expensive move. The technology wasn’t ready for long-term use yet. The early models of solar power units often broke down or had other issues.
In only a decade, we’ve come so far with this tech. Now, solar and wind energy sources are more dependable. You might even notice that US states with the fewest power outages are the top solar and wind states.
Even the grids of Germany and Denmark are more reliable. Ninety percent of the power consumed in Denmark’s western region came from wind and solar. The progress of their grid reliability grew so much that they have the world’s most reliable grid.
That’s how well grid reliability and resilience grew over the past decade.
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7. More Development From Perovskite and 3D Printing
Perovskite is a synthetic compound with a structure like that of the natural mineral. Since its introduction, Perovskite is the fastest-developing solar technology. This is because Perovskite has a lot of photovoltaic potential and possible applications.
With perovskite material, it’s possible to create solar tech with greater efficiency. Perovskite solar cells can also lower the cost of solar energy. We can also spray perovskite onto surfaces or print it in rolls for more applications.
Like perovskite in solar energy, 3D printing is also paving way for wind energy. A couple of US national laboratories worked with the 3D printing industry to create the first 3D-printed wind-blade mold. Their next step is to 3D-print the blades.
If 3D printing can help create wind energy systems, it becomes more accessible. It also aids in the growing demands of wind technology.
Stay Informed on Renewable Energy News
That’s it for our list of the most exciting news on renewable energy technologies. We hope you enjoyed it and feel as excited as we do for the future.
Don’t stop here! If you want to see more content like this, feel free to check our other guides.