Renewable Energy

Over the last decade, there has been a trend of strong growth in this sector, in 2019 more than two-thirds
of all new electricity capacity installed worldwide was renewable.

Renewable energy is the energy that is derived from a limitless source, in contrast to fossil fuels which are derived from a finite source. Types of renewables include solar energy (power from the sun), wind energy, tidal energy (power from the seas) and geothermal energy (power in the form of heat from heat within the earth). Energy can be called renewable if it can neither run out nor easily be replaced.

Based on a 2017 report by REN21’s (Renewable Energy Policy Network for the 21st Century), renewables contributed a growing 19.3% to humans’ global energy consumption 24.5% to their generation of electricity in 2015 and 2016. This energy consumption is divided as 8.9% coming from traditional biomass, 4.2% as heat energy (modern biomass, geothermal and solar heat), 3.9% hydroelectricity and 2.2% is electricity from wind, solar, geothermal, and biomass. Over the last decade, there has been a trend of strong growth in this sector, in 2019 more than two-thirds of all new electricity capacity installed worldwide was renewable.

 

  

So what has been the catalyst behind the renewables industry evolving from what was practically non-existent at the start of this century to providing 20% of all electricity consumed? The answer is that there are a vast interlinked number of reasons, but in general the three key factors are climate change, economic and health. 

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Battery Energy Storage

We are witnessing a significant change when it comes to energy usage, with awareness about the dangers of unsustainable expenditure sharply rising. This is motivating a faster adoption of sustainable energy technologies, some of which ideally require battery storage to be more feasible. For example, battery storage complements solar installations and enables them to provide power during the night or on a cloudy day.

Energy Monitoring

The idea here is to eliminate avoidable waste while ensuring that all energy needs are met, thus increasing the overall energy efficiency and staying within the planned expenditure range. In some cases, companies can slash their energy bills by up to 40% by implementing simple measures such as optimisation of the heating system.

Energy Monitoring

The idea here is to eliminate avoidable waste while ensuring that all energy needs are met, thus increasing the overall energy efficiency and staying within the planned expenditure range. In some cases, companies can slash their energy bills by up to 40% by implementing simple measures such as optimisation of the heating system.

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