“the Future Of Renewable Energy: Trends And Innovations In 2023” – In the second half of this special two-part episode of our CleanTech Talk podcast interview series, Michael Barnard, Chief Strategist of TFIE Strategy Inc.
Contributor, taking Zach Shahan’s place as host to talk with Mark Z. Jacobson, professor at Stanford University and cofounder of The Solution Project, about the world’s transition to 100% renewable energy. You can listen to the full conversation in the embedded player below. Below the embedded SoundCloud player is a brief summary of the topics covered, but tune in to the podcast to join the full discussion.
“the Future Of Renewable Energy: Trends And Innovations In 2023”
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What Is The Future Of Renewable Energy In India?
Mike and Mark kick off the second half of the podcast by talking about the potential of renewable energy and electrification to significantly reduce electricity costs for more remote locations. As Mark notes, Hawaii, for example, can see a big drop in prices due to increased dependence on renewable energy and less dependence on fossil fuels that have to be shipped all the way to distant countries. The two experts also studied how renewable energy produces grid reliability and myriad other benefits and, as Mark explained, will continue to be cheaper than our current energy sources in the future, even with more conservative estimates.
Mike and Mark then talked about other energy sources, including hydroelectric and storage as well as nuclear. Nuclear, they concluded, is not something to include in future plans because the current cost assumption is underestimated and the time required to build a plant does not meet the need for a quick transition to cleaner energy sources.
Mike and Mark delve into their thoughts on what has changed in regards to the energy landscape in the last decade. From an engineering and global policy perspective, Mark notes the falling costs of renewable energy, the rise and development of electric cars, and battery storage breakthroughs. He was particularly excited to see the enthusiasm surrounding the movement for a global transition to 100% renewable energy.
The two wrap up the podcast by briefly sharing their thoughts on the Green New Deal and the nonpartisan nature of the transition to renewable energy. As Mark notes, even conservative politicians are beginning to embrace renewable energy because it has been shown to be the most cost effective option.
The Future Of Renewable Energy Jobs: Trends For 2023 — Rejobs
To hear more about this topic, in addition to more about Mark’s latest research, listen to the show! Also listen to part one.
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The Investor Download: The Future Of Renewables
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Winter is a Cutler Scholar and dual undergraduate student majoring in Environmental Studies and Journalism at Ohio University’s Honors Tutorial College, with a minor in French. His academic interests include environmental communication, technology and social innovation, particularly as it relates to international climate change mitigation and adaptation. Although Winter attends school in her hometown of Athens, Ohio, she uses her breaks to explore the world beyond. He spent his most recent break conducting self-driven research on climate change and environmental justice in Southeast Asia. This year, he will complete a double thesis and an additional documentary series on climate change communication. Winter is excited to contribute and work with the team as a Summer Editorial Intern.
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The renewable energy market is changing thanks to falling prices and increasing demand for cleaner energy sources. Here are five technologies that will affect the industry in the future.
Powering The Future Through Renewable Energy
The emergence of renewable energy has revolutionized the world market, and renewables-driven change continues with unprecedented speed. Even a few years ago, few would have guessed the scope of new technologies that have been developed to help countries start the process of de-carbonizing their economies or predicted that a household name like Google would invest large sums in solar energy projects.
Some of these changes have been gradual, some sudden. Others are just beginning, and their importance is not yet widely understood. Here’s a look at five of the most important trends and technologies in renewable energy – some have radically reshaped the energy market in the last decade, while others are set to make waves in the coming years.
It is wind turbines and solar panels that represent, for most people, renewable energy. Two sources of power are visible in many rural landscapes and have changed the market.
“The biggest impact is wind and solar technology leading to a very rapid drop in electricity production costs,” said Petteri Laaksonen, Director of Research at the School of Energy Systems at Finland’s Lappeenranta-Lahti University of Technology (LUT). Renewable energy is expected to make up 30 percent of the world’s energy by 2024, according to the International Energy Agency, and most of it is driven by solar and wind projects that continue to be launched at an alarming rate. This is an increase in the use of solar panels, which made up 60 percent of the renewable energy capacity installed in 2019. Even tech giants like Apple, Google, and Amazon have invested in solar energy.
Renewable Energy Will Transform Business Practices
Experts agree that electrification progress in the coming decades will fuel the transition to renewable batteries. Renewable-based electrification of European industry, buildings, and transport will allow the continent to reduce energy-related carbon dioxide emissions by 90 percent by 2050, according to some predictions.
This trend has been seen. For example, Wärtsilä and Pivot Power are installing 100 MW of utility-scale energy storage that connects utility-scale transmission and high-volume power connections that will provide essential capacity for a national network of fast electric vehicle charging stations. This project is expected to play a major role in accelerating the UK’s energy transition drive towards net-zero emissions by 2050. What’s more, data from the Wärtsilä Energy Transition Lab shows that in the first months of 2020, a percentage of renewable energy is used. to produce electricity in Europe increased dramatically with a corresponding drop-off in electricity produced by traditional sources.
Laaksonen pointed out that there will also be new uses for electricity, including the production of hydrogen from water through electrolysis, recycling carbon dioxide by capturing it from the air, while nitrogen for fertilizer will also be created by taking it from the air. He predicted that, eventually, the demand for electricity can increase as much as 3-4 times in European countries, and the price will decrease (thanks to the boom in renewable energy). Switching to electricity is key to achieving economic de-carbonisation, but there are other, less obvious benefits, including increased energy security (independence from fossil fuel exporters) and better urban air quality.
One of the game-changing new technologies, Power-to-X is an umbrella term covering different processes that convert electricity into heat, hydrogen or renewable synthetic fuels. It offers an important opportunity to accelerate the transition to renewables by increasing the production of synthetic fuels, and to rapidly reduce fossil fuel emissions in sectors ranging from the steel industry and food production to the chemical and fertilizer industries. The technology can also play a key role in solving long-term energy storage challenges, managing the ebb and flow in supply from renewable sources. “Power-to-X is necessary because reinvesting in all infrastructure and technologies (aviation, shipping, heavy duty, and electric cars) is not possible in the next two decades when we need to complete the transition,” he said. Laaksonen.
Chart: Wind, Solar Dominate Energy Future
A quiet revolution in the field of renewables is increasing affordability and popularity called distributed generation. This means