Several initiatives are being proposed to mitigate distribution problems. First and foremost, the most effective way to reduce USA’s CO2 emissions and slow global warming is through conservation efforts. Opponents of the current US electrical grid have also advocated for decentralizing the grid. This system would increase efficiency by reducing the amount of energy lost in transmission. It would also be economically viable as it would reduce the amount of power lines that will need to be constructed in the future to keep up with demand. Merging heat and power in this system would create added benefits and help to increase its efficiency by up to 80-90%. This is a significant increase from the current fossil fuel plants which only have an efficiency of 34%.
Permanent magnets for wind turbine generators contain rare earth metals such as Nd, Pr, Tb, and Dy. Systems that use magnetic direct drive turbines require higher amounts of rare metals. Therefore, an increase in wind production would increase the demand for these resources. It is estimated that the additional demand for Nd in 2035 may be 4,000 to 18,000 tons and Dy could see an increase of 200 to 1200 tons. These values represent a quarter to half of current production levels. However, since technologies are developing rapidly, driven by supply and price of materials these estimated levels are extremely uncertain.
According to a 2011 projection by the International Energy Agency, solar power generators may produce most of the world's electricity within 50 years, reducing the emissions of greenhouse gases that harm the environment. Cedric Philibert, senior analyst in the renewable energy division at the IEA said: "Photovoltaic and solar-thermal plants may meet most of the world's demand for electricity by 2060 – and half of all energy needs – with wind, hydropower and biomass plants supplying much of the remaining generation". "Photovoltaic and concentrated solar power together can become the major source of electricity", Philibert said.
The International Renewable Energy Agency (IRENA) is an intergovernmental organization for promoting the adoption of renewable energy worldwide. It aims to provide concrete policy advice and facilitate capacity building and technology transfer. IRENA was formed on 26 January 2009, by 75 countries signing the charter of IRENA. As of March 2010, IRENA has 143 member states who all are considered as founding members, of which 14 have also ratified the statute.
Energy storage is a collection of methods used to store electrical energy on an electrical power grid, or off it. Electrical energy is stored during times when production (especially from intermittent power plants such as renewable electricity sources such as wind power, tidal power, solar power) exceeds consumption, and returned to the grid when production falls below consumption. Pumped-storage hydroelectricity is used for more than 90% of all grid power storage. Costs of lithium ion batteries are dropping rapidly, and are increasingly being deployed as fast acting sources of grid power (i.e. operating reserve) and for domestic storage.
A hybrid system combines (C)PV and CSP with one another or with other forms of generation such as diesel, wind and biogas. The combined form of generation may enable the system to modulate power output as a function of demand or at least reduce the fluctuating nature of solar power and the consumption of non renewable fuel. Hybrid systems are most often found on islands.
In the mid-1990s, development of both, residential and commercial rooftop solar as well as utility-scale photovoltaic power stations, began to accelerate again due to supply issues with oil and natural gas, global warming concerns, and the improving economic position of PV relative to other energy technologies. In the early 2000s, the adoption of feed-in tariffs—a policy mechanism, that gives renewables priority on the grid and defines a fixed price for the generated electricity—led to a high level of investment security and to a soaring number of PV deployments in Europe.
A wide range of concentrating technologies exists: among the best known are the parabolic trough, the compact linear Fresnel reflector, the Stirling dish and the solar power tower. Various techniques are used to track the sun and focus light. In all of these systems a working fluid is heated by the concentrated sunlight, and is then used for power generation or energy storage. Thermal storage efficiently allows up to 24-hour electricity generation.
The array of a photovoltaic power system, or PV system, produces direct current (DC) power which fluctuates with the sunlight's intensity. For practical use this usually requires conversion to certain desired voltages or alternating current (AC), through the use of inverters. Multiple solar cells are connected inside modules. Modules are wired together to form arrays, then tied to an inverter, which produces power at the desired voltage, and for AC, the desired frequency/phase.