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A photovoltaic system converts light into electrical direct current (DC) by taking advantage of the photoelectric effect.[51] Solar PV has turned into a multi-billion, fast-growing industry, continues to improve its cost-effectiveness, and has the most potential of any renewable technologies together with CSP.[52][53] Concentrated solar power (CSP) systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. Commercial concentrated solar power plants were first developed in the 1980s. CSP-Stirling has by far the highest efficiency among all solar energy technologies.
In cases of self consumption of the solar energy, the payback time is calculated based on how much electricity is not purchased from the grid. For example, in Germany, with electricity prices of 0.25 €/kWh and insolation of 900 kWh/kW, one kWp will save €225 per year, and with an installation cost of 1700 €/KWp the system cost will be returned in less than seven years.[91] However, in many cases, the patterns of generation and consumption do not coincide, and some or all of the energy is fed back into the grid. The electricity is sold, and at other times when energy is taken from the grid, electricity is bought. The relative costs and prices obtained affect the economics. In many markets, the price paid for sold PV electricity is significantly lower than the price of bought electricity, which incentivizes self consumption.[92] Moreover, separate self consumption incentives have been used in e.g. Germany and Italy.[92] Grid interaction regulation has also included limitations of grid feed-in in some regions in Germany with high amounts of installed PV capacity.[92][93] By increasing self consumption, the grid feed-in can be limited without curtailment, which wastes electricity.[94]
The U.S. Environmental Protection Agency (USEPA) Green Power Partnership is a voluntary program that supports the organizational procurement of renewable electricity by offering expert advice, technical support, tools and resources. This can help organizations lower the transaction costs of buying renewable power, reduce carbon footprint, and communicate its leadership to key stakeholders.[88]
The theory of peak oil was published in 1956.[39] In the 1970s environmentalists promoted the development of renewable energy both as a replacement for the eventual depletion of oil, as well as for an escape from dependence on oil, and the first electricity generating wind turbines appeared. Solar had long been used for heating and cooling, but solar panels were too costly to build solar farms until 1980.[40]

Ross, something of a libertarian at heart, entered politics because he was ticked off that the municipal code prohibited him from paving the driveway to his historic home entirely in period-appropriate brick. (The code required some concrete.) He joined the city council in 2008 and was elected to his first term as mayor in 2014. He often likens the city to “Mayberry R.F.D.,” and it does have a town square with a courthouse, a coffee shop where you’re bound to run into people you know and a swimming hole. But it also has Southwestern University, and in 2010 university officials, following a student initiative, told the city council they wanted their electricity to come from renewable sources. The city had already set a goal of getting 30 percent of its power that way, but now, Ross and his colleagues saw their opportunity.
Large national and regional research projects on artificial photosynthesis are designing nanotechnology-based systems that use solar energy to split water into hydrogen fuel.[52] and a proposal has been made for a Global Artificial Photosynthesis project[53] In 2011, researchers at the Massachusetts Institute of Technology (MIT) developed what they are calling an "Artificial Leaf", which is capable of splitting water into hydrogen and oxygen directly from solar power when dropped into a glass of water. One side of the "Artificial Leaf" produces bubbles of hydrogen, while the other side produces bubbles of oxygen.[54]

With advanced technology being developed, cellulosic biomass, such as trees and grasses, are also used as feedstocks for ethanol production. Ethanol can be used as a fuel for vehicles in its pure form, but it is usually used as a gasoline additive to increase octane and improve vehicle emissions. Bioethanol is widely used in the United States and in Brazil. The energy costs for producing bio-ethanol are almost equal to, the energy yields from bio-ethanol. However, according to the European Environment Agency, biofuels do not address global warming concerns.[75] Biodiesel is made from vegetable oils, animal fats or recycled greases. It can be used as a fuel for vehicles in its pure form, or more commonly as a diesel additive to reduce levels of particulates, carbon monoxide, and hydrocarbons from diesel-powered vehicles. Biodiesel is produced from oils or fats using transesterification and is the most common biofuel in Europe. Biofuels provided 2.7% of the world's transport fuel in 2010.[76]
The political purpose of incentive policies for PV is to facilitate an initial small-scale deployment to begin to grow the industry, even where the cost of PV is significantly above grid parity, to allow the industry to achieve the economies of scale necessary to reach grid parity. The policies are implemented to promote national energy independence, high tech job creation and reduction of CO2 emissions. Three incentive mechanisms are often used in combination as investment subsidies: the authorities refund part of the cost of installation of the system, the electricity utility buys PV electricity from the producer under a multiyear contract at a guaranteed rate, and Solar Renewable Energy Certificates (SRECs)
The combination of wind and solar PV has the advantage that the two sources complement each other because the peak operating times for each system occur at different times of the day and year. The power generation of such solar hybrid power systems is therefore more constant and fluctuates less than each of the two component subsystems.[21] Solar power is seasonal, particularly in northern/southern climates, away from the equator, suggesting a need for long term seasonal storage in a medium such as hydrogen or pumped hydroelectric.[117] The Institute for Solar Energy Supply Technology of the University of Kassel pilot-tested a combined power plant linking solar, wind, biogas and hydrostorage to provide load-following power from renewable sources.[118]
Enhanced geothermal systems (EGS) are a new type of geothermal power technologies that do not require natural convective hydrothermal resources. The vast majority of geothermal energy within drilling reach is in dry and non-porous rock.[161] EGS technologies "enhance" and/or create geothermal resources in this "hot dry rock (HDR)" through hydraulic stimulation. EGS and HDR technologies, such as hydrothermal geothermal, are expected to be baseload resources which produce power 24 hours a day like a fossil plant. Distinct from hydrothermal, HDR and EGS may be feasible anywhere in the world, depending on the economic limits of drill depth. Good locations are over deep granite covered by a thick (3–5 km) layer of insulating sediments which slow heat loss.[162] There are HDR and EGS systems currently being developed and tested in France, Australia, Japan, Germany, the U.S. and Switzerland. The largest EGS project in the world is a 25 megawatt demonstration plant currently being developed in the Cooper Basin, Australia. The Cooper Basin has the potential to generate 5,000–10,000 MW.

A parabolic trough consists of a linear parabolic reflector that concentrates light onto a receiver positioned along the reflector's focal line. The receiver is a tube positioned along the focal points of the linear parabolic mirror and is filled with a working fluid. The reflector is made to follow the sun during daylight hours by tracking along a single axis. Parabolic trough systems provide the best land-use factor of any solar technology.[13] The SEGS plants in California and Acciona's Nevada Solar One near Boulder City, Nevada are representatives of this technology.[14][15]

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