“Renewable Energy Market to Garner $2,152 Billion by 2025, Reveals Report” • According to a report published by Allied Market Research, renewables industries will very likely result in an impressive growth for the entire market. It projects the global renewable energy market is to reach in excess of $2,152 billion by 2025. [Interesting Engineering]

Dale Ross, the mayor of Georgetown, Texas, has a big smile, a big handshake and a big personality. In last year’s election, he won big, with 72 percent of the vote. The key to his success? “Without being too self-reflective,” he says, “I just like people.” He’s a Republican, and his priorities are party staples: go light on regulation, be tough on crime, keep taxes low. But the thing that is winning him international renown is straight out of the liberal playbook—green power. Thanks to his (big) advocacy, Georgetown (pop. 67,000) last year became the largest city in the United States to be powered entirely by renewable energy.
Wind is a form of solar energy and is a result of the uneven heating of the atmosphere by the sun, the irregularities of the earth's surface, and the rotation of the earth. Wind flow patterns and speeds vary greatly across the United States and are modified by bodies of water, vegetation, and differences in terrain. Humans use this wind flow, or motion energy, for many purposes: sailing, flying a kite, and even generating electricity.
Similarly, in the United States, the independent National Research Council has noted that "sufficient domestic renewable resources exist to allow renewable electricity to play a significant role in future electricity generation and thus help confront issues related to climate change, energy security, and the escalation of energy costs … Renewable energy is an attractive option because renewable resources available in the United States, taken collectively, can supply significantly greater amounts of electricity than the total current or projected domestic demand."[154]
The windwheel of Hero of Alexandria (10 AD – 70 AD) marks one of the first recorded instances of wind powering a machine in history.[2][3] However, the first known practical wind power plants were built in Sistan, an Eastern province of Persia (now Iran), from the 7th century. These "Panemone" were vertical axle windmills, which had long vertical drive shafts with rectangular blades.[4] Made of six to twelve sails covered in reed matting or cloth material, these windmills were used to grind grain or draw up water, and were used in the gristmilling and sugarcane industries.[5]
Plant energy is produced by crops specifically grown for use as fuel that offer high biomass output per hectare with low input energy. Some examples of these plants are wheat, which typically yield 7.5–8 tonnes of grain per hectare, and straw, which typically yield 3.5–5 tonnes per hectare in the UK.[68] The grain can be used for liquid transportation fuels while the straw can be burned to produce heat or electricity. Plant biomass can also be degraded from cellulose to glucose through a series of chemical treatments, and the resulting sugar can then be used as a first generation biofuel.
Hydro-electricity and geothermal electricity produced at favourable sites are now the cheapest way to generate electricity. Renewable energy costs continue to drop, and the levelised cost of electricity (LCOE) is declining for wind power, solar photovoltaic (PV), concentrated solar power (CSP) and some biomass technologies.[100] Renewable energy is also the most economic solution for new grid-connected capacity in areas with good resources. As the cost of renewable power falls, the scope of economically viable applications increases. Renewable technologies are now often the most economic solution for new generating capacity. Where "oil-fired generation is the predominant power generation source (e.g. on islands, off-grid and in some countries) a lower-cost renewable solution almost always exists today".[100] A series of studies by the US National Renewable Energy Laboratory modeled the "grid in the Western US under a number of different scenarios where intermittent renewables accounted for 33 percent of the total power." In the models, inefficiencies in cycling the fossil fuel plants to compensate for the variation in solar and wind energy resulted in an additional cost of "between $0.47 and $1.28 to each MegaWatt hour generated"; however, the savings in the cost of the fuels saved "adds up to $7 billion, meaning the added costs are, at most, two percent of the savings."[101]
Most small wind turbines do not perform quite as well as their manufacturers want you to believe. That should come as no surprise at this point. What may be surprising is that even the turbines of the more honourable manufacturers that are honest about performance fall short, more often than not. The likely cause is turbulence and improper site selection.
The locations with highest annual solar irradiance lie in the arid tropics and subtropics. Deserts lying in low latitudes usually have few clouds, and can receive sunshine for more than ten hours a day.[86][87] These hot deserts form the Global Sun Belt circling the world. This belt consists of extensive swathes of land in Northern Africa, Southern Africa, Southwest Asia, Middle East, and Australia, as well as the much smaller deserts of North and South America.[88] Africa's eastern Sahara Desert, also known as the Libyan Desert, has been observed to be the sunniest place on Earth according to NASA.[89][90]
Other renewable energy technologies are still under development, and include cellulosic ethanol, hot-dry-rock geothermal power, and marine energy.[156] These technologies are not yet widely demonstrated or have limited commercialization. Many are on the horizon and may have potential comparable to other renewable energy technologies, but still depend on attracting sufficient attention and research, development and demonstration (RD&D) funding.[156]
Nuclear power. After coal, the next largest source of our electricity is nuclear power. While nuclear plants don't cause air pollution, they do create radioactive waste, which must be stored for thousands of years. As accidents at Three Mile Island and Chernobyl proved, nuclear plants also carry the risk of catastrophic failure. And nuclear power can be very expensive.
The primary obstacle that is preventing the large scale implementation of solar powered energy generation is the inefficiency of current solar technology. Currently, photovoltaic (PV) panels only have the ability to convert around 24% of the sunlight that hits them into electricity.[125] At this rate, solar energy still holds many challenges for widespread implementation, but steady progress has been made in reducing manufacturing cost and increasing photovoltaic efficiency. Both Sandia National Laboratories and the National Renewable Energy Laboratory (NREL), have heavily funded solar research programs. The NREL solar program has a budget of around $75 million [126] and develops research projects in the areas of photovoltaic (PV) technology, solar thermal energy, and solar radiation.[127] The budget for Sandia’s solar division is unknown, however it accounts for a significant percentage of the laboratory’s $2.4 billion budget.[128] Several academic programs have focused on solar research in recent years. The Solar Energy Research Center (SERC) at University of North Carolina (UNC) has the sole purpose of developing cost effective solar technology. In 2008, researchers at Massachusetts Institute of Technology (MIT) developed a method to store solar energy by using it to produce hydrogen fuel from water.[129] Such research is targeted at addressing the obstacle that solar development faces of storing energy for use during nighttime hours when the sun is not shining. In February 2012, North Carolina-based Semprius Inc., a solar development company backed by German corporation Siemens, announced that they had developed the world’s most efficient solar panel. The company claims that the prototype converts 33.9% of the sunlight that hits it to electricity, more than double the previous high-end conversion rate.[130] Major projects on artificial photosynthesis or solar fuels are also under way in many developed nations.[131]
In stand alone PV systems batteries are traditionally used to store excess electricity. With grid-connected photovoltaic power system, excess electricity can be sent to the electrical grid. Net metering and feed-in tariff programs give these systems a credit for the electricity they produce. This credit offsets electricity provided from the grid when the system cannot meet demand, effectively trading with the grid instead of storing excess electricity. Credits are normally rolled over from month to month and any remaining surplus settled annually.[111] When wind and solar are a small fraction of the grid power, other generation techniques can adjust their output appropriately, but as these forms of variable power grow, additional balance on the grid is needed. As prices are rapidly declining, PV systems increasingly use rechargeable batteries to store a surplus to be later used at night. Batteries used for grid-storage stabilize the electrical grid by leveling out peak loads usually for several minutes, and in rare cases for hours. In the future, less expensive batteries could play an important role on the electrical grid, as they can charge during periods when generation exceeds demand and feed their stored energy into the grid when demand is higher than generation.
Japan and China have national programs aimed at commercial scale Space-Based Solar Power (SBSP). The China Academy of Space Technology (CAST) won the 2015 International SunSat Design Competition with this video of their Multi-Rotary Joint design. Proponents of SBSP claim that Space-Based Solar Power would be clean, constant, and global, and could scale to meet all planetary energy demand.[56] A recent multi-agency industry proposal (echoing the 2008 Pentagon recommendation) won the SECDEF/SECSTATE/USAID Director D3 (Diplomacy, Development, Defense) Innovation Challenge.[57]

Green energy, however, utilizes energy sources that are readily available all over the world, including in rural and remote areas that don't otherwise have access to electricity. Advances in renewable energy technologies have lowered the cost of solar panels, wind turbines and other sources of green energy, placing the ability to produce electricity in the hands of the people rather than those of oil, gas, coal and utility companies.
As of 2012, the Alta Wind Energy Center (California, 1,020 MW) is the world's largest wind farm.[107] The London Array (630 MW) is the largest offshore wind farm in the world. The United Kingdom is the world's leading generator of offshore wind power, followed by Denmark.[108] There are several large offshore wind farms operational and under construction and these include Anholt (400 MW), BARD (400 MW), Clyde (548 MW), Fântânele-Cogealac (600 MW), Greater Gabbard (500 MW), Lincs (270 MW), London Array (630 MW), Lower Snake River (343 MW), Macarthur (420 MW), Shepherds Flat (845 MW), and the Sheringham Shoal (317 MW).
Photovoltaics were initially solely used as a source of electricity for small and medium-sized applications, from the calculator powered by a single solar cell to remote homes powered by an off-grid rooftop PV system. Commercial concentrated solar power plants were first developed in the 1980s. The 392 MW Ivanpah installation is the largest concentrating solar power plant in the world, located in the Mojave Desert of California.