Wind energy research dates back several decades to the 1970s when NASA developed an analytical model to predict wind turbine power generation during high winds. Today, both Sandia National Laboratories and National Renewable Energy Laboratory have programs dedicated to wind research. Sandia’s laboratory focuses on the advancement of materials, aerodynamics, and sensors. The NREL wind projects are centered on improving wind plant power production, reducing their capital costs, and making wind energy more cost effective overall. The Field Laboratory for Optimized Wind Energy (FLOWE) at Caltech was established to research renewable approaches to wind energy farming technology practices that have the potential to reduce the cost, size, and environmental impact of wind energy production. The president of Sky WindPower Corporation thinks that wind turbines will be able to produce electricity at a cent/kWh at an average which in comparison to coal-generated electricity is a fractional of the cost.
Alternatively, SRECs allow for a market mechanism to set the price of the solar generated electricity subsity. In this mechanism, a renewable energy production or consumption target is set, and the utility (more technically the Load Serving Entity) is obliged to purchase renewable energy or face a fine (Alternative Compliance Payment or ACP). The producer is credited for an SREC for every 1,000 kWh of electricity produced. If the utility buys this SREC and retires it, they avoid paying the ACP. In principle this system delivers the cheapest renewable energy, since the all solar facilities are eligible and can be installed in the most economic locations. Uncertainties about the future value of SRECs have led to long-term SREC contract markets to give clarity to their prices and allow solar developers to pre-sell and hedge their credits.
Renewable energy variability is a problem for corporate buyers. But what is undesirable to buyers is attractive for insurance companies, whose core business revolves around managing weather-related risks. VFAs sit on top of a new or existing PPA and are effectively designed to pay the corporate buyer when they’re getting less renewable power than they contracted for, and give money to the insurer when there’s more.
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. A recent multi-agency industry proposal (echoing the 2008 Pentagon recommendation) won the SECDEF/SECSTATE/USAID Director D3 (Diplomacy, Development, Defense) Innovation Challenge.
Another economic measure, closely related to the energy payback time, is the energy returned on energy invested (EROEI) or energy return on investment (EROI), which is the ratio of electricity generated divided by the energy required to build and maintain the equipment. (This is not the same as the economic return on investment (ROI), which varies according to local energy prices, subsidies available and metering techniques.) With expected lifetimes of 30 years, the EROEI of PV systems are in the range of 10 to 30, thus generating enough energy over their lifetimes to reproduce themselves many times (6–31 reproductions) depending on what type of material, balance of system (BOS), and the geographic location of the system.
The energy it calculates is in kWh per year, the diameter of the wind turbine rotor is in meters, the wind speed is annual average for the turbine hub height in m/s. The equation uses a Weibull wind distribution with a factor of K=2, which is about right for inland sites. An overall efficiency of the turbine, from wind to electrical grid, of 30% is used. That is a reasonable, real-world efficiency number. Here is a table that shows how average annual wind speed, turbine size, and annual energy production relate:
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.
There are numerous organizations within the academic, federal, and commercial sectors conducting large scale advanced research in the field of sustainable energy. This research spans several areas of focus across the sustainable energy spectrum. Most of the research is targeted at improving efficiency and increasing overall energy yields. Multiple federally supported research organizations have focused on sustainable energy in recent years. Two of the most prominent of these labs are Sandia National Laboratories and the National Renewable Energy Laboratory (NREL), both of which are funded by the United States Department of Energy and supported by various corporate partners. Sandia has a total budget of $2.4 billion  while NREL has a budget of $375 million.
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A: A residential solar PV system can cost anywhere from $25,000 to $35,000, on average. Because of the high cost, a power purchase agreement (PPA), loan, or lease are popular options for financing a solar PV system. Naturally, there are benefits and drawbacks with each option. We won’t cover them in detail here, but you can learn more in our article “Financing Options for Solar Power Explained.”
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.