Besides the greening of fossil fuel and nuclear power plants, another option is the distribution and immediate use of power from solely renewable sources. In this set-up energy storage is again not necessary. For example, TREC has proposed to distribute solar power from the Sahara to Europe. Europe can distribute wind and ocean power to the Sahara and other countries. In this way, power is produced at any given time as at any point of the planet as the sun or the wind is up or ocean waves and currents are stirring. This option however is probably not possible in the short-term, as fossil fuel and nuclear power are still the main sources of energy on the mains electricity net and replacing them will not be possible overnight.
Most cars on the road today in the U.S. can run on blends of up to 10% ethanol, and motor vehicle manufacturers already produce vehicles designed to run on much higher ethanol blends. Ford, DaimlerChrysler, and GM are among the automobile companies that sell "flexible-fuel" cars, trucks, and minivans that can use gasoline and ethanol blends ranging from pure gasoline up to 85% ethanol (E85). By mid-2006, there were approximately six million E85-compatible vehicles on U.S. roads.
In terms of ocean energy, another third-generation technology, Portugal has the world's first commercial wave farm, the Aguçadora Wave Park, under construction in 2007. The farm will initially use three Pelamis P-750 machines generating 2.25 MW. and costs are put at 8.5 million euro. Subject to successful operation, a further 70 million euro is likely to be invested before 2009 on a further 28 machines to generate 525 MW. Funding for a wave farm in Scotland was announced in February, 2007 by the Scottish Executive, at a cost of over 4 million pounds, as part of a £13 million funding packages for ocean power in Scotland. The farm will be the world's largest with a capacity of 3 MW generated by four Pelamis machines. (see also Wave farm).
From the end of 2004, worldwide renewable energy capacity grew at rates of 10–60% annually for many technologies. In 2015 global investment in renewables rose 5% to $285.9 billion, breaking the previous record of $278.5 billion in 2011. 2015 was also the first year that saw renewables, excluding large hydro, account for the majority of all new power capacity (134 GW, making up 53.6% of the total). Of the renewables total, wind accounted for 72 GW and solar photovoltaics 56 GW; both record-breaking numbers and sharply up from 2014 figures (49 GW and 45 GW respectively). In financial terms, solar made up 56% of total new investment and wind accounted for 38%.
Heat pumps and Thermal energy storage are classes of technologies that can enable the utilization of renewable energy sources that would otherwise be inaccessible due to a temperature that is too low for utilization or a time lag between when the energy is available and when it is needed. While enhancing the temperature of available renewable thermal energy, heat pumps have the additional property of leveraging electrical power (or in some cases mechanical or thermal power) by using it to extract additional energy from a low quality source (such as seawater, lake water, the ground, the air, or waste heat from a process).
Research is also undertaken in this field of artificial photosynthesis. It involves the use of nanotechnology to store solar electromagnetic energy in chemical bonds, by splitting water to produce hydrogen fuel or then combining with carbon dioxide to make biopolymers such as methanol. Many large national and regional research projects on artificial photosynthesis are now trying to develop techniques integrating improved light capture, quantum coherence methods of electron transfer and cheap catalytic materials that operate under a variety of atmospheric conditions. Senior researchers in the field have made the public policy case for a Global Project on Artificial Photosynthesis to address critical energy security and environmental sustainability issues.
Solar panels converts the sun's light in to usable solar energy using N-type and P-type semiconductor material. When sunlight is absorbed by these materials, the solar energy knocks electrons loose from their atoms, allowing the electrons to flow through the material to produce electricity. This process of converting light (photons) to electricity (voltage) is called the photovoltaic (PV) effect. Currently solar panels convert most of the visible light spectrum and about half of the ultraviolet and infrared light spectrum to usable solar energy.
By now you are probably thinking “why would these guys tell me the truth? They sell small wind turbines!”. Yup, guilty as charged. We also want happy customers, and the two are not reconcilable unless we are upfront with you, our customer. Truth is, wind turbine sales are a tiny part of our revenue, and while we would regret losing you, we will still be able to put food on our kids’ plates.
There are different types of inverters for solar use (string, central, micro). If you’re hoping to install the solar PV system yourself, selecting the best inverter will require serious research and careful planning. If you work through a professional solar installer, on the other hand, the company should help take care of inverter selection for you.
Second-generation technologies include solar heating and cooling, wind power, modern forms of bioenergy and solar photovoltaics. These are now entering markets as a result of research, development and demonstration (RD&D) investments since the 1980s. The initial investment was prompted by energy security concerns linked to the oil crises (1973 and 1979) of the 1970s but the continuing appeal of these renewables is due, at least in part, to environmental benefits. Many of the technologies reflect significant advancements in materials.
The tables above are for HAWTs, the regular horizontal “wind mill” type we are all familiar with. For VAWTs the tables can be used as well, but you have to convert their dimensions. Calculate the frontal area (swept area) of the VAWT by multiplying height and width, or for a curved egg-beater approximate the area. Now convert the surface area to a diameter, as if it were a circle: Diameter = √(4 • Area / Pi). That will give you a diameter for the table. Look up the energy production for that diameter and your average annual wind speed and do the following:
As the section above shows, anything under 5 m/s annual average wind speed is not going to be worth-while if you want any economic benefit out of a wind turbine. Even with government incentives, you would be better off with solar for most places. Let us take this a bit further, and assume your backyard is pretty windy, a full 6 m/s (13.4 mph) annual average wind speed at 100′ height. You get a 6 kW wind turbine installed, and shell out $50,000 for that privilege. If the installer did her job properly, the turbine is spinning in nice, clean, laminar air, and it will produce around 13,000 kWh per year. You are the kind of person that wins the lottery on a regular basis, marries a beauty queen (or king), and has kids that all go to ivy-league universities; your wind turbine never breaks and you do not have to shell out a single buck for maintenance over 20 years. Now your turbine has produced around 260,000 kWh of electricity, which works out to 19.2 cents per kWh in cost. Maybe you pay more than for electricity and it is worth it, but your are likely not getting rich, and any repairs and maintenance will drive that price up in a hurry.
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)
Many industrialized nations have installed significant solar power capacity into their grids to supplement or provide an alternative to conventional energy sources while an increasing number of less developed nations have turned to solar to reduce dependence on expensive imported fuels (see solar power by country). Long distance transmission allows remote renewable energy resources to displace fossil fuel consumption. Solar power plants use one of two technologies: