“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]
Jump up ^ Faunce, T. A.; Lubitz, W.; Rutherford, A. W. (Bill); MacFarlane, D.; Moore, G. F.; Yang, P.; Nocera, D. G; Moore, Tom A; Gregory, Duncan H; Fukuzumi, Shunichi; Yoon, Kyung B.; Armstrong, F. A.; Wasielewski, M. R.; Styring, S. (2013), "Energy and environment policy case for a global project on artificial photosynthesis", Energy & Environmental Science, 6 (3): 695–698, doi:10.1039/C3EE00063J, archived from the original on 16 August 2013
Photovoltaic systems use no fuel, and modules typically last 25 to 40 years. Thus, capital costs make up most of the cost of solar power. Operations and maintenance costs for new utility-scale solar plants in the US are estimated to be 9 percent of the cost of photovoltaic electricity, and 17 percent of the cost of solar thermal electricity. Governments have created various financial incentives to encourage the use of solar power, such as feed-in tariff programs. Also, Renewable portfolio standards impose a government mandate that utilities generate or acquire a certain percentage of renewable power regardless of increased energy procurement costs. In most states, RPS goals can be achieved by any combination of solar, wind, biomass, landfill gas, ocean, geothermal, municipal solid waste, hydroelectric, hydrogen, or fuel cell technologies.
Solar electricity is inherently variable and predictable by time of day, location, and seasons. In addition solar is intermittent due to day/night cycles and unpredictable weather. How much of a special challenge solar power is in any given electric utility varies significantly. In a summer peak utility, solar is well matched to daytime cooling demands. In winter peak utilities, solar displaces other forms of generation, reducing their capacity factors.
Even with plans to grow as much as 80 percent over the next five years, the city expects to have plenty of energy from these renewable sources. (To be sure, about 2 percent of the time, the Georgetown utility draws electricity derived from fossil fuels. Ross says the city more than compensates at other times by selling excess renewable energy back to the grid—at a profit.)
“What Changes Will Maine’s New Government Bring to Your Life?” • Swept to sizable majorities in last week’s elections, Maine’s Democrats will be in full control of state government for the first time since 2010. They are likely to look for ways to address a number of pressing issues, one of which is climate change. [Kennebec Journal & Morning Sentinel]
Green Energy Corp’s™ Microgrid as a Service (MaaS) package is a cloud based, subscription service enabling third party developers to utilize GreenBus® and Green Energy Corp expertise in financing, building and deploying microgrids. Included in the MaaS package is the microgrid toolset comprised of software, design and engineering packages, equipment recommendations, construction methods, operations and maintenance support, and financial instruments all delivered from a hosted environment.
“New Wind May Be Cheaper than Old, Reliable Coal” • Wind farms have cost less to build and operate than coal-fired power plants for some time. The trend of lower costs for renewables has crossed a threshold: it is sometimes cheaper to build a brand new wind facility than keep an old coal plant burning, according to Lazard Ltd. [Casper Star-Tribune Online]
Conventional hydroelectricity works very well in conjunction with solar power, water can be held back or released from a reservoir behind a dam as required. Where a suitable river is not available, pumped-storage hydroelectricity uses solar power to pump water to a high reservoir on sunny days then the energy is recovered at night and in bad weather by releasing water via a hydroelectric plant to a low reservoir where the cycle can begin again. However, this cycle can lose 20% of the energy to round trip inefficiencies, this plus the construction costs add to the expense of implementing high levels of solar power.
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.
The Vestas V164 has a rated capacity of 8 MW, later upgraded to 9.5 MW. The wind turbine has an overall height of 220 m (722 ft), a diameter of 164 m (538 ft), is for offshore use, and is the world's largest-capacity wind turbine since its introduction in 2014. The conventional drive train consist of a main gearbox and a medium speed PM generator. Prototype installed in 2014 at the National Test Center Denmark nearby Østerild. Series production began end of 2015.
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: