Climate change and global warming concerns, coupled with high oil prices, peak oil, and increasing government support, are driving increasing renewable energy legislation, incentives and commercialization. New government spending, regulation and policies helped the industry weather the global financial crisis better than many other sectors. According to a 2011 projection by the International Energy Agency, solar power generators may produce most of the world's electricity within 50 years, reducing the emissions of greenhouse gases that harm the environment.
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 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]
“Volkswagen Converting Zwickau Automotive Plant to Produce Electric Vehicles” • In a move that it believes is the first of its kind in the world for a major car factory, VW is converting its auto factory in Zwickau, Germany from internal combustion vehicle production to manufacture of electric vehicles. The plant makes 330,000 cars per year. [CleanTechnica]
This is a wind map of the lands south of the border (the US) for 30 meters (100′) height, a very common height for small wind turbine installations. Anything green or yellow is not a good wind resource location. Here in Canada the distribution is similar, in that the good places are in the mid-west and very close to the shores of the great lakes and oceans.
Solar energy, radiant light and heat from the sun, is harnessed using a range of ever-evolving technologies such as solar heating, photovoltaics, concentrated solar power (CSP), concentrator photovoltaics (CPV), solar architecture and artificial photosynthesis. Solar technologies are broadly characterized as either passive solar or active solar depending on the way they capture, convert and distribute solar energy. Passive solar techniques include orienting a building to the Sun, selecting materials with favorable thermal mass or light dispersing properties, and designing spaces that naturally circulate air. Active solar technologies encompass solar thermal energy, using solar collectors for heating, and solar power, converting sunlight into electricity either directly using photovoltaics (PV), or indirectly using concentrated solar power (CSP).
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Geothermal power plants can operate 24 hours per day, providing base-load capacity, and the world potential capacity for geothermal power generation is estimated at 85 GW over the next 30 years. However, geothermal power is accessible only in limited areas of the world, including the United States, Central America, East Africa, Iceland, Indonesia, and the Philippines. The costs of geothermal energy have dropped substantially from the systems built in the 1970s. Geothermal heat generation can be competitive in many countries producing geothermal power, or in other regions where the resource is of a lower temperature. Enhanced geothermal system (EGS) technology does not require natural convective hydrothermal resources, so it can be used in areas that were previously unsuitable for geothermal power, if the resource is very large. EGS is currently under research at the U.S. Department of Energy.
The Stirling solar dish combines a parabolic concentrating dish with a Stirling engine which normally drives an electric generator. The advantages of Stirling solar over photovoltaic cells are higher efficiency of converting sunlight into electricity and longer lifetime. Parabolic dish systems give the highest efficiency among CSP technologies. The 50 kW Big Dish in Canberra, Australia is an example of this technology.
At GE, product evolution is at our core, and we are continuously working to develop the next generation of wind energy. Beginning in 2002 with one wind turbine model, we now offer a full suite of turbines created for a variety of wind environments. We offer increased value to customers with proven performance, reliability, and availability. Our portfolio of turbines feature rated capacities from 1.7 MW to 5.3 MW (Onshore) and 6 MW to 12 MW (Offshore), we are uniquely suited to meet the needs of a broad range of wind regimes.
Green Energy Corp’s GreenBus® software interoperability platform enables the adoption of evolving Smart Grid technologies and integration with legacy power and communications infrastructures. Microgrid developers can now design and implement an architecture that supports advanced technology adoption over time, while realizing the business benefits incrementally.
The generator, which is approximately 34% of the wind turbine cost, includes the electrical generator, the control electronics, and most likely a gear box (e.g. planetary gear box), adjustable-speed drive or continuously variable transmission component for converting the low-speed incoming rotation to high-speed rotation suitable for generating electricity.
For either photovoltaic or thermal systems, one option is to loft them into space, particularly Geosynchronous orbit. To be competitive with Earth-based solar power systems, the specific mass (kg/kW) times the cost to loft mass plus the cost of the parts needs to be $2400 or less. I.e., for a parts cost plus rectenna of $1100/kW, the product of the $/kg and kg/kW must be $1300/kW or less. Thus for 6.5 kg/kW, the transport cost cannot exceed $200/kg. While that will require a 100 to one reduction, SpaceX is targeting a ten to one reduction, Reaction Engines may make a 100 to one reduction possible.
In the mid-1990s, development of both, residential and commercial rooftop solar as well as utility-scale photovoltaic power stations, began to accelerate again due to supply issues with oil and natural gas, global warming concerns, and the improving economic position of PV relative to other energy technologies. In the early 2000s, the adoption of feed-in tariffs—a policy mechanism, that gives renewables priority on the grid and defines a fixed price for the generated electricity—led to a high level of investment security and to a soaring number of PV deployments in Europe.