Renewable energy resources and significant opportunities for energy efficiency exist over wide geographical areas, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of renewable energy and energy efficiency, and technological diversification of energy sources, would result in significant energy security and economic benefits. It would also reduce environmental pollution such as air pollution caused by burning of fossil fuels and improve public health, reduce premature mortalities due to pollution and save associated health costs that amount to several hundred billion dollars annually only in the United States. Renewable energy sources, that derive their energy from the sun, either directly or indirectly, such as hydro and wind, are expected to be capable of supplying humanity energy for almost another 1 billion years, at which point the predicted increase in heat from the sun is expected to make the surface of the earth too hot for liquid water to exist.
Adam Schultz, a senior policy analyst for the Oregon Department of Energy, says he’s more encouraged than ever about the prospects for renewables. Because the Pacific Northwest features large-scale hydropower plants built as part of the New Deal, energy already tends to be less expensive there than the U.S. average. But solar and wind power have “gotten cheaper over the last couple years to the point that I can’t even tell you what the costs are because costs have been dropping so rapidly,” Schultz says. “We have enough sunshine,” he says (presumably referring to the eastern part of the state), “so it’s just a matter of time.”
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. Cedric Philibert, senior analyst in the renewable energy division at the IEA said: "Photovoltaic and solar-thermal plants may meet most of the world's demand for electricity by 2060 – and half of all energy needs – with wind, hydropower and biomass plants supplying much of the remaining generation". "Photovoltaic and concentrated solar power together can become the major source of electricity", Philibert said.
Biofuels - Rather than burning biomass to produce energy, sometimes these renewable organic materials are transformed into fuel. Notable examples include ethanol and biodiesel. Biofuels provided 2.7 percent of the world's fuels for road transport in 2010, and have the potential to meet more than 25 percent of world demand for transportation fuels by 2050.
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.
Due to data transmission problems, structural health monitoring of wind turbines is usually performed using several accelerometers and strain gages attached to the nacelle to monitor the gearbox and equipments. Currently, digital image correlation and stereophotogrammetry are used to measure dynamics of wind turbine blades. These methods usually measure displacement and strain to identify location of defects. Dynamic characteristics of non-rotating wind turbines have been measured using digital image correlation and photogrammetry. Three dimensional point tracking has also been used to measure rotating dynamics of wind turbines.
In 2011, the International Energy Agency said that "the development of affordable, inexhaustible and clean solar energy technologies will have huge longer-term benefits. It will increase countries' energy security through reliance on an indigenous, inexhaustible and mostly import-independent resource, enhance sustainability, reduce pollution, lower the costs of mitigating climate change, and keep fossil fuel prices lower than otherwise. These advantages are global. Hence the additional costs of the incentives for early deployment should be considered learning investments; they must be wisely spent and need to be widely shared". Italy has the largest proportion of solar electricity in the world, in 2015 solar supplied 7.8% of electricity demand in Italy. In 2016, after another year of rapid growth, solar generated 1.3% of global power.
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.
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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.