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 2011 Mark Z. Jacobson, professor of civil and environmental engineering at Stanford University, and Mark Delucchi published a study on 100% renewable global energy supply in the journal Energy Policy. They found producing all new energy with wind power, solar power, and hydropower by 2030 is feasible and existing energy supply arrangements could be replaced by 2050. Barriers to implementing the renewable energy plan are seen to be "primarily social and political, not technological or economic". They also found that energy costs with a wind, solar, water system should be similar to today's energy costs.
Ross is now an energy celebrity, sitting on conference panels and lending Georgetown’s cachet to environmental-film screenings. And it isn’t only conservatives who buttonhole him. As if to prove the adage that no good deed goes unpunished, he also hears from people who worry about the impact of renewables. “They’ll come up to me and say with a straight face, ‘You know what? Those windmills are killing birds,’ ” Ross says. “ ‘Oh, really? I didn’t know that was a big interest of yours, but you know what the number-one killer of birds is in this country? Domestic house cats. Kill about four billion birds a year. You know what the number-two killer of birds is? Buildings they fly into. So you’re suggesting that we outlaw house cats and buildings?’ They go, ‘That's not exactly what I meant.’”
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Wind power first appeared in Europe during the Middle Ages. The first historical records of their use in England date to the 11th or 12th centuries and there are reports of German crusaders taking their windmill-making skills to Syria around 1190. By the 14th century, Dutch windmills were in use to drain areas of the Rhine delta. Advanced wind turbines were described by Croatian inventor Fausto Veranzio. In his book Machinae Novae (1595) he described vertical axis wind turbines with curved or V-shaped blades.
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.
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.
The trouble with rated power is that it does not tell you anything about energy production. Your utility company charges you for the energy you consume, not power. Likewise, for a small wind turbine you should be interested in the energy it will produce, for your particular site, with your particular annual average wind speed. Rated power of the turbine does not do that. To find out about energy production take a look at the tables presented earlier.
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.