The typical cost factors for solar power include the costs of the modules, the frame to hold them, wiring, inverters, labour cost, any land that might be required, the grid connection, maintenance and the solar insolation that location will receive. Adjusting for inflation, it cost $96 per watt for a solar module in the mid-1970s. Process improvements and a very large boost in production have brought that figure down to 68 cents per watt in February 2016, according to data from Bloomberg New Energy Finance.[69] Palo Alto California signed a wholesale purchase agreement in 2016 that secured solar power for 3.7 cents per kilowatt-hour. And in sunny Dubai large-scale solar generated electricity sold in 2016 for just 2.99 cents per kilowatt-hour – "competitive with any form of fossil-based electricity — and cheaper than most."[70]

Several refineries that can process biomass and turn it into ethanol are built by companies such as Iogen, POET, and Abengoa, while other companies such as the Verenium Corporation, Novozymes, and Dyadic International[163] are producing enzymes which could enable future commercialization. The shift from food crop feedstocks to waste residues and native grasses offers significant opportunities for a range of players, from farmers to biotechnology firms, and from project developers to investors.[164]


Join GTM at the upcoming Power & Renewables Summit! We'll cover how decarbonization, sector electrification and shifting regulatory developments will transform power markets over the next 10-to-20 years. We have already confirmed senior executives with FERC, Exelon, ERCOT, PJM, APS, Microsoft, Dell, CPS Energy, NRG, CohnReznick, Los Angeles Department of Water & Power and many more. Learn more here.
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.[49][50] 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).
Green-e is a voluntary certification program for renewable electricity products. The Green-e program establishes consumer protection and environmental standards for electricity products, and verifies that these products meet the standards. The Green-e logo certifies that at least half the power supplied is from renewable sources. Many products will carry the Green-e logo, and the best way to find the most environmentally sensitive providers is by doing some comparison research. To find out which Green-e certified products are available in your state, visit Green-e's electric choices page. Questions about particular providers can be directed to the Center for Resources Solutions, which administers the Green-e program, at (415) 561-2100.
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).

Technologies promote sustainable energy including renewable energy sources, such as hydroelectricity, solar energy, wind energy, wave power,[citation needed] geothermal energy, bioenergy, tidal power and also technologies designed to improve energy efficiency. Costs have decreased immensely throughout the years, and continue to fall. Increasingly, effective government policies support investor confidence and these markets are expanding. Considerable progress is being made in the energy transition from fossil fuels to ecologically sustainable systems, to the point where many studies support 100% renewable energy.
Several refineries that can process biomass and turn it into ethanol are built by companies such as Iogen, POET, and Abengoa, while other companies such as the Verenium Corporation, Novozymes, and Dyadic International[163] are producing enzymes which could enable future commercialization. The shift from food crop feedstocks to waste residues and native grasses offers significant opportunities for a range of players, from farmers to biotechnology firms, and from project developers to investors.[164]
United Nations' Secretary-General Ban Ki-moon has said that renewable energy has the ability to lift the poorest nations to new levels of prosperity.[14] In October 2011, he "announced the creation of a high-level group to drum up support for energy access, energy efficiency and greater use of renewable energy. The group is to be co-chaired by Kandeh Yumkella, the chair of UN Energy and director general of the UN Industrial Development Organisation, and Charles Holliday, chairman of Bank of America".[147]
Most current solar power plants are made from an array of similar units where each unit is continuously adjusted, e.g., with some step motors, so that the light converter stays in focus of the sun light. The cost of focusing light on converters such as high-power solar panels, Stirling engine, etc. can be dramatically decreased with a simple and efficient rope mechanics.[55] In this technique many units are connected with a network of ropes so that pulling two or three ropes is sufficient to keep all light converters simultaneously in focus as the direction of the sun changes.

The journal, Renewable Energy, seeks to promote and disseminate knowledge on the various topics and technologies of renewable energy systems and components. The journal aims to serve researchers, engineers, economists, manufacturers, NGOs, associations and societies to help them keep abreast of new developments in their specialist fields and to apply alternative energy solutions to current practices.
Wind power - Air flow on the earth's surface can be used to push turbines, with stronger winds producing more energy. High-altitude sites and areas just offshore tend to provide the best conditions for capturing the strongest winds. According to a 2009 study, a network of land-based, 2.5-megawatt wind turbines in rural areas operating at just 20% of their rated capacity could supply 40 times the current worldwide consumption of energy.
Solar heating systems are a well known second-generation technology and generally consist of solar thermal collectors, a fluid system to move the heat from the collector to its point of usage, and a reservoir or tank for heat storage and subsequent use. The systems may be used to heat domestic hot water, swimming pool water, or for space heating.[21] The heat can also be used for industrial applications or as an energy input for other uses such as cooling equipment.[22] In many climates, a solar heating system can provide a very high percentage (20 to 80%) of domestic hot water energy. Energy received from the sun by the earth is that of electromagnetic radiation. Light ranges of visible, infrared, ultraviolet, x-rays, and radio waves received by the earth through solar energy. The highest power of radiation comes from visible light. Solar power is complicated due to changes in seasons and from day to night. Cloud cover can also add to complications of solar energy, and not all radiation from the sun reaches earth because it is absorbed and dispersed due to clouds and gases within the earth's atmospheres.[23]
A solar power tower uses an array of tracking reflectors (heliostats) to concentrate light on a central receiver atop a tower. Power towers can achieve higher (thermal-to-electricity conversion) efficiency than linear tracking CSP schemes and better energy storage capability than dish stirling technologies.[14] The PS10 Solar Power Plant and PS20 solar power plant are examples of this technology.
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