Several large-scale energy storage suggestions for the grid have been done. Worldwide there is over 100 GW of Pumped-storage hydroelectricity. This improves efficiency and decreases energy losses but a conversion to an energy storing mains electricity grid is a very costly solution. Some costs could potentially be reduced by making use of energy storage equipment the consumer buys and not the state. An example is batteries in electric cars that would double as an energy buffer for the electricity grid. However besides the cost, setting-up such a system would still be a very complicated and difficult procedure. Also, energy storage apparatus' as car batteries are also built with materials that pose a threat to the environment (e.g. Lithium). The combined production of batteries for such a large part of the population would still have environmental concerns. Besides car batteries however, other Grid energy storage projects make use of less polluting energy carriers (e.g. compressed air tanks and flywheel energy storage).
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.
Within emerging economies, Brazil comes second to China in terms of clean energy investments. Supported by strong energy policies, Brazil has one of the world’s highest biomass and small-hydro power capacities and is poised for significant growth in wind energy investment. The cumulative investment potential in Brazil from 2010 to 2020 is projected as $67 billion.
In 2014 global wind power capacity expanded 16% to 369,553 MW. Yearly wind energy production is also growing rapidly and has reached around 4% of worldwide electricity usage, 11.4% in the EU, and it is widely used in Asia, and the United States. In 2015, worldwide installed photovoltaics capacity increased to 227 gigawatts (GW), sufficient to supply 1 percent of global electricity demands. Solar thermal energy stations operate in the United States and Spain, and as of 2016, the largest of these is the 392 MW Ivanpah Solar Electric Generating System in California. The world's largest geothermal power installation is The Geysers in California, with a rated capacity of 750 MW. Brazil has one of the largest renewable energy programs in the world, involving production of ethanol fuel from sugar cane, and ethanol now provides 18% of the country's automotive fuel. Ethanol fuel is also widely available in the United States.
Climate change concerns coupled with high oil prices and increasing government support are driving increasing rates of investment in the sustainable energy industries, according to a trend analysis from the United Nations Environment Programme. According to UNEP, global investment in sustainable energy in 2007 was higher than previous levels, with $148 billion of new money raised in 2007, an increase of 60% over 2006. Total financial transactions in sustainable energy, including acquisition activity, was $204 billion.
Solar energy is a flexible energy technology: it can be built as distributed generation (located at or near the point of use) or as a central-station, utility-scale solar power plant (similar to traditional power plants). Both of these methods can also store the energy they produce for distribution after the sun sets, using cutting edge solar + storage technologies.
We harness the earth’s most abundant resources – the strength of the wind, the heat of the sun and the force of water – to power the world’s biggest economies and the most remote communities. Combining onshore and offshore wind, hydro and innovative technologies, GE Renewable Energy has installed more than 400+ gigawatts capacity globally to make the world work better and cleaner.