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.
Any solar PV system that’s tied to the grid will use a bi-directional meter. When you use electricity from the grid, you’ll see your meter move forward. But when your solar PV system produces electricity, any excess will go back into the grid and your meter will move backward. This is called “net metering,” and the utility company will credit your bill for the excess electricity generated.
Photovoltaics (PV) uses solar cells assembled into solar panels to convert sunlight into electricity. It's a fast-growing technology doubling its worldwide installed capacity every couple of years. PV systems range from small, residential and commercial rooftop or building integrated installations, to large utility-scale photovoltaic power station. The predominant PV technology is crystalline silicon, while thin-film solar cell technology accounts for about 10 percent of global photovoltaic deployment. In recent years, PV technology has improved its electricity generating efficiency, reduced the installation cost per watt as well as its energy payback time, and has reached grid parity in at least 30 different markets by 2014. Financial institutions are predicting a second solar "gold rush" in the near future.
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Some of the second-generation renewables, such as wind power, have high potential and have already realised relatively low production costs. At the end of 2008, worldwide wind farm capacity was 120,791 megawatts (MW), representing an increase of 28.8 percent during the year, and wind power produced some 1.3% of global electricity consumption. Wind power accounts for approximately 20% of electricity use in Denmark, 9% in Spain, and 7% in Germany. However, it may be difficult to site wind turbines in some areas for aesthetic or environmental reasons, and it may be difficult to integrate wind power into electricity grids in some cases.
The ability of biomass and biofuels to contribute to a reduction in CO2 emissions is limited because both biomass and biofuels emit large amounts of air pollution when burned and in some cases compete with food supply. Furthermore, biomass and biofuels consume large amounts of water. Other renewable sources such as wind power, photovoltaics, and hydroelectricity have the advantage of being able to conserve water, lower pollution and reduce CO2 emissions.
Solar power panels that use nanotechnology, which can create circuits out of individual silicon molecules, may cost half as much as traditional photovoltaic cells, according to executives and investors involved in developing the products. Nanosolar has secured more than $100 million from investors to build a factory for nanotechnology thin-film solar panels. The company's plant has a planned production capacity of 430 megawatts peak power of solar cells per year. Commercial production started and first panels have been shipped to customers in late 2007.
Home wind turbines are electric generators that convert wind energy into clean, emission-free power. Although most large wind farms exist to power certain towns and communities, there are also smaller wind turbines for homes and homeowners. These smaller turbines can be installed on any part of your property to cover some or even all of your monthly energy needs.
Wind turbines are generally inexpensive. They will produce electricity at between two and six cents per kilowatt hour, which is one of the lowest-priced renewable energy sources. And as technology needed for wind turbines continues to improve, the prices will decrease as well. In addition, there is no competitive market for wind energy, as it does not cost money to get ahold of wind. The main cost of wind turbines are the installation process. The average cost is between $48,000 and $65,000 to install. However, the energy harvested from the turbine will offset the installation cost, as well as provide virtually free energy for years after.
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 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.
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.