In terms of ocean energy, another third-generation technology, Portugal has the world's first commercial wave farm, the Aguçadora Wave Park, under construction in 2007. The farm will initially use three Pelamis P-750 machines generating 2.25 MW. and costs are put at 8.5 million euro. Subject to successful operation, a further 70 million euro is likely to be invested before 2009 on a further 28 machines to generate 525 MW. Funding for a wave farm in Scotland was announced in February, 2007 by the Scottish Executive, at a cost of over 4 million pounds, as part of a £13 million funding packages for ocean power in Scotland. The farm will be the world's largest with a capacity of 3 MW generated by four Pelamis machines. (see also Wave farm).
Enhanced geothermal systems (EGS) are a new type of geothermal power technologies that do not require natural convective hydrothermal resources. The vast majority of geothermal energy within drilling reach is in dry and non-porous rock. EGS technologies "enhance" and/or create geothermal resources in this "hot dry rock (HDR)" through hydraulic stimulation. EGS and HDR technologies, such as hydrothermal geothermal, are expected to be baseload resources which produce power 24 hours a day like a fossil plant. Distinct from hydrothermal, HDR and EGS may be feasible anywhere in the world, depending on the economic limits of drill depth. Good locations are over deep granite covered by a thick (3–5 km) layer of insulating sediments which slow heat loss. There are HDR and EGS systems currently being developed and tested in France, Australia, Japan, Germany, the U.S. and Switzerland. The largest EGS project in the world is a 25 megawatt demonstration plant currently being developed in the Cooper Basin, Australia. The Cooper Basin has the potential to generate 5,000–10,000 MW.
Renewable energy technology has sometimes been seen as a costly luxury item by critics, and affordable only in the affluent developed world. This erroneous view has persisted for many years, but 2015 was the first year when investment in non-hydro renewables, was higher in developing countries, with $156 billion invested, mainly in China, India, and Brazil.
There are potentially two sources of nuclear power. Fission is used in all current nuclear power plants. Fusion is the reaction that exists in stars, including the sun, and remains impractical for use on Earth, as fusion reactors are not yet available. However nuclear power is controversial politically and scientifically due to concerns about radioactive waste disposal, safety, the risks of a severe accident, and technical and economical problems in dismantling of old power plants.
America is embracing renewables, slowly. In 2016, Massachusetts passed a law promoting a huge investment in wind and hydropower; the first megawatt is expected to hit the grid in 2020. Early this year New York State announced plans to spend 12 years building the infrastructure for a $6 billion offshore wind power industry. Hawaii has pledged to be powered entirely by renewable energy—in 2045. Atlanta’s goal is 2035 and San Francisco’s is 2030. Typically, plans to convert to sustainable energy stretch on for decades.
Many industrialized nations have installed significant solar power capacity into their grids to supplement or provide an alternative to conventional energy sources while an increasing number of less developed nations have turned to solar to reduce dependence on expensive imported fuels (see solar power by country). Long distance transmission allows remote renewable energy resources to displace fossil fuel consumption. Solar power plants use one of two technologies: