As of 2012, the Alta Wind Energy Center (California, 1,020 MW) is the world's largest wind farm. The London Array (630 MW) is the largest offshore wind farm in the world. The United Kingdom is the world's leading generator of offshore wind power, followed by Denmark. There are several large offshore wind farms operational and under construction and these include Anholt (400 MW), BARD (400 MW), Clyde (548 MW), Fântânele-Cogealac (600 MW), Greater Gabbard (500 MW), Lincs (270 MW), London Array (630 MW), Lower Snake River (343 MW), Macarthur (420 MW), Shepherds Flat (845 MW), and the Sheringham Shoal (317 MW).
Besides the greening of fossil fuel and nuclear power plants, another option is the distribution and immediate use of power from solely renewable sources. In this set-up energy storage is again not necessary. For example, TREC has proposed to distribute solar power from the Sahara to Europe. Europe can distribute wind and ocean power to the Sahara and other countries. In this way, power is produced at any given time as at any point of the planet as the sun or the wind is up or ocean waves and currents are stirring. This option however is probably not possible in the short-term, as fossil fuel and nuclear power are still the main sources of energy on the mains electricity net and replacing them will not be possible overnight.
The conversion of the rotational mechanical power generated by the rotor blades (known as the prime mover) into useful electrical power for use in domestic power and lighting applications or to charge batteries can be accomplished by any one of the following major types of rotational electrical machines commonly used in a wind power generating systems:
Over $1 billion of federal money has been spent on the research and development of hydrogen and a medium for energy storage in the United States. Both the National Renewable Energy Laboratory and Sandia National Laboratories have departments dedicated to hydrogen research. Hydrogen is useful for energy storage, and for use in airplanes and ships, but is not practical for automobile use, as it is not very efficient, compared to using a battery — for the same cost a person can travel three times as far using a battery electric vehicle.
The market for renewable energy technologies has continued to grow. Climate change concerns and increasing in green jobs, coupled with high oil prices, peak oil, oil wars, oil spills, promotion of electric vehicles and renewable electricity, nuclear disasters and increasing government support, are driving increasing renewable energy legislation, incentives and commercialization. New government spending, regulation and policies helped the industry weather the 2009 economic crisis better than many other sectors.
Second-generation technologies include solar heating and cooling, wind power, modern forms of bioenergy and solar photovoltaics. These are now entering markets as a result of research, development and demonstration (RD&D) investments since the 1980s. The initial investment was prompted by energy security concerns linked to the oil crises (1973 and 1979) of the 1970s but the continuing appeal of these renewables is due, at least in part, to environmental benefits. Many of the technologies reflect significant advancements in materials.
Energy storage is a collection of methods used to store electrical energy on an electrical power grid, or off it. Electrical energy is stored during times when production (especially from intermittent power plants such as renewable electricity sources such as wind power, tidal power, solar power) exceeds consumption, and returned to the grid when production falls below consumption. Pumped-storage hydroelectricity is used for more than 90% of all grid power storage. Costs of lithium ion batteries are dropping rapidly, and are increasingly being deployed as fast acting sources of grid power (i.e. operating reserve) and for domestic storage.
Renewable energy technologies are getting cheaper, through technological change and through the benefits of mass production and market competition. A 2011 IEA report said: "A portfolio of renewable energy technologies is becoming cost-competitive in an increasingly broad range of circumstances, in some cases providing investment opportunities without the need for specific economic support," and added that "cost reductions in critical technologies, such as wind and solar, are set to continue."