According to the International Energy Agency, new bioenergy (biofuel) technologies being developed today, notably cellulosic ethanol biorefineries, could allow biofuels to play a much bigger role in the future than previously thought. Cellulosic ethanol can be made from plant matter composed primarily of inedible cellulose fibers that form the stems and branches of most plants. Crop residues (such as corn stalks, wheat straw and rice straw), wood waste and municipal solid waste are potential sources of cellulosic biomass. Dedicated energy crops, such as switchgrass, are also promising cellulose sources that can be sustainably produced in many regions of the United States.
In 2007, General Electric's Chief Engineer predicted grid parity without subsidies in sunny parts of the United States by around 2015; other companies predicted an earlier date: the cost of solar power will be below grid parity for more than half of residential customers and 10% of commercial customers in the OECD, as long as grid electricity prices do not decrease through 2010.
The expansion is thanks largely to innovation on the policy front, which has opened up opportunities in regulated electricity markets. The number of corporate renewable energy deals signed under utility green tariff programs continues to grow, representing around 25 percent of corporate renewables procurement so far this year. At the same time, utilities are incorporating corporate renewables into their long-term planning — and thinking about solutions beyond green tariffs to better meet the needs of existing corporate customers and smaller loads.
Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV), indirectly using concentrated solar power, or a combination. Concentrated solar power systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. Photovoltaic cells convert light into an electric current using the photovoltaic effect.