For either photovoltaic or thermal systems, one option is to loft them into space, particularly Geosynchronous orbit. To be competitive with Earth-based solar power systems, the specific mass (kg/kW) times the cost to loft mass plus the cost of the parts needs to be $2400 or less. I.e., for a parts cost plus rectenna of $1100/kW, the product of the $/kg and kg/kW must be $1300/kW or less. Thus for 6.5 kg/kW, the transport cost cannot exceed $200/kg. While that will require a 100 to one reduction, SpaceX is targeting a ten to one reduction, Reaction Engines may make a 100 to one reduction possible.
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.
For several years, worldwide growth of solar PV was driven by European deployment, but has since shifted to Asia, especially China and Japan, and to a growing number of countries and regions all over the world, including, but not limited to, Australia, Canada, Chile, India, Israel, Mexico, South Africa, South Korea, Thailand, and the United States.
The Sunforce 44444 400 Watt Wind Generator uses wind to generate power and run your appliances and electronics. Constructed from lightweight, weatherproof cast aluminum, this generator is also a great choice for powering pumps or charging batteries for large power demands. With a maximum power up to 400 watts or 27 amps, this device features a fully integrated regulator that automatically shuts down when the batteries are completely charged. The 44444 is virtually maintenance free with only two moving parts, and the carbon fiber composite blades ensure low wind noise while the patented high wind over speed technology guarantees a smooth, clean charge. Assembly is required, but this generator installs easily and mounts to any sturdy pole, building, or the Sunforce 44455 Wind Generator 30-Foot Tower Kit. The 44444 uses a 12-volt battery (not included) and measures 27 x 44 x 44 inches (LxWxH)
The political purpose of incentive policies for PV is to facilitate an initial small-scale deployment to begin to grow the industry, even where the cost of PV is significantly above grid parity, to allow the industry to achieve the economies of scale necessary to reach grid parity. The policies are implemented to promote national energy independence, high tech job creation and reduction of CO2 emissions. Three incentive mechanisms are often used in combination as investment subsidies: the authorities refund part of the cost of installation of the system, the electricity utility buys PV electricity from the producer under a multiyear contract at a guaranteed rate, and Solar Renewable Energy Certificates (SRECs)
Subsequently, Spain, Italy, Greece—that enjoyed an early success with domestic solar-thermal installations for hot water needs—and France introduced feed-in tariffs. None have replicated the programmed decrease of FIT in new contracts though, making the German incentive relatively less and less attractive compared to other countries. The French and Greek FIT offer a high premium (EUR 0.55/kWh) for building integrated systems. California, Greece, France and Italy have 30–50% more insolation than Germany making them financially more attractive. The Greek domestic "solar roof" programme (adopted in June 2009 for installations up to 10 kW) has internal rates of return of 10–15% at current commercial installation costs, which, furthermore, is tax free.
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).
Cleaner air and water: Burning fossil fuels releases greenhouse gases (GHG) into the atmosphere. GHG contribute to global climate change, rising sea levels and unpredictable weather patterns that can be costly in terms of human and economic losses. Burning fossil fuels also releases contaminants in to the air and water near the power generation source. Alternative energy sources can produce the same electricity in a greener way. You can shrink your carbon footprint, help curb climate change and reduce air and water pollution when you choose renewable electricity.