Most cars on the road today in the U.S. can run on blends of up to 10% ethanol, and motor vehicle manufacturers already produce vehicles designed to run on much higher ethanol blends. Ford, DaimlerChrysler, and GM are among the automobile companies that sell "flexible-fuel" cars, trucks, and minivans that can use gasoline and ethanol blends ranging from pure gasoline up to 85% ethanol (E85). By mid-2006, there were approximately six million E85-compatible vehicles on U.S. roads.
Research is also undertaken in this field of artificial photosynthesis. It involves the use of nanotechnology to store solar electromagnetic energy in chemical bonds, by splitting water to produce hydrogen fuel or then combining with carbon dioxide to make biopolymers such as methanol. Many large national and regional research projects on artificial photosynthesis are now trying to develop techniques integrating improved light capture, quantum coherence methods of electron transfer and cheap catalytic materials that operate under a variety of atmospheric conditions. Senior researchers in the field have made the public policy case for a Global Project on Artificial Photosynthesis to address critical energy security and environmental sustainability issues.
Within emerging economies, Brazil comes second to China in terms of clean energy investments. Supported by strong energy policies, Brazil has one of the world’s highest biomass and small-hydro power capacities and is poised for significant growth in wind energy investment. The cumulative investment potential in Brazil from 2010 to 2020 is projected as $67 billion.
Shi Zhengrong has said that, as of 2012, unsubsidised solar power is already competitive with fossil fuels in India, Hawaii, Italy and Spain. He said "We are at a tipping point. No longer are renewable power sources like solar and wind a luxury of the rich. They are now starting to compete in the real world without subsidies". "Solar power will be able to compete without subsidies against conventional power sources in half the world by 2015".
Concentrated solar power plants may use thermal storage to store solar energy, such as in high-temperature molten salts. These salts are an effective storage medium because they are low-cost, have a high specific heat capacity, and can deliver heat at temperatures compatible with conventional power systems. This method of energy storage is used, for example, by the Solar Two power station, allowing it to store 1.44 TJ in its 68 m³ storage tank, enough to provide full output for close to 39 hours, with an efficiency of about 99%.
The International Energy Agency projected in 2014 that under its "high renewables" scenario, by 2050, solar photovoltaics and concentrated solar power would contribute about 16 and 11 percent, respectively, of the worldwide electricity consumption, and solar would be the world's largest source of electricity. Most solar installations would be in China and India. In 2017, solar power provided 1.7% of total worldwide electricity production, growing at 35% per annum.