2010 was a record year for green energy investments. According to a report from Bloomberg New Energy Finance, nearly US $243 billion was invested in wind farms, solar power, electric cars, and other alternative technologies worldwide, representing a 30 percent increase from 2009 and nearly five times the money invested in 2004. China had $51.1 billion investment in clean energy projects in 2010, by far the largest figure for any country.[155]
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.[150] Both the National Renewable Energy Laboratory[151] and Sandia National Laboratories[152] 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.[153]
Several groups in various sectors are conducting research on Jatropha curcas, a poisonous shrub-like tree that produces seeds considered by many to be a viable source of biofuels feedstock oil.[117] Much of this research focuses on improving the overall per acre oil yield of Jatropha through advancements in genetics, soil science, and horticultural practices. SG Biofuels, a San Diego-based Jatropha developer, has used molecular breeding and biotechnology to produce elite hybrid seeds of Jatropha that show significant yield improvements over first generation varieties.[118] The Center for Sustainable Energy Farming (CfSEF) is a Los Angeles-based non-profit research organization dedicated to Jatropha research in the areas of plant science, agronomy, and horticulture. Successful exploration of these disciplines is projected to increase Jatropha farm production yields by 200-300% in the next ten years.[119]
In net metering the price of the electricity produced is the same as the price supplied to the consumer, and the consumer is billed on the difference between production and consumption. Net metering can usually be done with no changes to standard electricity meters, which accurately measure power in both directions and automatically report the difference, and because it allows homeowners and businesses to generate electricity at a different time from consumption, effectively using the grid as a giant storage battery. With net metering, deficits are billed each month while surpluses are rolled over to the following month. Best practices call for perpetual roll over of kWh credits.[97] Excess credits upon termination of service are either lost, or paid for at a rate ranging from wholesale to retail rate or above, as can be excess annual credits. In New Jersey, annual excess credits are paid at the wholesale rate, as are left over credits when a customer terminates service.[98]
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:[85] 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.[81]
The time will arrive when the industry of Europe will cease to find those natural resources, so necessary for it. Petroleum springs and coal mines are not inexhaustible but are rapidly diminishing in many places. Will man, then, return to the power of water and wind? Or will he emigrate where the most powerful source of heat sends its rays to all? History will show what will come.[35]
Index of solar energy articles List of concentrating solar thermal power companies List of photovoltaics companies List of photovoltaic power stations List of pioneering solar buildings List of rooftop photovoltaic installations List of solar car teams List of solar powered products List of solar thermal power stations People associated with solar power
You have read this far, and still want to install a wind turbine? Then it is time for a reality check: Most (some would say all) installed small wind turbines do abysmally poor in comparison with their energy production numbers as calculated above. That is the message from a number of studies, usually on behalf of governments that subsidize wind turbines. Do not just take our word for this, read it for yourself:
Responsible development of all of America’s rich energy resources -- including solar, wind, water, geothermal, bioenergy & nuclear -- will help ensure America’s continued leadership in clean energy. Moving forward, the Energy Department will continue to drive strategic investments in the transition to a cleaner, domestic and more secure energy future.
Infinitemall stands behind their products and is willing to bend over backwards to help the customer. I live in rural Alaska, power here is very expensive and is generated mainly by diesel generators. My family and I are constructing a grid-tied alternative energy home. Outback Inverters and charge controllers are at the heart of the system, with a total of 8KW in solar panels and 5kw in wind generators. I have also constructed a D/C generator using an old 4 wheeler motor and 2 MWS Freedom II Generals that produces an easy 3.5kw at low engine rpms. The system totals close to 20kw in all. I purchased this wind mill to replace an older wind mill that I had built a few years ago using Windy Nations PMG. When I received the wind generator, I was disappointed to find that the center hole for the shaft had not been machined. Infintemall was very helpful, they got a new turbine out to me right away, and even paid for the defective unit to be returned. All said and done, they are a great company to deal with and I would highly recommend their turbine. It is very quiet, and quite powerful.
As the cost of solar electricity has fallen, the number of grid-connected solar PV systems has grown into the millions and utility-scale solar power stations with hundreds of megawatts are being built. Solar PV is rapidly becoming an inexpensive, low-carbon technology to harness renewable energy from the Sun. The current largest photovoltaic power station in the world is the 850 MW Longyangxia Dam Solar Park, in Qinghai, China.