“Renewable Energy Market to Garner $2,152 Billion by 2025, Reveals Report” • According to a report published by Allied Market Research, renewables industries will very likely result in an impressive growth for the entire market. It projects the global renewable energy market is to reach in excess of $2,152 billion by 2025. [Interesting Engineering]
The theory of peak oil was published in 1956. In the 1970s environmentalists promoted the development of renewable energy both as a replacement for the eventual depletion of oil, as well as for an escape from dependence on oil, and the first electricity generating wind turbines appeared. Solar had long been used for heating and cooling, but solar panels were too costly to build solar farms until 1980.
The waste we generate ends up in landfills, where it decomposes and produces landfill gas made of approximately 50 percent methane. This gas can be captured and used to fuel electric generators. Since large landfills must burn off this gas to reduce the hazards arising from gas buildup, this method of renewable energy is one of the most successful.
A Wind Turbine Generator is what makes your electricity by converting mechanical energy into electrical energy. Lets be clear here, they do not create energy or produce more electrical energy than the amount of mechanical energy being used to spin the rotor blades. The greater the “load”, or electrical demand placed on the generator, the more mechanical force is required to turn the rotor. This is why generators come in different sizes and produce differing amounts of electricity.
The windwheel of Hero of Alexandria (10 AD – 70 AD) marks one of the first recorded instances of wind powering a machine in history. However, the first known practical wind power plants were built in Sistan, an Eastern province of Persia (now Iran), from the 7th century. These "Panemone" were vertical axle windmills, which had long vertical drive shafts with rectangular blades. Made of six to twelve sails covered in reed matting or cloth material, these windmills were used to grind grain or draw up water, and were used in the gristmilling and sugarcane industries.
Renewable energy variability is a problem for corporate buyers. But what is undesirable to buyers is attractive for insurance companies, whose core business revolves around managing weather-related risks. VFAs sit on top of a new or existing PPA and are effectively designed to pay the corporate buyer when they’re getting less renewable power than they contracted for, and give money to the insurer when there’s more.
There have been "not in my back yard" (NIMBY) concerns relating to the visual and other impacts of some wind farms, with local residents sometimes fighting or blocking construction. In the United States, the Massachusetts Cape Wind project was delayed for years partly because of aesthetic concerns. However, residents in other areas have been more positive. According to a town councilor, the overwhelming majority of locals believe that the Ardrossan Wind Farm in Scotland has enhanced the area.
A wide range of concentrating technologies exists: among the best known are the parabolic trough, the compact linear Fresnel reflector, the Stirling dish and the solar power tower. Various techniques are used to track the sun and focus light. In all of these systems a working fluid is heated by the concentrated sunlight, and is then used for power generation or energy storage. Thermal storage efficiently allows up to 24-hour electricity generation.