Smart grid refers to a class of technology people are using to bring utility electricity delivery systems into the 21st century, using computer-based remote control and automation.[65] These systems are made possible by two-way communication technology and computer processing that has been used for decades in other industries. They are beginning to be used on electricity networks, from the power plants and wind farms all the way to the consumers of electricity in homes and businesses. They offer many benefits to utilities and consumers—mostly seen in big improvements in energy efficiency on the electricity grid and in the energy users’ homes and offices.[65]
Common battery technologies used in today's home PV systems include, the valve regulated lead-acid battery– a modified version of the conventional lead–acid battery, nickel–cadmium and lithium-ion batteries. Lead-acid batteries are currently the predominant technology used in small-scale, residential PV systems, due to their high reliability, low self discharge and investment and maintenance costs, despite shorter lifetime and lower energy density. However, lithium-ion batteries have the potential to replace lead-acid batteries in the near future, as they are being intensively developed and lower prices are expected due to economies of scale provided by large production facilities such as the Gigafactory 1. In addition, the Li-ion batteries of plug-in electric cars may serve as a future storage devices in a vehicle-to-grid system. Since most vehicles are parked an average of 95 percent of the time, their batteries could be used to let electricity flow from the car to the power lines and back. Other rechargeable batteries used for distributed PV systems include, sodium–sulfur and vanadium redox batteries, two prominent types of a molten salt and a flow battery, respectively.[114][115][116]
Renewable energy technology has sometimes been seen as a costly luxury item by critics, and affordable only in the affluent developed world. This erroneous view has persisted for many years, but 2015 was the first year when investment in non-hydro renewables, was higher in developing countries, with $156 billion invested, mainly in China, India, and Brazil.[134]
The stiffness of composites is determined by the stiffness of fibers and their volume content. Typically, E-glass fibers are used as main reinforcement in the composites. Typically, the glass/epoxy composites for wind blades contain up to 75 weight % glass. This increases the stiffness, tensile and compression strength. A promising source of the composite materials in the future is glass fibers with modified compositions like S-glass, R-glass etc. Some other special glasses developed by Owens Corning are ECRGLAS, Advantex and most recently WindStrand glass fibers. [49]
Many industrialized nations have installed significant solar power capacity into their grids to supplement or provide an alternative to conventional energy sources while an increasing number of less developed nations have turned to solar to reduce dependence on expensive imported fuels (see solar power by country). Long distance transmission allows remote renewable energy resources to displace fossil fuel consumption. Solar power plants use one of two technologies: