As of 2018, American electric utility companies are planning new or extra renewable energy investments. These investments are particularly aimed at solar energy, thanks to the Tax Cuts and Jobs Act of 2017 being signed into law. The law retained incentives for renewable energy development. Utility companies are taking advantage of the federal solar investment tax credit before it permanently goes down to 10% after 2021. According to the March 28 S&P Global Market Intelligence report summary, "NextEra Energy Inc., Duke Energy Corp., and Dominion Energy Inc.’s utilities are among a number of companies in the sector contemplating significant solar investments in the near-term. Other companies, including Xcel Energy Inc. and Alliant Energy Corp., are undertaking large wind projects in the near-term, but are considering ramping up solar investments in the coming years."
Renewable energy is derived from natural processes that are replenished constantly. In its various forms, it derives directly from the sun, or from heat generated deep within the earth. Included in the definition is electricity and heat generated from solar, wind, ocean, hydropower, biomass, geothermal resources, and biofuels and hydrogen derived from renewable resources.
Wind is a form of solar energy and is a result of the uneven heating of the atmosphere by the sun, the irregularities of the earth's surface, and the rotation of the earth. Wind flow patterns and speeds vary greatly across the United States and are modified by bodies of water, vegetation, and differences in terrain. Humans use this wind flow, or motion energy, for many purposes: sailing, flying a kite, and even generating electricity.
Large three-bladed horizontal-axis wind turbines (HAWT), with the blades upwind of the tower produce the overwhelming majority of windpower in the world today. These turbines have the main rotor shaft and electrical generator at the top of a tower, and must be pointed into the wind. Small turbines are pointed by a simple wind vane, while large turbines generally use a wind sensor coupled with a yaw system. Most have a gearbox, which turns the slow rotation of the blades into a quicker rotation that is more suitable to drive an electrical generator. Some turbines use a different type of generator suited to slower rotational speed input. These don't need a gearbox, and are called direct-drive, meaning they couple the rotor directly to the generator with no gearbox in between. While permanent magnet direct-drive generators can be more costly due to the rare earth materials required, these gearless turbines are sometimes preferred over gearbox generators because they "eliminate the gear-speed increaser, which is susceptible to significant accumulated fatigue torque loading, related reliability issues, and maintenance costs."
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%.
Besides getting a working product, the one measure you are after as a small wind turbine owner is how much electrical energy it will produce for your location. Hopefully by now you know the annual average wind speed for the height that you are planning to put your turbine at, and you have selected a site with little turbulence. Forget about the manufacturer’s claims; it turns out that the best predictors for turbine energy production are the diameter and average wind speed. Here is an equation that will calculate approximate annual average energy production for a grid-tie horizontal axis turbine of reasonable efficiency:
Because one obstacle to adopting wind and solar power is reliability—what happens on calm, cloudy days?—recent improvements in energy-storage technology, a.k.a. batteries, are helping accelerate adoption of renewables. Last May, for example, Tucson Electric Power signed a deal for solar energy with storage, which can mitigate (if not entirely resolve) concerns about how to provide power on gray days. The storage upped the energy cost by $15 per megawatt hour. By the end of the year, the Public Service Company of Colorado had been quoted a storage fee that increased the cost of a megawatt hour by only $3 to $7, a drop of more than 50 percent. In a landmark achievement, Tesla installed the world’s largest lithium-ion battery in South Australia last December, to store wind-generated power. But by then Hyundai Electric was at work in the South Korean metropolis of Ulsan on a battery that was 50 percent bigger.
Compact Linear Fresnel Reflectors are CSP-plants which use many thin mirror strips instead of parabolic mirrors to concentrate sunlight onto two tubes with working fluid. This has the advantage that flat mirrors can be used which are much cheaper than parabolic mirrors, and that more reflectors can be placed in the same amount of space, allowing more of the available sunlight to be used. Concentrating linear fresnel reflectors can be used in either large or more compact plants.
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.