Year
All the world leaders agree that renewable energy is essential nowadays, and we must take measures to restrict environmental degradation. This thought leads the innovators around the world to come up with new technologies and methods to prevent the catastrophes like climate change, earthquakes, and Tsunamis. The new search for clean energy solutions in the replacement of fossil fuels continues. As a result, the renewable energy market has grown to around $800 billion and is expected to reach $2 trillion by 2030. We’ll share what have been the biggest trends in the market.
The Artificial Intelligence (AI)
Just like every industry, AI is also making an impact on the renewable energy sector. The AI primarily provides forecasts about the supply and demand of electricity along with managing the distribution of resources. The AI forecast ensures the availability of energy or power at the required time and place without any waste. Renewable energy requires AI because this energy is unable to be stored in one place for a longer time, and therefore it should be close to somewhere it is actually required. AI is vital even, according to the World Economic Forum, as one of the important clean energy solutions.
The Internet of Energy (IoE)
It is essential to manage the flow of information that comes along with AI. The internet of Energy is a popular trend, and its demand keeps growing because it upgrades energy production and delivery easily through automation. The decentralized system of energy will have millions of data points for monitoring, and IoE will be able to provide necessary information to the energy producers, utilities, and grid operators for the balance between energy production and demand. The idea of the Internet of Energy is in close association with the concept of power decentralization.
Advanced Renewable Energy Engineering
There is a constant improvement in ways to generate renewable energy especially due to the economic pressure for efficient power generation. This year we can expect upgraded photovoltaic panels for the solar panel and turbine blades for hydropower generation. One instance of advanced engineering is the new blades by one of the American startups, which has a new arrangement of fibers. The structural fiber makes the turbine stronger and even more resistant to environmental damage. This innovation will make the blades more efficient.
Conclusion
People predict several changes this year in terms of clean energy solutions with the ambition of changing the world towards the betterment of all.