New clean energy technology is helping to make the energy supply more secure and reducing its impact on climate change. In 2022, we should see more efficient use of power and renewables. For those positive forecasts to be fulfilled, energy investments this year have to accentuate risk/reward performance rations by demonstrating reliability across renewable energy solutions portfolios.
Sustainability In Next-Generational Technologies
The investments will need to improve the environmental sustainability of the technologies, deliver products with reduced greenhouse gas emissions, and improve environmental performance regarding water use, circularity, and ecosystems.
Actions have to boost the environmental sustainability of the technologies to stay within the “do no harm” principle. Delivering products with less greenhouse gas emissions has to be achieved also. It’s also important for the actions of the next-gen clean energy tech to improve environmental performance through:
● Circularity
● Ecosystems
● Pollution
● Water use
Activity in the next generation of technologies is expanding exponentially. For example, energy industry stakeholders integrate more wind and solar into the electric grid. Pilot projects and private investments that are combined with research support are helping the commercialization of emerging technologies move along quicker. This includes long-duration storage forms such as advanced batteries.
These technologies can provide carbon-free electricity and seasonal electricity storage while easing grid congestion and increasing the reliability of solar and wind and all clean energies. They can allow us to move towards having 100% clean energy. They could also help ease congestion on the power grid, prevent curtailment of solar and wind power, improve grid reliability.
Benefits of Creating Renewable Services and Technologies
● Decentralized, large-scale deployment creates the pathway for more jobs compared to its fossil fuel equivalent.
● Households and industries have an uninterrupted energy supply. This happens through the high penetration of variable renewables, as well as other low-carbon energy supplies that are newer.
● It’s important to have balance in terms of affordable, diverse, secure, and sustainable renewable energy technologies and/or services. That way, the global value chains have better competitiveness and their growing market position improves also.
● Next-generation clean energy technologies afford ways to replace or substitute carbon from fossil origins in sectors like power and other economic ones (transportation, agriculture, heating/cooling, and more).
Solar
Clean energy technologies are important to many people. The solar industry, in particular, is reinventing itself that helps its appeal. Over the past decade, solar photovoltaic (PV) systems declined in cost at a rate of 85%. That made them the more cost-competitive resources readily available in the market.
Industry-growing buildouts of solar-plus-storage will definitely be a big this year, alongside expanding solar community projects to new markets and looking into floating solar PV modules. According to research, pairing storage with solar offers operational efficiencies, cost synergies, and the chance for storage capital costs to be reduced (thanks to the solar investment tax credit).
Conclusion
2022 is poised to be the year for next-generation clean energy technologies to thrive, including the likes of solar. Actions are being taken to stick by the “do no harm” principle with regards to the environment for technology to be more sustainable. Creating renewable services and technologies is beneficial in multiple ways.
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Written by Daniele Paoletti