The renewable energy space is going mainstream with state-of-the-art solar and wind technologies that provide predictable long-term returns. Innovative energy storage technologies, digitalization across power and transport sectors, and a significant leap in unlocking the potential of green hydrogen and biofuels are thrusting the global renewable energy sector toward secure, green, and affordable energy generation.
On account of these proactive advancements, the global renewable energy market is forecasted to be worth $1977.6 billion in 2030, as per the latest market analysis reports. The reports identify the market to witness a growth spike at a CAGR of 8.4 percent during the forecast period. A significant increase in utilizing localized energy procurement and geothermal heat pumps in residential applications is propelling the renewable energy market. The burgeoning market growth is also partly due to the growing concerns related to climate change and increasing pollution levels.
This edition of Energy Tech Review brings forth the most influential developments in the renewable energy space that are aimed at creating more efficient and sustainable forms of energy generation and utilization while reversing the effects of global warming. The edition features thought leadership articles from Justin Tait, Head of Sustainability in Europe at Enviva, who sheds light on the significance of verifying the accuracy of forest-based energy sourcing activities to ensure supply chain traceability. It also brings into the spotlight the invaluable insights from Emma Romack, Senior Analyst, and Rodica Donaldson, Senior Director, Transmission Analytics at EDF Renewables, who talk about mitigating congestion-driven risk through financial transmission rights, sponsored upgrades, grid enhancing technologies, and improved transmission planning processes.
Along with these critical insights from industry experts, the edition features The Megawatt Group, which is leading the solar revolution in the U.S. by providing solar buyers with end-to-end procurement, legal, logistics, and project management support under one evergreen customer contract.
We hope this edition shows you the path to finding the most appropriate renewable energy solution provider that will assist you with the industry-best approaches to drive efficiency in renewable energy generation operations and support the world’s transition to clean energy.