What’s Trending in Renewable Energy
The renewable energy business has a bright future ahead of it, but it also faces significant challenges.
The business is expected to look for new ways to address climate change in the face of possibly favorable measures from a future government.
Next Generation Clean Energy
With the help of investors and DOE initiatives, the commercialization of next-generation clean energy technology is expected to continue.
There has been an increase in interest in these technologies due to their versatility and simplicity of usage.
With a goal to dominate the energy resource competition, the solar sector is expected to keep looking for new methods of creating value, such as increasing the solar-plus-storage market.
Floating solar PV projects, as well as community solar legislation, might open up new solar development opportunities in the United States.
FERC: Trending in Renewable Energy
In order to transmit these renewable energy supplies to customers, new interstate transmission lines and increased usage of existing lines are necessary.
Proposed guidelines by the Federal Energy Regulatory Commission (FERC) to enhance the transmission planning process are supporting these aims.
Similar to current standards for natural gas pipelines, the Infrastructure Investment and Jobs Act (IIJA) gives FERC more power to approve transmission projects.
Transmission infrastructure may be developed with the aid of this, as well as investments in cutting-edge technology like dynamic line ratings.
Supply Chain: Trending in Renewable Energy
There is expected to be a significant industry emphasis on supply chain security in the wake of recent disruptions, particularly in the solar sector.
In addition, some developers may resort to methods such as renegotiating power purchase agreements, while others are just waiting and seeing.
Recovering and reusing trash from renewable energy sources is a key part of the industry’s sustainability efforts.
New prospects for the renewable energy sector are expected to arise as a result of laws pending in certain jurisdictions regarding the recycling of PV modules.
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