By Michael McDonald for OilPrice.com:  As the oil price bust continues, renewable energy and sustainability innovation is continuing unabated. For instance, an architecture company recently unveiled a set of plans for a smart floating farm project that helps preserve land space and improve food production efficiency. The plans are just hypothetical at this point and it is unclear if they will ever be built, but that’s not really the point. The project shows that, around the world, companies and individuals continue to devote time and resources to innovation in sustainable living.

In a similar vein for instance, in the solar field, small companies are creating a host of new innovative products like new inverters and module level electronics. Many of these innovations may seem trivial and iterative. And many are, but a series of trivial and iterative innovations can still lead to big change and that has solar proponents excited. 

Big changes are also occurring on more visible systems. A company called Ripasso Energy is pushing its new, more efficient solar generators. In a highly visible effort, Tesla is pressing ahead with its home and business battery storage systems. Desalinization with solar and even solar planes are also on the horizon.

The vast majority of these innovations are too early stage for investors to make serious bets on, and even if an investor could be in on an individual technology, that approach is risky. Instead, investors are better off putting their dollars into firms that consistently show an innovative spirit and are pressing forward with a broad portfolio of product innovations. These kinds of broad sets of innovations are important to the future of the planet and they can generate serious returns for sage investors as well.  Cont'd...