Residential Energy Generation and Storage Will Reach $71.6 Billion in Annual Revenue by 2023, Forecasts Navigant Research
Solar photovoltaic (PV) panels, which enable customers to generate some of their own electricity and sell unneeded power back to their utility, are the most visible form of the broad disruption caused by distributed energy resources (DER). The growing affordability of DER technologies is altering utilities’ traditional relationship with residential customers by giving customers greater control of their energy consumption. According to a new report from Navigant Research, worldwide revenue from all forms of residential distributed generation and energy storage will grow from $52.7 billion annually in 2014 to $71.6 billion in 2023.
“Rooftop solar PV is just one of the technologies that are transforming the traditional residential power industry,” says Neil Strother, principal research analyst with Navigant Research. “Some of these technologies, such as residential combined heat and power, are in the early stages of market development, while solar panels are more mature. Nonetheless, these energy innovations and attractive financing mechanisms provide residential customers with new options.”
One key driver for this sector, according to the report, is continuing advances in new technologies, such as more efficient energy storage systems (ESSs). These advances, along with government subsidies for ESSs, often in the form of feed-in tariffs, are enabling the combination of rooftop solar PV systems and residential energy storage in order to collect and store energy for use when sunlight is unavailable or there is a power outage.
EPA Sets Draft Rule to Cut Carbon Emissions by 30% by 2030
The Environmental Protection Agency on Monday released a draft rule to regulate carbon emissions from hundreds of fossil-fired power plants across the U.S., the cornerstone of President Barack Obama's climate-change agenda. The proposed rule mandates that power plants cut U.S. carbon-dioxide emissions 30% by 2030 from levels seen in 2005, an aggressive target that marks the first attempt at limiting such pollution.
The carbon framework seeks to strike a balance between what environmentalists want—an ambitious overall target—with what the utility industry wants—flexibility, a long compliance timeline and an earlier base-year calculation from which to meet the goal. Carbon emissions have dropped since 2005, making the overall reduction smaller than it would have been if the EPA had used a more-recent year for a baseline.
Unorthodox Forms of Alternative Energy
Not all of these technologies will make it out of the concept stage, and many are decades away from becoming practical. What may seem weird today might just be a reality in the future.
Intersolar North America 2014 - Special News Report
News announcements from show. Open for exhibitors - publish your news here.
Learn About Three New Finance Models for Non-Profits Wanting to Go Solar
REC Solar has developed new solar financing partnerships that are tailored to the needs of non-profits, such as churches, hospitals, HOA's, and charitable organizations.
Survival Strategies in the Atacama Desert: Chilean Lithium Miners Manage by Playing the Regs
Lithium is an essential component of batteries for small electronics and large electric vehicles as well as for materials for the housing and construction industry. In this interview with The Mining Report, economist Daniela Desormeaux, founder of signumBOX and widely quoted expert on industrial chemicals, shines a light on the lithium industry for investors looking for a new opportunity.
Custodians Can Help Energy Companies Market Alternative Investments To Self-Directed IRA Investors
Not all custodians will accept IRAs that invest in alternatives but there are many that have specifically developed the expertise to serve this market.
The International Clean Energy Race
The demand on electrical power systems, causing shortages, quality problems, rolling blackouts, and price spikes have caused utility customers to seek other sources of high-quality, reliable electricity.
Developing Renewable Energy Projects on Brownfields: Mitigating Environmental Risks & Liabilities
Although the environmental risks and liabilities associated with brownfields generally diminishes their viability as locations for such facilities, these risks and liabilities can often be sufficiently controlled and minimized through governmental and private party tools to make certain projects worth pursuing.
Half of power plant capacity additions in 2013 came from natural gas
But Solar came second - twice as much as coal - and Wind was 4th (comment from AltEnergyMag)
Why Oil Industry Estimates for Energy Reserves Can Be an X-File
Hopefully, we won't have to deal constantly with misinformation like Mulder and Scully had to when jousting with their malevolent arch-nemesis, the Cigarette Smoking Man. However, be prepared to do some digging to get at the facts.
Distributed Generations Future Impact on the U.S. Capacity Markets
As variable, distributed generation increasingly becomes a prevalent source of generation in regions, changes in capacity market dynamics will have a profound impact on generating assets and their future economic viability.
NextEnergy Drives Investment in Advanced Energy Technologies in Michigan
The global energy future is not about a single technology, it's about a mix of core and enabling technologies that provide a portfolio of options to meet different consumer needs in different settings.
Sustainability for the PV Industry: Field Service
By examining the differences in cost of service and downtime between three types of PV systems, we have demonstrated that the lowest TCO, and thus lowest LCOE, can be achieved by utilizing a field-serviceable string inverter.
Solar Power and the Future Energy Mix
In the near future, as solar becomes even more efficient and cost effective, it will play a larger role in industry and energy production. Plants that primarily burn natural gas for fuel, for example, will increasingly use solar to supplement the process to increase the efficiency of power generation.
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Other Renewables - Featured Product
Vecoplan - Planning and implementation of complete processing plants in refuse derived fuel production
In order to reduce the costs involved in the energy-intensive production of cement, many manufacturers are turning to refuse-derived fuels (RDF), considerably reducing the proportion of expensive primary fuels they would normally use. Solid fuels are being increasingly used - these might be used tyres, waste wood or mixtures of plastics, paper, composite materials and textiles. Vecoplan provides operators of cement plants with proven and robust components for conveying the material and separating iron and impurities, efficient receiving stations, storage systems and, of course, efficient shredders for an output in various qualities.
