The cost of operating consistent and reliable power systems is always a challenge for companies. Maintenance, upgrades, and disaster recovery can take a chunk out of budgets and eat away at profit margins. As the cost of renewable energy sources drops every year, does it still make financial sense to keep using more traditional sources? Read on to learn more.
One of the most hotly-contested topics in energy is the role of renewables. Clean energy sources are now emerging as a viable replacement for fossil fuels. Solar power, wind power, geothermal power, hydropower, ocean power, tidal power, and biomass are all sources that are gaining strength around the world. But how efficient are these sources and how do they compare to more tradition
There is a common misconception that renewable energy (RE) is expensive and non-competitive with conventional fossil fuels. With the help of technological advancements, RE has grown into a more cost-competitive and reliable power source. Since 2000, RE has declined in price by 70% with further projection to drop another 50% by 2025. This makes it one of the cheapest sources of energy
The wind is renewable, causes no pollution, and is endlessly variable. It's no surprise that, for these reasons, it is undergoing rapid growth globally. Recent research efforts are aimed at addressing the challenges to make better use of wind energy. Read on to learn about the main advantages of this renewable energy source and the main challenges it's working to overcome.