With renewable energy achieving more and more parity with non-renewable sources, the grid balancing and storage problem is increasingly apparent. As more renewable energy is added, there is a risk that the much of that energy will be wasted if it is not stored for later use. Fortunately, battery prices are dropping rapidly and research into power-to-X technology are looking promising, with many such solutions expected to enter the global market.
The innovation of bifacial solar panels will decrease solar projects’ levelized cost of energy even further. Bifacial solar panels produce solar power from both sides of the panel while only costing marginally more than traditional solar panels. From private consumers to corporations, states and cities are seeing an increased demand for renewable energy. The private market will continue to push on independently and the further cost reductions of solar energy generation will only lead to an increase in demand. While there are many types of renewable energy- wave energy, geothermal energy and bioenergy, only solar and wind can provide the necessary transformation of energy systems. And this holds true for the global market as well with wind and solar accounting for 96.6 percent of energy generation capacity.
At this juncture, there are a wide variety of solution providers entering the industry with a set of advanced renewable energy solution offerings. To help companies navigate through the best-of-breed renewable energy solution providers, Energy CIO Insights has compiled a list of ‘Top 10 Renewable Energy Solution Providers in Europe – 2020.’ The enlisted organizations offer solutions that reduce the dependence on fossil fuels and help to control the rising air pollution and global warming. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Energy CIO Insights’, “Top 10 Renewable Energy Solution Providers in Europe – 2020.”