5 Stories Highlighting the Clean Energy Transition

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Over nan past decade aliases more, nan power manufacture has been undergoing a awesome transition. 

This includes generating much power from renewable sources for illustration wind, star and hydro, encouraging nan maturation of technologies for illustration electrical vehicles (EVs), power pumps and smart thermostats, and overmuch more.

In 2023, this inclination has continued, and done nan first half of nan year, location person been a number of facts and figures that showcase conscionable really quickly nan manufacture is moving toward a smarter, cleaner and much businesslike future.

In this month’s blog, we’ll look astatine 5 caller stories that item nan cleanable power transition:

1. Heat pumps are trading faster than state furnaces for nan first time.

Air-source power pumps are wide considered 1 of nan cardinal technologies for decarbonizing American homes. Not only do they power and cool homes without nan usage of fossil fuels, they do truthful while utilizing 60-70 percent little energy than accepted options for illustration a state furnace, boiler aliases electrical radiator.

Now, a caller report from nan International Energy Agency (IEA) shows that liking successful businesslike technologies for illustration power pumps is surging and that residential power pump income really exceeded state furnaces successful nan United States for nan first clip past twelvemonth – totaling 53 percent of each heating strategy sales.

2. A caller instrumentality intends to thief you entree cleanable power rebates and incentives.

When the Inflation Reduction Act (IRA) was passed into rule past August, it created a caller scenery for cleanable power upgrades. Widely touted arsenic nan astir important ambiance authorities successful U.S. history, nan IRA offers Americans rebates aliases taxation credits for power pumps, weatherization, artillery storage, rooftop solar, EVs and more.

Accessing these incentives, however, has been unclear for galore consumers. But, recently, nan U.S. Department of Energy launched “the Energy Savings Hub, a one-stop shop to put those taxation credits and rebates astatine consumers’ fingertips.” The caller instrumentality shows you applicable upgrades based connected nan info you input and shows you precisely really nan authorities will thief salary for them.

3. Global cleanable power investments widen lead connected fossil substance investments.

The modulation distant from fossil fuels to renewable power sources, specified arsenic solar, upwind and hydro, has been going connected for years now. However, according to precocious released information from IEA, that modulation has been accelerating complete nan past mates of years and precocious deed a awesome milestone.

In 2023, it’s projected that nan world will put astir $1.7 trillion successful cleanable power – importantly much than nan astir $1 trillion expected for fossil fuels. Just a fewer years ago, backmost successful 2018, investments were astir equal, and successful 2015, location was still substantially much costs flowing into fossil fuels than renewable energy.

4. Wind and star power procreation is outpacing ember truthful acold this year.

While ember was one-time king, much and much signs constituent to it being clip for renewables to shine. According to a caller analysis of U.S. authorities data, upwind and star generated much energy than ember successful nan first 5 months of nan year, marking nan first clip that renewables person outpaced ember complete a five-month span.

There are different beardown signs for upwind energy. According to data from Wood Mackenzie, upwind turbine manufacturers received a grounds 23.5 gigawatts (GW) of orders during nan first 4th of nan year, a 27-percent year-over-year increase. The researchers besides noted that nan opening of nan twelvemonth is typically slow for upwind turbine orders, and maturation is apt to proceed to ramp up done nan remainder of 2023.

5. Battery retention capacity continues its awesome maturation successful nan first quarter.

Finally, artillery storage, an basal portion successful nan modulation to a cleaner power economy, is besides seeing beardown maturation truthful acold successful 2023. According to S&P Global, “battery retention capacity successful nan U.S. accrued by 52 percent year-over-year, to 10.8 GW by nan extremity of nan first quarter.” The caller study besides noted that maturation is expected to proceed successful nan 2nd quarter.

Energy retention helps nan grid to merge renewables and tin beryllium seen arsenic “an enabling exertion for different cleanable power technologies”. Since star panels and upwind turbines aren’t ever producing electricity, batteries tin shop this renewable power erstwhile it’s plentiful and past dispatch that energy to nan powerfulness grid erstwhile it’s needed.

These 5 stories show that 2023 is shaping up to beryllium a awesome twelvemonth for nan cleanable power transition, but there’s overmuch much to travel arsenic we’re still astatine nan comparatively early stages. Keep an oculus retired for early blog posts arsenic we proceed to way nan modulation to renewables, electrical vehicles, power ratio and more.

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Smart Energy