Energy Future is Green & Sustainable
The global economy is rapidly working on switching energy sources. Due to climate change concerns, the world is moving away from carbon-based fossil fuels to alternative energy sources, including renewable energy. Renewable energy plays a crucial role in this energy transition.
The industry has been growing briskly, quadrupling its electricity generating capacity over the past decade. The importance of transition from conventional energy resources to renewable sources is increasing day by day. Green energy is the only solution to greater sustainability. According to the Environmental Protection Agency (EPA), green energy provides the highest environmental benefit and includes power produced by solar, wind, geothermal, biogas, low-impact hydroelectric, and certain eligible biomass sources.
Good for the planet, key to the future - that’s what usually comes to mind when we talk about renewable energy start-ups. This is exactly why we need to be on the lookout for revolutionary ideas and encourage the growth of disruptive and promising renewable energy startups. After all, energy tech solution companies are on their way to becoming an integral part of our transition into renewable energy. The Institute for Energy Economics and Financial Analysis and Climate Energy Finance estimated that India, the third largest energy-consuming country in the world, will reach 405 gigawatts of renewable energy capacity by 2030. It's expected to surpass the government's target of producing 50 percent of its electricity from non-fossil fuel sources by the end of the decade.
The general idea of renewable energy is pretty consistent in its ideology, the types of projects vary greatly from one technology to the other, and from one business model to the next. Renewable energy startups come in all shapes and sizes - yes, some companies develop solar and wind energy technologies, but some energy tech solution companies simply facilitate the development and financing of such projects. Other renewable energy startups come up with eco-friendly, efficient grid batteries, or explore the potential of microgrids to utilize the local climate to their advantage.
Thence, climate change and socially responsible investing are major catalysts for the clean energy revolution. The trend will drive trillions of dollars of investment in renewable energy in the decades ahead.
The industry has been growing briskly, quadrupling its electricity generating capacity over the past decade. The importance of transition from conventional energy resources to renewable sources is increasing day by day. Green energy is the only solution to greater sustainability. According to the Environmental Protection Agency (EPA), green energy provides the highest environmental benefit and includes power produced by solar, wind, geothermal, biogas, low-impact hydroelectric, and certain eligible biomass sources.
Good for the planet, key to the future - that’s what usually comes to mind when we talk about renewable energy start-ups. This is exactly why we need to be on the lookout for revolutionary ideas and encourage the growth of disruptive and promising renewable energy startups. After all, energy tech solution companies are on their way to becoming an integral part of our transition into renewable energy. The Institute for Energy Economics and Financial Analysis and Climate Energy Finance estimated that India, the third largest energy-consuming country in the world, will reach 405 gigawatts of renewable energy capacity by 2030. It's expected to surpass the government's target of producing 50 percent of its electricity from non-fossil fuel sources by the end of the decade.
The general idea of renewable energy is pretty consistent in its ideology, the types of projects vary greatly from one technology to the other, and from one business model to the next. Renewable energy startups come in all shapes and sizes - yes, some companies develop solar and wind energy technologies, but some energy tech solution companies simply facilitate the development and financing of such projects. Other renewable energy startups come up with eco-friendly, efficient grid batteries, or explore the potential of microgrids to utilize the local climate to their advantage.
Thence, climate change and socially responsible investing are major catalysts for the clean energy revolution. The trend will drive trillions of dollars of investment in renewable energy in the decades ahead.
