The Cost of Renewable Energy: Past and Future

Author(s):  
Kirsten Halsnæs ◽  
Kenneth Karlsson
Keyword(s):  
2020 ◽  
Vol 119 (820) ◽  
pp. 317-322
Author(s):  
Michael T. Klare

By transforming patterns of travel and work around the world, the COVID-19 pandemic is accelerating the transition to renewable energy and the decline of fossil fuels. Lockdowns brought car commuting and plane travel to a near halt, and the mass experiment in which white-collar employees have been working from home may permanently reduce energy consumption for business travel. Renewable energy and electric vehicles were already gaining market share before the pandemic. Under pressure from investors, major energy companies have started writing off fossil fuel reserves as stranded assets that are no longer worth the cost of extracting. These shifts may indicate that “peak oil demand” has arrived earlier than expected.


RSC Advances ◽  
2021 ◽  
Vol 11 (10) ◽  
pp. 5432-5443
Author(s):  
Shyam K. Pahari ◽  
Tugba Ceren Gokoglan ◽  
Benjoe Rey B. Visayas ◽  
Jennifer Woehl ◽  
James A. Golen ◽  
...  

With the cost of renewable energy near parity with fossil fuels, energy storage is paramount. We report a breakthrough on a bioinspired NRFB active-material, with greatly improved solubility, and place it in a predictive theoretical framework.


2020 ◽  
Author(s):  
Satya Prasad Paruchuru ◽  
Siva Kalyani Koneti ◽  
Deepthi Jammula ◽  
Jashwitha Nuthalapati

Abstract Capturing the tidal energy is one of the ways of tapping natural and renewable energy which do not involve the cost of working fluid/ fuel. The present work focuses on some of the feasibility aspects of setting up of major tidal power plants along the seacoast. Besides, the present study synergizes on methods of estimating the power-producing capacities in regions along the seacoast. Estimation of power-producing capacities, calendar month-wise, and lunar month-wise gave handy information. Also, the estimation of power-producing capacities of different regions along a location gave clarity on the probable regions of interest for producing power simultaneously. A comparison of the estimates with the details of the literature authenticated the study. A discussion of producing more tidal power in specific locations gave insights into the aspects that may have been ignored in the literature. Geographic restrictions along the local seacoast like identifying the security-sensitive regions rationalized the estimating procedures. The paper includes a discussion of various factors that address the feasibility concerns. The study supposedly helps space exploration too.


2019 ◽  
Vol 1 (1) ◽  
pp. 14
Author(s):  
Rizal Akbarudin Rahman ◽  
Aripriharta Aripriharta ◽  
Hari Putranto

The use of renewable energy as a source of electrical energyincreases every year. Unfortunately, Indonesia does not have manypower plants that utilize renewable energy sources. The mostpotential renewable energy in Indonesia is the sunlight with the helpof solar panels that converts solar energy into electrical energy.However, the environment could affect the solar panel module andin turn, affect the performance of solar panels or the generatedelectric energy. This research calculated the performance of solarpanels with a single-diode model using the Five Parameters methodthat required solar panel module specification data, the totalradiation absorbed by the solar panel module, and the temperatureof the environment. The Five Parameters method is a methodmodeled after solar panel module performance in the form of thesingle-diode equivalent circuit. The Five Parameters method isreliable in predicting the energy produced by the solar panels whenthe input data is limited. The results for using the Five Parametersin monocrystalline solar panels were Isc = 1.827 A, Imp = 0.662 A,Voc = 18.221 V, Vmp = 15.019 V, Pmp = 9.955 W. And the results inpolycrystalline solar panels were Isc = 1.926 A, Imp = 0.686 A, Voc =17.594 V, Vmp = 14.166 V, Pmp = 9.722 W. Based on the results; itwas concluded that the most efficient and optimised types of solarpanels on natural conditions in Sendang Biru Beach was themonocrystalline solar panel because it produced electrical outputpower of 9.955 W. Therefore, there could be a manufacturer ofsolar energy power plants to reduce the cost of electricity in thecoastal area, such as in Sendang Biru Beach.


Author(s):  
Abdellah Benallal ◽  
◽  
Nawel Cheggaga ◽  

Renewable energy hybrid systems give a good solution in isolated sites, in the Algerian desert; wind and solar potentials are considerably perfect for a combination in a renewable energy hybrid system to satisfy local village electrical load and minimize the storage requirements, which leads to reduce the cost of the installation. For a good sizing, it is essential to know accurately the solar potential of the installation area also wind potential at the same height where wind electric generators will be placed. In this work, we optimize a completely autonomous PV-wind hybrid system and show the techno-economical effects of the height of the wind turbine on the sizing of the hybrid system. We also compare the simulation results obtained from using wind speed measured data at 10 meters and 40 meters of height with the ones obtained from using wind speed extrapolation on HOMER software.


2015 ◽  
Vol 15 (1) ◽  
pp. 22-33 ◽  
Author(s):  
Saravanan Dhanushkodi ◽  
Vincent H. Wilson ◽  
Kumarasamy Sudhakar

Abstract Cashew nut farming in India is mostly carried out in small and marginal holdings. Energy consumption in the small scale cashew nut processing industry is very high and is mainly due to the high energy consumption of the drying process. The drying operation provides a lot of scope for energy saving and substitutions of other renewable energy sources. Renewable energy-based drying systems with loading capacity of 40 kg were proposed for application in small scale cashew nut processing industries. The main objective of this work is to perform economic feasibility of substituting solar, biomass and hybrid dryer in place of conventional steam drying for cashew drying. Four economic indicators were used to assess the feasibility of three renewable based drying technologies. The payback time was 1.58 yr. for solar, 1.32 for biomass and 1.99 for the hybrid drying system, whereas as the cost-benefit estimates were 5.23 for solar, 4.15 for biomass and 3.32 for the hybrid system. It was found that it is of paramount importance to develop solar biomass hybrid dryer for small scale processing industries.


Author(s):  
Bekhruzi Talbi Shokhzoda ◽  
Mikhail Georgievich Tyagunov

Looking at the history of solar energy and renewable energy in general, the authorities and scientists have been paying much attention to the recent period, due to the depletion of fossil energy resources and the growing difficulties in solving environmental problems. The development of solar energy has led to the use of solar energy concentrators. Concentrators are used to concentrate sunlight onto PV cells. This allows for a reduction in the cell area required for producing a given amount of power. The goal is to significantly reduce the cost of electricity generated by replacing expensive PV converter area with less expensive optical material. In this chapter, the authors talk about concentrators in solar energy, especially about modules based on holographic films. Holographic solar panels (HSP) in recent decades have appeared in large-scale production and been actively used in solar energy. Evaluations of other types of existing concentrators are presented.


Author(s):  
Kijpokin Kasemsap

This chapter presents the overview of pollution; the issues of soil pollution, water pollution, and air pollution; the aspects of renewable energy; energy security and energy imports; and renewable energy policy and renewable energy policy instruments. Pollution is one of the most important environmental, social, and health issues in the world. Pollution creates many diseases and causes death of many people across the globe. The environmental damage caused by pollution can reach catastrophic proportions and destroy entire ecosystems leading to the death of many species and a big biodiversity loss. Renewable energy is a critical part of reducing global carbon emissions and the pace of investment has greatly increased as the cost of technologies fall and efficiency continues to rise. Renewable energy offers a wide variety of different options to choose from as countries can choose between sun, wind, biomass, geothermal energy, and water resources.


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