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Brown-Forman to annually purchase 30MW of wind energy
Solar Energy Centre (SEC) a division of SEC Industrial Battery Company Ltd has been manufacturing, designing and distributing Solar Photovoltaic systems and Batteries for over 35 years.
Article | February 13, 2020
Renewable energy is suddenly taking a very important role in the energy industry; especially solar and wind. In light of this, major players in the oil and gas industry have begun to position themselves for this forecasted energy transition. Major investments by the oil majors into renewable energy has called for the question of whether this is an indication that they are gradually transitioning into energy companies. Also, upon closer study of this trend, it is easy to classify the major players into leaders in renewable energy investment and slackers.
According to DNV GL’s 2019 Energy Transition Outlook, the combination of storage for the grid and storage available in vehicle-to-grid systems will exceed 40 TWh in 2050 worldwide. Storage and in particular battery solutions will help propel the transition to a decarbonized, electrified energy future. The energy storage market presents a tremendous opportunity for project developers and lenders worldwide. The drivers are clear and global: the rapid electrification of the transport, buildings and manufacturing sectors, the need for smooth integration of variable renewables, whether for a wind farm or industrial solar systems, and financial flexibility for both providers and customers.
To maintain the goals of the Paris Agreement and save the Earth from ecological breakdown, one of the most important things experts agree we need to do is transition to a renewable energy economy. While most of us may associate renewable energy with wind energy and solar energy, there are several other sources of clean energy that are growing in popularity. One such source is geothermal energy.
The U.S. reached a monumental 2 million solar installations in 2019. As more people look to save money through solar energy, many different options for doing so are becoming available. The U.S. Department of Energy defines community solar as “a solar-electric system that… provides power and/or financial benefit to… multiple community members.” These voluntary programs allow community residents to enjoy the perks of solar power without the large initial investment. The solar panels and related equipment are set up in a central location, so residents don’t need to buy and install equipment on their personal properties. The power produced by these projects is then shared by a community, and the hardware is either owned by the community itself or by a third party (i.e. Jaton’s community solar projects in California).
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