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Determining Whether Solar is Right for Your Home
| April 25, 2019
As the official, green brand for Denmark, State of Green works to strengthen international awareness of the solutions and competences of Danish business and industry within energy, water, climate adaptation and environment.
Article | February 27, 2020
Electricity is a unique kind of commodity— although it is not perishable, it is (still) hard to store on a large scale. Electricity must be generated relatively close to where it is demanded and at the time it is demanded. Therefore, operators must constantly keep an eye on the use of electricity. When demand is high, operators will signal the generators to increase their output; if less, generators get the instruction to generate less electricity. Roughly, this is how the grid works. The devil is in the details: the flexibility of power plants is unique to its type. Nuclear and coal power plants take the longest to start up and shut down, followed by oil/diesel power plants.
A growing number of homeowners in the United States are turning to renewable energy sources to provide power for their homes. Solar power systems only need sunlight to power your home and vehicle, recharge large battery systems, and still allow you to sell extra energy to your utility company. Wind power can perform the same functions by producing energy from wind-powered turbines. Both depend on often volatile forces of nature, but overall, solar panels provide more consistent energy. Solar panels don't include moving components, as wind production units do. These and other differences play important roles in deciding which renewable energy option is best for you.
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.
Senate’s coronavirus stimulus package fails to address challenges for renewables, and WoodMac lowers its 2020 global wind forecast. Follow the latest developments here. For all their momentum, the clean-energy sectors — solar, wind, energy storage, and companies transforming the power grid — will not escape the COVID-19 downdraft. These industries face daunting questions about every aspect of their business, from supply chains to potential workforce shortages, to broader questions about the economy, demand for energy and the availability of finance.
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