RatedPower (a part of Enverus company), a SaaS platform for the green energy sector, has recently released its annual findings from different industry experts and simulations worldwide and predicted the trends in the solar and renewable energy sector for 2023.
According to the findings, renewable energy companies would focus on enhancing the adoption of renewable energy power generation, energy storage investment, reducing the levelized cost of electricity, and fuel diversification at geographical and energy source levels. The green energy industry has faced challenges like supply chain disruption, pandemic influence, increased equipment prices and reduced availability in 2022. During the pandemic, there was an energy crisis, and governments and businesses increased investments in clean energy and decreased reliance on fossil fuel imports along with increasing new global capacity installations.
VP of Power & Renewables at Enverus and Co-founder of RatedPower, Andrea Barber said, "In the year ahead, we expect the green transition to provide a massive boost to investments in solar photovoltaics(PV) — for residential, commercial and industrial, and for utility-scale installations. The industry is increasingly looking at ways to incorporate battery storage and clean, green hydrogen into renewable installations to maximize supply."
(Source – Cision PR Newswire)
General Manager of Power & Renewables at Enverus, Bernadette Johnson said, "The energy evolution is not clearly mapped out for us; it is a winding, twisting road full of potholes. All these twists, turns and bumps make the market one that is full of risk but, more importantly, of opportunity as well. At Enverus, we continue to work endlessly to eliminate the gaps and help you make intelligent connections between all parts of the project lifecycle from siting through operations, so you can minimize investment risks and maximize returns."
(Source – Cision PR Newswire)
About Enverus
Headquartered in Austin, Texas,
Enverus, a software development company, provides a single platform for management, development, and acquisition within the whole energy value chain. It offers in-depth analysis, real-time access, insights, benchmark costs, and revenue data and enhances support to the energy strategy with actionable intelligence. It helps green energy companies from early-stage investment to full-scale development. It discovers unseen insights, opportunities, and actions for extraordinary outcomes. Many financial institutions and energy companies count on its analysis, intelligence and technology for capital investment decisions and to increase investor ROI.