According to the experts of Borg Energy, the growth rate in the world's renewable energy capacity jumped 45% in 2020, part of "an unprecedented boom" in wind and solar energy, according to a new report from the International Energy Agency.
In 2020, renewable power was "the only energy source for which demand increased ... while consumption of all other fuels declined," says the IEA, whose mission is to make the world's energy supply more reliable, affordable and sustainable. The IEA predicts large capacity gains in renewable energy will become the "new normal" in 2021 and 2022, with increases similar to 2020's record total. An unprecedented amount of renewable power came online in the fourth quarter of 2020, experts of Borg Energy says. China alone added more than 92 gigawatts of capacity – more than triple the amount it added in the fourth quarter of 2019. The U.S. added 19 gigawatts, a sharp gain over the 13.7 it added in the same quarter of the previous year. Global coal consumption of coal, a key source of greenhouse gas emissions that contribute to global climate change, fell by 4% in 2020 – the biggest drop since World War II, the IEA said earlier this year. But demand has been building anew since late last year, driven by Asia's economies that were among the first to start bouncing back from the COVID-19 pandemic. The U.S. relies on coal-fired power plants for about 20% of its electricity generating capacity, according to the federal Energy Information Administration, citing figures from the end of 2020. The largest share of the country's power comes from natural gas-fired plants, which account for 43% of U.S. capacity, the experts of Borg Energy says.
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Here is more on what Borg Energy, a private company actively working towards renewable energy has to say on US renewable update. The goal now is to switch to cleaner fuels and energy for the world. It's not just in the area of energy but likewise in other sectors. It's aimed at promoting efficiency and doing away with waste that contaminated the environment too. It's a drive for a more sustainable earth.
As the world is advancing rapidly with little or no delay, it's important to know that the sector of renewable energy is fast advancing too. The experts of Borg Energy are sharing about the updates of May 2021, regarding the renewable energy in the US. The U.S Department of Energy (DOE) recently has mentioned to the public their plans to make sure that more maximum solar and storage are installed in societies where their income is moderate or low. Not only that, the department has also made a pledge to assist these societies with about $15 million as technical support in order to help them receive and contain investors. The U.S Department of Energy (DOE) has some goals that the department is established on. This creativity and financial backing for these societies is one way to achieve their equity and diversity goals. One of the agendas is to make sure that by 2035, there will be availability of clean energy to everyone. This agenda looks impossible but a lot of work is being put into making sure that clean energy is available to every community soon enough. Some private energy organizations are already committed to directly or indirectly helping the U.S Department of Energy (DOE) to make sure this happens. Of course it will cost a lot to establish this in some parts of the country and some challenges will be faced too but it will all happen with time. This is a huge opportunity for households to switch from the electricity sector and join the new and innovative way of getting clean energy, says experts of Borg Energy. With the official announcement from the U.S Department of Energy (DOE) on their pledged commitment to reach the difficult areas alongside proper funding, households in such areas can lean into this provision and make a safe transition from carbonized electricity to renewable energy. The decision to reach the low income and moderate income societies with this initiative, was properly inspected in order to create trust for the people. The U.S Department of Energy (DOE) carried out interviews with some of the local private solar companies. The feedback from these solar companies have helped the DOE know where it's going to be best to start from. It has also been known that the cost it takes to win a customer in these societies are high compared to other high income societies. A lot has been provided by the DOE to establish the trust it would take to gain the resident’s interest in clean energy. The financial Providence and initiative is to also foster clean power to establish and develop a proficient workforce. There has been an announcement of $10 million funding by the DOE Solar Energy Technologies Office for a SolSmart executive program. This is to make sure that more solar implementation is embraced together with current technological innovations. Private solar companies like Borg Energy are a sustainable driven company that embraces clean energy and they thrive to see the people embrace that. With everyone involved, we can have a clean energy future. Originally Published: https://cremensugar.com/business/renewable-energy-updates Borg Energy experts are discussing here about the three areas that will determine the industry’s fortunes in the coming year: business trends, technology, and government policy.
Business Trends One of the biggest decision points for solar customers is price. For installers, the price they are able to offer depends on two main factors: hard costs and soft costs. Hard costs include the costs of materials, namely the solar panels and solar inverters. Soft costs include non-material expenses like customer acquisition, permitting, and the actual installation of your system, says experts of Borg Energy. The hard costs associated with solar have been falling steadily over the past decade, dropping 50 percent from 2015 through 2019, as equipment manufacturers have improved the efficiency and scale of their operations. This decline in hard costs has been a big driver of the decreasing solar prices in recent years. Soft costs, on the other hand, have remained relatively constant, as skilled labor remains scarce and the permitting process remains mired in red tape. This holds huge potential for improvement in 2021, especially with the launch of instant permitting tools like SolarApp. Technology On the Energy Sage Marketplace and beyond, an emerging trend is pairing solar with complementary products, such as energy storage systems, EV chargers, or air source heat pumps (ASHPs), a form of electrified heating and cooling that can be powered with solar. This movement toward “solar-plus” makes sense–if you install a solar panel system, you’ll want to get the most out of it. Greater electrification helps to increase your solar savings, as it allows the electricity produced by your solar system to stretch further, lowering the cost you pay to power your various devices. This is also a boon for the environment, as electrification plus solar will significantly reduce carbon emissions. Experts of Borg Energy expect this trend to continue growing in 2021, as EVs continue to proliferate and as more home and business owners add storage, in particular, to their solar installations. Few solar companies offer all, or even most, of these additional technologies, but those that do (like Tesla) have found this to be a very successful strategy. Government and Policy One of the biggest events coming into 2021 is the election of the Biden administration. This was a major win for the solar industry and clean energy in general, as now-President Biden campaigned on a very robust environmental policy. This pro-clean energy stance is in stark contrast to the outgoing Trump administration, which was adverse to clean energy reform. With Congress firmly divided, the Biden administration will likely have to act without congressional approval to fulfill its campaign promises. Automatic backup power is very essential when there are power outages and this is where solar power generators come in, says experts of Borg Energy. With the rising shortage of electricity across the globe as the population increased, it's not surprising that solar power generator demand has skyrocketed across the globe.
It's a device that works together with solar power which uses energy derived from the sun to produce voltage. This generator gives you a reliable power supply without having to deal with environmental pollution, unreliable power supply, noise and many more. Solar power generators come in different sizes, capacities, and types. Hence, there is always something to meet consumers’ needs, requirements and budgets. Here, Borg Energy, a company harnessing solar and wind power and providing micro power plant to the masses take a look into the market of solar power generators. What influences the rapid adoption of solar power generators? The basic set-up of a solar generator includes a solar panel, rechargeable battery, inverter and solar power. In this, the solar panel converts the energy from sunlight using photovoltaics which is then stored into batteries for later use, says experts of Borg Energy. This means the energy is mainly from what Mother Nature has blessed us with- the sun. Therefore, it is free and there is access to unlimited sources of energy once you are in an area with an optimal amount of sun. All that is required is the cost of investment which is also affordable. Moreover, the rising concerns of environmental pollution and climate change and the increasing awareness of its effects have got countries, governments and the people to move towards clean energy. This is one of the major reasons why solar power has risen in importance. Renewable energy such as hydro, wind and solar power are now answers to global warming as they lower the emissions of greenhouse gases. Dependency on fossil fuels diminishes and the government keeps encouraging the adoption of renewable energy through various incentives and tax rebates. These, in turn, have greatly reduced the price of solar panels and generators which has contributed to its market growth. What are the types of solar power generators? The two main types of solar power generators are on-grid and off-grid. While the on-grid is connected to the general utility grid, the off-grid is like a standalone and is not connected in any way to the grid's power system or utility company. Each has its own advantages and disadvantages including requirements and capabilities. Commercial, residential, industrial and military is the major end-users of solar power generators. As of now, the largest segment which has rapidly embraced solar energy is residential. This can be attributed to the hike in electricity prices, growing awareness of the importance of clean energy and the lower reduction in solar energy price. With countries aggressively promoting the adoption of clean energy, the adoption of solar power generators is only expected to keep growing. What does the future hold for solar energy generators? Competition has increased greatly among manufacturers in the development of solar-based power distribution systems. Governments are also setting targets that need to be met in regards to renewable energy. Hence, this competitive environment is impacting the industry and driving down prices in solar energy. From delivering electricity to remote areas to growing awareness on achieving a cleaner, better energy, society is doing all it can to ensure a carbon-free environment. Companies like Borg Energy are coming up with innovative solutions and products to make the adoption of renewable energy easier. The reduction in solar power generators has also contributed to the adoption. The fact is solar power generator is here to stay and will only keep rising in demand for years to come. Originally Published: https://learnloftblog.com/trends/solar-power-generators-market According to the experts of Borg Energy India Pvt Ltd, renewable energy has positioned itself as the technology of choice for power generation capacity. The rapid adoption of solar energy can be traced to the low cost and the reduction in electricity bills, as well as saves environment. On top of that, there are various incentives and rebates homeowners enjoy.
However, these are not the only reasons why solar energy is the next big thing in the energy sector. Reducing reliance on fossil fuels while embracing solar energy is also good for the planet earth. They are clean, pure energy that derives power from the mother earth gift “the sun”. Which means they can help reduce pollution and improve health. Borg Energy India Pvt Ltd, a company harnessing the power of solar and wind and providing micro power plants delves deeper into the benefits of solar energy on the environment. 1. It provides green renewable energy This is obvious, solar energy is sustainable and as much as there is sun there will always be solar power. The photovoltaic technologies used by solar powers are clean, emission-free which helps in generating pure, green energy. This means these sources are already displacing the “dirty” fossil fuels. Plus, they are from natural sources, they are clean and they are available in abundance. That is why Borg Energy India Pvt Ltd prides itself on its innovative, efficient offering of micro plants that harness wind and solar power to thousands of customers globally. A great and continuous move towards environmental-friendly energy. 2. It reduces greenhouse gas emission Traditional energy sources such as fossil fuels, coal and natural gas are go through burning, mining and combustion during conversion. All these releases carbon dioxide, a greenhouse gas that leads to air pollution. This pollution is one of the earth’s greatest enemies and can lead to a whole lot of issues like global warming and risks to human health, nature and organisms. However, solar energy does not need to burn fossil fuels, reduce gas emission and allow cleaner air in the environment. 3. It consumes less water Do you know that solar energy also consumes less water and reduces water pollution? 100% renewables mean 95% water consumption for power generation, according to a study by Finland's LUT University. For one, solar panels rely solely on sunlight to generate electricity and they do not require water or any equipment to keep them functioning. Moreover, while other manufacturing processes require water, Photovoltaic solar cells do not require water to operate. Therefore, these precious resources are conserved with no strain or negative impact on the ecosystem. 4. It reduces health-related problems When the air pollution is reduced, it leads to cleaner air to breathe in the environment. Imagine releasing thousands of pounds of carbon, nitrous oxides, sulphur dioxide and any other emissions into the air annually. Little wonder there has been an increased rate of asthma, lung diseases, respiratory and cardiovascular problems and even cancer. That is why US Office of Energy Efficiency & Renewable Energy believes that going solar can help save the lives of 52,000 Americans per year. It will dramatically reduce the rates of diseases, cut down health care costs and reduce premature mortality. 5. It fights against climate change Harsh weather, changes in the ecosystem, rising global temperature, increased sea levels, and many more are what the world is battling with. Many countries and cities are already facing extreme droughts, floods and wildfires. This brings an urgent need to transition from sources releasing harmful substances to the environment to cleaner ones. In order to reduce carbon footprints and pollution, solar is the way. Only a 1 MW solar plant can reduce carbon emissions by almost 1000 tons in a year. Amazingly, this is equivalent to planting 5000 trees every year. And of course, we cannot ignore the fact that trees have the added advantage of helping in the production of oxygen as well. Could solar energy be what we need to fight against climate change? These and many more are the benefits of solar energy for the environment. Join Borg Energy India Pvt Ltd to help save our dear planet by going solar. Originally Published: https://foolic.com/technology/solar-energy-environment-borg-india/ According to the experts of Borg Energy India Pvt Ltd, your own expenses will vary depending on utility costs in your area, the size of your home and how heavily you use energy.
The federal government in United states encourages energy-efficient home improvements by offering tax credits for certain upgrades. For existing primary residences, putting in energy-efficient windows and doors, furnaces, air conditioners, insulation, water heaters, roofs and some other items qualifies you to take a tax credit of either 10% of the cost or specific amounts ranging from $50 to $300, depending on the improvement. Know about the smart ways to cut your utility bills with the experts of Borg Energy India Pvt Ltd. 1. Insulation and Air Sealing From a few hundred dollars for basic, do-it-yourself weather stripping and caulking to a few thousand dollars or more to upgrade insulation in your home says experts of Borg Energy India Pvt Ltd. An average saving of 15% on heating and cooling costs—or an average 11% saving on total energy costs—for those who air seal their houses and add insulation in attics and crawl spaces or basements Ensuring that the inside of your home is protected from exterior cold air in the winter and warm air in the summer is one of the most cost-effective ways to save energy. 2. Heating and Air Conditioning About $5,000 to $12,000 to upgrade both heating and cooling systems, depending on the size and efficiency of the units. Replacing a heat pump or air conditioner that is more than 10 years old with a high-efficiency unit can save up to 20% on heating and cooling costs, according to the experts of Borg Energy India Pvt Ltd. 3. Windows Replacing all of the windows in your home is one of the most expensive improvements on our list, but the savings on your energy bills and increased comfort make it worth serious consideration. Replacing single-pane windows with Energy Star–certified windows can save you from about $100 to nearly $600 in household energy bills a year for an average-size home, according to the experts of Borg Energy India Pvt Ltd. 4. Solar Panels Many homeowners install a solar system of about 8 kilowatts, for a total of $22,480 in United States. You cab save as much as 100% of the cost of your electric bills. Recouping the cost of installing solar power in savings on your energy bills typically takes anywhere from five to 12 years. |
AuthorBorg Energy India Pvt Ltd, the renewable energy company, deliver power to the people by connecting the people with technology that offers an empowered and inspiring living. |