It is exciting to see just how rapid the growth of the renewable energy industry has been in recent times, but there is still a lot more to be done. With the world becoming a lot more eco-aware and passionate about protecting the planet, both individuals and businesses are investing heavily in renewable energy to reduce their environmental impact. It is also a fast-changing industry with many exciting developments in recent times. With this in mind, here are the main trends that are shaping the renewable energy industry in 2024.
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Of course, tech plays a massive role in the renewable energy industry. Technology has also been evolving at breakneck speed in recent years, so there have been a number of emerging technologies in this field lately. It is predicted that 2024 will be a pivotal year when it comes to the adoption of these cutting-edge technologies in renewable energy. A few of the most notable emerging technologies that you will want to keep an eye on include:
- Floating wind
- Next-generation solar panels
- Battery storage
Places like RS Americas supply those in the renewable energy with a lot of the best and latest technologies, tools, and products that support alternative energy and will play a key role in the years to come.
AI & Big Data
Much like almost every industry, AI and big data are transforming the landscape. In renewable energy, AI and data analytics can be used to optimize renewable energy systems, improve grid management, and enhance the overall efficiency of renewable energy. It is also thought that there will be a sharp rise in the use of smart technology in 2024, which can be used to predict energy consumption and streamline operations. In addition to reducing environmental impact, this can also help to reduce costs as well.
Green Hydrogen Development
Another exciting development that is coming to the forefront in 2024 is green hydrogen development. There is a lot of research, development, and investment in green hydrogen from the US, which will see the nation become a key figure in driving the adoption of green hydrogen. It is hoped that green hydrogen could play a significant role in working towards a carbon-neutral future, so this is a trend that you will certainly want to keep an eye on in the months to come.
These are three of the main trends to keep an eye on in the world of renewable energy in 2024. It is exciting to see the amazing strides and developments made in this field in the last few years, but there is still a lot of work that needs to be done. These trends will play a pivotal role in driving the growth of renewable energy this year and in the years to come.