Accelerating Energy Megatrends
- Decentralized renewable energy consists of solar, wind, and water power generation technologies with access to energy storage for two-way power flows. According to the DOE, from 2008 to 2015, U.S. installed solar power increased 20-fold from 1.2 gigawatts (GW) to 22.7 GW. In 2016, 15 GW of solar power, valued at $23 billion, was installed, twice that 2015. By 2024, U.S. solar power is estimated to reach 246 GW.
- High Energy Efficiency provides significant energy cost-savings and reduced Co2 emission.
- Sustainable Transportation comes from electric vehicles.