Posts

Showing posts from October, 2023

Imagine an Energy Rich Future

Image
  Introduction The social and practical demands for renewable energy have accelerated research into different technologies. In the United States, 2019 investment in renewable energy exceeded $55.4 billion (Elegbede & Tippett, 2022). Over the past decade, there were more than 700 combined renewable energy project announcements in the United States and the United Kingdom. The attention has a solid economic basis. The total addressable market (TAM) for renewable energy was estimated at $8 trillion (DeLallo, 2022). Some of these technologies have been manufactured and implemented around the world. Wind and solar photovoltaic generation systems are prime examples, and governments have deployed thousands of wind and solar farms. Electric vehicles are another contemporary example. Following the slow introduction of electric vehicles over the past decades, there has been a comparable surge in electric vehicles in the market recently. However, there is no consensus about the be...