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Renewable Energy Market Trends to Watch in 2019

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In 2018, much of the talk surrounding the renewable energy market, at least in the U.S., centered around uncertainty about renewable energy policies. Despite these worries, the resilient renewables sector performed well. Renewable energy has now reached a point where it can compete with fossil fuel technologies, regardless of subsidies, according to Ethan Zindler, head of Americas at Bloomberg New Energy Finance (BNEF). This reality will play out in 2019, and the market will go through some significant changes as it continues to grow and evolve. Here are the trends that will drive the renewable energy market in 2019.

Energy Storage Will Be Increasingly Important

Technologies like solar and wind have had the spotlight in recent years. In 2019, energy storage technologies will start to get a lot of attention. Last year, the use of energy storage technologies increased and will continue to do so in 2019. Energy storage is important for enabling the use of more renewable energy because it counteracts its variability. Wind and solar only produce electricity when the wind is blowing or the sun is shining. Using batteries, we can store that energy so that it's available for use at any time.

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Posted by on Jan 8 2019. Filed under Renewable energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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