Top Trends on Solar Energy for January 2020
Of the many different forms of renewable energy, solar energy–the method of harnessing the sun’s power–is the most accessible to homeowners and businesses, especially in the Philippines. What was once seen as new technology is now very trendy, quite common, and on the rise in the country. This article forecasts the top trends in solar energy in 2020.
- The decrease in price for the solar energy battery,
Solar energy is produced periodically. It relies on the presence of the sun. To continue to benefit from renewable energy at night, battery storage has been developed and perfected. Of the two common types of solar energy batteries, Lithium-Ion and Lead-Acid, the former is longer lasting, low maintenance, but more expensive. It is projected, however, by HJ Mai that the cost of electricity from batteries consistently decreased by up to 76% since 2012 and will continue on this year. Allowing the overall cost of an off-grid solar installation or a hybrid solar installation to decrease. The expected change in price could make a large impact on the market, especially in a country where electricity costs are high and many islands remain off-grid.
- Solar panels made out of glass
Photovoltaic glass is a technology that converts sunlight into energy. This is possible by putting the solar cells in between glass. In fact, this glass is not perfectly transparent and only allows small rays of light to pass through—which helps in making the room temperature cooler, thus less energy is used for air-conditioning. Photovoltaic Glass will be more utilized when building skyscrapers, especially since the option for solar rooftop installations are currently limited due to its lack of roof space. The presence of solar windows in the market would definitely allow the solar industry to be more flexible. With this technology, the need for a more spacious roof or a large patch of land would no longer be a major requirement to go solar.
- The rise of Electric Vehicles
The rise of electric vehicles (EVs) is upon us, thanks to the advancements of Tesla—an EV company spearheaded by Elon Musk. The demand on growth for EVs will lead to higher consumption of electricity than what is currently being used. Sourcing that power from renewable energy will allow owning an EV to not only be affordable, but also more sustainable. Having a solar powered supported charging station at home would decrease the cost of electric consumption.
- The advancements of artificial intelligence
Technology has developed at a rapid pace since the beginning of the online age. Artificial intelligence, often referred to as A.I. allows for the gathering, sorting, and analysis of data faster than ever before, allowing industries to better track trends and performance. In the case of energy in general, A.I. allows energy efficiency in buildings via smart building or energy maximization through the building of smart grids. Apart from energy efficiency, security increases as well. For example, a smart grid with several devices connected to it is susceptible to hackers. Having an A.I. and an appropriate blockchain system is beneficial to a security system. Since blockchain acts like a digital signature it masks one’s information online, consequently making it difficult to hack. This growth in Artificial Intelligence will be advantageous to the renewable energy industry, since it could aid with the possible development and security of Solar panels, batteries and electric vehicles.
Advancements in solar energy and technology will further contribute to its wide use and to lowering the overall cost of installations. Going solar not only allows homeowners and businesses to save money, but as an added bonus it helps lower a company or business’ carbon footprint, the reduction of which is another popular trend to watch in 2020.