- Increased investment in solar and wind power
- Advancements in energy storage technology
- Growth of offshore wind farms
- Expansion of electric vehicle infrastructure
Increased investment in solar and wind power
The latest trend in renewable energy for 2024 is the increased investment in solar and wind power. This is driven by the declining costs of solar panels and wind turbines, making these sources of energy more economically viable.
Advancements in energy storage technology
Another trend is the advancements in energy storage technology, such as batteries and other storage solutions. This allows for better integration of intermittent renewable energy sources into the grid, making them more reliable and efficient.
Growth of offshore wind farms
Offshore wind farms are also expected to see significant growth in 2024. These projects have the potential to generate large amounts of clean energy and can be located closer to densely populated areas, reducing transmission losses.
Expansion of electric vehicle infrastructure
The expansion of electric vehicle infrastructure is another trend that can impact the future of sustainable power. As more electric vehicles hit the roads, there will be an increased demand for renewable energy to power them, driving further investment in clean energy sources.