Speakers at the 13th annual MIT Energy Conference, held this March, predicted a continuation of the “radical transformation of the world’s energy landscape” to renewable energy sources. While they didn’t sound the death knell for oil, signs point to a changing focus on solar power throughout the world.
Solar energy is at the top of the list of renewable energy sources.
In 2017, solar power provided more of the new energy created worldwide than any other source. Overall, one-third of the world’s new net power capacity last year was from renewable energy sources such as solar, wind, and geothermal. However, with renewable energy still accounting for only about 12% of the electricity consumed, the world has a long way to go to completely convert to clean energy.
In the US, the territory of the California Independent System Operator (covering 80% of the state of California) recently teetered on the edge of providing 50% of the electricity used via solar power systems. While this happened during California’s high-solar-output and low-electricity-use Spring season, it still marks a noteworthy point of our solar power evolution.
Throughout the US, electricity generated from solar power increased 41% from 2016, accounting for a record 1.9% of total electricity generated. This is the equivalent of the electricity needed to power over 8.5 million typical US homes.
We’re riding the solar wave to cheap, clean, renewable energy. And you can, too, when you save money with Erus Energy!