Renewable Energy: What the Future Holds

By October 7, 2020February 4th, 2021Blog

There are many different sectors and industries today trying to implement renewable energy. It has easily become one of the hottest topics discussed today. The main reason for renewable energy is to create a greener more efficient source that will have less of an effect on our world atmosphere. Not too many years ago, the government was making a push for more renewable energy and was offering subsidies for industrial size solar, wind, and other renewal plants. This was because the price tag on such plants were very costly and companies could not see the incentives in pushing the narrative without equity in the business. However, technology today is a bit more advanced than when we first started pushing for greener solutions and renewable energy is becoming the more sensible solution for many everyday.

The Next 10 Years

Renewable energy is expected to boom over the next foreseeable future. Wind power leads the way when it comes to cost efficiency but solar power is making it’s name as the more predominant source of renewable energy. Solar power can also come in many more forms than other renewable trends. This is in the case of panels to power housing, industrial sized solar plants supplying grids, and newer versions of solar windows powering commercial buildings and be tested on vehicles. With new technologies and drastic pricing drops within the different forms of renewable energy, investors are expected to invest roughly $10 trillion over the next 10 years. (DiLallo, 2020)

Other Notable Renewable Technologies

Although, solar and wind seem to be at the top of everyone’s mind when it comes to renewable energy sources, there are many other new innovative sources that have either been commissioned already or are in their test phase. Some of the most interesting technologies introduced in my are eyes are the specific types of geothermal plants that produce energy from the heat in the earth. Examples include the Salton Sea Power Station in Calipatria, California and the Nesjavellir Geothermal Power Station in Iceland that draws it heat and energy from volcanic land. These types of plants can produce upwards of 50 Megawatts and power thousands of homes. Another form innovative energy that my management team at P4P Construction has witnessed first hand is a municipal waste biofuels product. Fulcrum Sierra Biofuels plant is currently being construction In the Reno/Tahoe Industrial Center in Sparks, Nevada. It is a first of its kind industrial biofuels plant that burns municipal waste and filters it to create what is known and Syncrude oil. This Syncrude oil is in return processed into jet fuel. Who thought that we would be burning our waste one day to create cleaner forms of energy. There are many variations to create power and many companies are beginning to think outside the box to help create a competitive advantage within the renewable energy industries.

In Conclusion

Whether you agree with the push for a greener renewable energy or you are firmly okay with the more traditional ways of fossil fuels and nuclear power, renewable energy is here to stay. P4P’s management team has had the opportunity to experience first hand how such projects are built and perform. We have helped manage the construction of such plants as Solana Solar Plant in Gila Bend, Arizona, Mohave Solar in Barstow, CA, Palo Verde Nucleur Plant in Tonopah, AZ and our most recent experience of the new Fulcrum Sierra Biofuels Plant in Sparks, NV. With the advancement of renewable energy and the forecasted investments in the near future, P4P and many other companies should be able to employ thousands of tradesman and help economical growth in the U.S.

Mike Campbell

About Mike Campbell