“The utilisation of big data, artificial intelligence (AI), and the internet of energy (IoE) and developments in renewable energy sources are emerging as popular trends.”

Fremont, CA: The growing need for a clean energy transition enables new advances in the renewable sector. Businesses and industries are shifting to renewable energy to cut emissions, lower energy costs, and promote environmental sustainability. Digitisation, energy-efficient integrations, and ways to overcome intermittent renewable energy production are significant themes in the renewable sector. As a result of these factors, the utilisation of big data, artificial intelligence (AI), and the internet of energy (IoE) and developments in renewable energy sources are emerging as popular trends. Although renewable energy such as solar, wind, and hydroelectricity has been around for a long time, recent rapid advances have elevated these technologies to the forefront of technology. 

Advanced Photovoltaics (PV)

Solar firms are integrating photovoltaic (PV) systems into every part of our surroundings, reducing the requirement for increased land use. As a result, trends such as integrated PV, floatovoltaics, and agrivoltaics are logical. Emerging firms are developing solutions to concentrate solar power using mirrors and lenses to improve PV performance. Meanwhile, entrepreneurs are working on thin-film cells to make solar panels more flexible, cost-effective, lightweight, and environmentally benign.

Distributed Energy Storage Systems (DESS)

DESS localises renewable energy generation and storage, addressing production inconsistency. Startups provide a variety of battery and batteryless solutions based on economic and other considerations. Flow batteries, for example, use low and steady energy, whereas solid-state batteries are lightweight and have a high energy density. Capacitors and supercapacitors are also utilised in applications that require huge amounts of energy in a short period. Startups are developing batteryless storage options such as pumped hydro and compressed air technologies in response to discharge, safety, and environmental damage concerns.