This article is the second in our renewable energy patent tracker series. The first, published early March 2021, compared patent trends for renewable energy generation technology from 2016 to 2020 with data from the first two months of this year. Using the Y02 classification scheme developed by the EPO for labelling climate change mitigation technologies, we compared the number of publications in different renewable energy fields (solar PV, solar thermal, wind, geothermal, hydro and from the sea) and ranked the biggest patent filers in these areas. In this instalment, we update our statistics for this year, incorporating data from up until the 19th May, and extend our trend analysis over the ten years leading up to 2021.
Renewable energy is more affordable now than it has ever been. According to BloombergNEF, it is now cheaper to build a new solar or wind farm to meet rising electricity demand or replace a retiring generator, than it is to build a new fossil fuel-fired plant. Policy incentives, increased investment and technological advances are driving this strong growth in the renewables sector, leading to technological improvements in the structural hardware necessary for renewable energy generation, transmission and storage.
Wind and solar will provide 50% of global power by 2050, but this may still not be enough to meet the 2 degree climate change target.
The 2019 New Energy Outlook (NEO) report suggests that, in at least two thirds of the world, wind or solar already represents the least expensive option for adding new power-generating capacity.We discuss the report’s findings, and take look at what is being done here in the UK to meet the challenges posed by the report.
For years we have heard many reports discussing one of the most important issues of our time-Climate change. One obvious solution is the full change from fossil fuel based energy sources to renewable energy sources. In this blog we will explore trends in renewable energy consumption and generation, and whether renewable energy sources may overtake non-renewable sources in the future.