What was once considered too expensive and too ambitious to undertake, technological advancements, new research, and added interest have sparked a rise in the accessibility and use of renewable energy around the world.
2015 saw a peak in solar, wind, and hydropower investment at the fastest rate the world has seen yet. Part of this is due to the falling cost of clean energy, making these technologies more enticing to use. Reports have even shown that the costs have come down so much that even emerging economies are focused on renewables:
China, the US, Japan, UK and India were the countries adding on the largest share of green power, despite the fact that fossil fuel prices have fallen significantly. The costs of renewables have also fallen. With China accounting for more than one-third of the global total, the developing countries outspent the richer nations on renewables for the first time. When measured against a country’s GDP, the biggest investors were small countries like Mauritania, Honduras, Uruguay and Jamaica. […] Despite a significant fall off in European investment in renewables, down around 21%, green power is now the leading source of electricity, providing 44% of total EU capacity in 2015.
Investors had been skeptical about the global scale and future of renewable energy, but with the data from this report, it is clear that the industry of renewables is not dependent on only a few markets but has an impact on global markets.
Germany, where Venta Airwasher’s headquarters is located, was in the news recently when they were able to supply almost all of their country’s power demand solely using clean energy. Bloomberg reported that solar and wind power were the primary sources of power:
Solar and wind power peaked at 2 p.m. local time on Sunday, allowing renewables to supply 45.5 gigawatts as demand was 45.8 gigawatts, according to provisional data by Agora Energiewende, a research institute in Berlin. Power prices turned negative during several 15-minute periods yesterday, dropping as low as minus 50 euros ($57) a megawatt-hour, according to data from Epex Spot.
Instances like this show promise in nations turning to the clean energy industry in hopes of relying on renewable energy permanently. Germany has an ambitious goal of using 100% renewable energy by 2050.
With Venta’s headquarters located in Germany, Venta is proud to contribute to Germany’s clean energy initiatives. As a company, Venta is fully committed to reducing our carbon footprint in every way we can and establishing ourselves as a green and eco-friendly company.
Venta takes this seriously, using 100% wind energy to produce all models of Airwashers. Furthermore, all of our units are made from recycled materials, and are 100% recyclable. Our units are created to use less electricity with every new version. And because we don’t use filters in our units we are not creating trash and adding to an environmental landfill. We stand by our mission to make the air you breathe cleaner from manufacturing the product to its in-home use.
Like Venta, companies around the world are joining the call to action to use clean energy. The energy report, “Power Forward 2.0” released staggering data on just how companies are benefiting from renewable energy programs. These companies targeted three categories as their goal for adopting clean energy: reducing greenhouse gas emissions, improving energy efficiency, and using renewable energy. Companies like Microsoft, Google, and Ikea are investing in renewable energy and more are joining:
Walmart took the top spot on the list, followed by Costco, Kohl’s, Apple and Ikea. Overall, commercial solar-power projects nationwide reached 3,380MW [megawatts] in the second quarter of this year, up 40% from a year ago, according to the solar industry trade group.
Adopting these clean energy practices is a desirable business practice in today’s global economic environment, and not to just promote a positive eco-friendly image, either. These companies are saving millions of dollars by using renewable energy.
According to the Power Forward 2.0 report, the following companies recorded substantial savings by participating in renewable energy projects:
UPS (saved $200 million)
Cisco Systems (saved $151 million)
PepsiCo (saved $120 million)
General Motors (saved $73 million)
Intel (saved $72 million)
Wal-Mart (saved $71 million)
AT&T (saved $41 million)
With this data, more companies around the world are sure to start adopting renewable energy practices.
Whether it is a company or a country, turning to renewable energy sources for power is becoming more of the norm. The demand for cleaner energy is demonstrated by the investments made in clean energy programs and by entire nations like Germany operating on power supplied by clean energy for an entire day. With every new technological advancement and invention, the power and accessibility of clean energy is sure to grow across the world and even more in the future.