We've finished an incredible year now, prompting a lot of surprising things in our own and expert life. Despite the year’s setbacks, the emergence of new technologies, and increase growth in renewable energy has begun.
According to the International Energy Agency forecasts a 43% increase in renewable electricity capacity before 2022. Partly fueled by the major turning points of last year.
Below are the projections JOG International Ltd. has identified as solar industry trends this year based on what we’ve seen so far.
1. Growth of Solar Power
The 2020 pandemic challenged every business to adapt and innovate. While solar was faced with its own obstacles, implementing stricter safety protocols and fine-tuning digital business practices made all the difference. Online appointments took over the traditional consultation process and solar installers practiced responsible social distancing. Currently, we’ve seen an increasing trend in the number of homeowners considering getting solar panels.
2. Energy Storage Demand Rises
The future of solar energy is here and the solar storage market is evolving rapidly. It starts with homeowners getting more control over the power they generate through their solar panels. When extreme weather hits and leads to outages from natural disasters, it makes sense for homeowners to have a solar battery on their side. Many are now discovering the great value that a reliable backup system can bring and we anticipate that interest should just increment over the long run. 2021 will ring in the age of mass solar-plus-storage solution deployment, allowing businesses and residents to tap into renewables more efficiently, protect against outages, save money and live more sustainably.
Solar systems with batteries are going to be about twice as expensive as traditional grid-direct installations, so in that sense, actual costs increase as the mix shifts toward batteries.
4. Solar Power Becomes More Affordable
More solar panels manufactured mean the process became more efficient, thus lowering the price. Solar energy has become more standard across the world and a great deal of that is because of arrangements supporting its usage. As a result, switching to solar panels becomes more affordable in the past years.
According to the International Energy Agency (IEA), solar power is now the cheapest source of electricity in history for some parts of the world. Governments have the capacity and the responsibility to take decisive actions to accelerate clean energy transitions.
5. Digitalization and Artificial Intelligence
This 2021, widespread digitization will take place at all levels of solar power systems, from production and infrastructure to end-user devices. The renewable energy industry relies on inspections to maintain safety standards to power the world; it includes a lot of time and human exertion.
As new advancements keep on arising to meet the growing needs in the solar energy industry, one pattern to anticipate is predictive analytics, through microgrid controllers and artificial intelligence (AI). Companies in this sector are leveraging AI to identify and track trends in energy generation and consumption.
6. Climate change
The construction of large solar power plants requires excellent long-term investment, that’s why understanding the impacts of climate will help with financial planning, technology selection, and energy output projections.
Aside from the pandemic, 2020 had multiple natural disasters that contributed to climate change. While the effects of climate change don’t seem to be slowing down. JOG International Ltd. will continue to stay focused on how our world is powered.
As the solar industry continues to grow, there will be more expectations in developments this year 2021. A reliable and cost-efficient renewable energy resource is the way to go. One of the most promising among the available alternatives is solar energy. To know more about the advantages and benefits of solar energy this year 2021 talk to us now and get an opportunity to have a word with our solar experts.
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