Potential applications of renewable energy sources
In a world where almost everything is run by machines it not surprising that we are also running out of energy sources what worsens the case is that the energy sources that we use are destroying the world we are living in. Another dilemma people are now facing is these energy sources are bound to vanish years from now.
The potential of renewable sources is massive as they are expected to meet world’s energy demand. Renewable energy sources are biomass, hydropower, geothermal, solar, wind and marine energies they can provide sustainable energy services, based on the use of routinely available, indigenous resources. The renewable resources such as biomass, wind, solar, hydropower, and geothermal can provide sustainable energy services, based on the use of routinely available, indigenous resources are attractive renewable fuel in utility boilers.
While price of gas continue to fluctuate a transition to renewables-based energy systems is looking increasingly likely as their costs decline. Solar and wind powers continue their rapid sales growth in the past 30 years. Due to this their capital costs and costs of electricity generated, and have continued to improve their performance characteristics while fossil fuel and renewable energy prices, and social and environmental costs are heading in opposite directions. The economic and policy methods needed to support the widespread dissemination and sustainable markets for renewable energy systems are evolving fast.