Renewable energy is absolutely here to stay. More and more people are making the investment into renewable energy, so therefore trends can be forecast going into the new year. Below are just a few of the things we’re expecting to see come from the renewables industry in 2023.
Solar is here to stay
The future of solar power is secured if trends from 2022 continue. By August of 2022, searches for solar panels in the UK had risen over 100%, ahead of the expected rise in energy bills that came in October 2022. This pattern is expected to continue into 2023 as we experience even more turbulence with the price of energy bills and dwindling support from the government. As searches continue, we can anticipate a rise in the number of solar panels installed in Suffolk, Cambridge, East Anglia and other areas of the UK.
The year of energy storage
It’s time for everyone to upgrade their renewable energy systems. 2023 is going to be all about storage to make sure everyone who has a solar panel system installed has a reliable energy source. The key player in improving solar storage systems will be long duration batteries that are integrated alongside generators and inverters, to allow users access to the solar energy they have generated throughout the day after the sun goes down.
Investment into energy convergence
Energy convergence is the idea that companies, policy makers and regulators need to be more collaborative across the energy spectrum. For most, this means re-investing their funds into renewable sources, as opposed to coal, oil and other fossil fuels. This will simultaneously reduce their corporate carbon footprint, as well as diversify their portfolio of investments, leading to a greener world.
We will continue to be shaken by the energy crisis
Right now, 50 countries are at risk of bankruptcy as a result of inflation, the energy crisis and rising interest rates. 75 million people who recently gained access to electricity will likely not be able to pay for it and 100 million will have to revert back to the use of biomass for cooking. As it stands, by 2030 there will still be 670 million people around the world who will be without electricity, an increase of 10 million compared to last year. In order to see a difference in the amount of people living in fuel poverty, we need (and hope) to see drastic action from world leaders in 2023.
The priority for 2023 is to remain optimistic about the future of renewable energy, whilst doing our best to help everyone who stands to be affected by the ongoing energy crisis. In particular, our government and leaders need to come together to work out a way to assist everyone living in fuel poverty right now, to keep the world living safely.