Deregulation and Increased Competition

The electric power industry is a case in point. The USD 500 billion US and European electric power industries are being deregulated to allow for increased competition in wholesale generation and retail energy services. This is driving the development and deployment of technologies that improve energy efficiency, reduce costs to customers and respond to customer demand for improved power quality. One example is distributed generation, which enables customers to manage and produce their electricity on site, recover waste heat for other purposes, and reduce their vulnerability to grid-related power disruptions. Sales of emerging distributed energy technologies,

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such as fuel cells microturbines and photovoltaics are expected to grow at 12 per cent annually, exceeding USD 10 billion in sales by the year 2010. In contrast, sales of traditional power equipment are growing at only 2 per cent annually.

Renewable Energy 101

Renewable Energy 101

Renewable energy is energy that is generated from sunlight, rain, tides, geothermal heat and wind. These sources are naturally and constantly replenished, which is why they are deemed as renewable. The usage of renewable energy sources is very important when considering the sustainability of the existing energy usage of the world. While there is currently an abundance of non-renewable energy sources, such as nuclear fuels, these energy sources are depleting. In addition to being a non-renewable supply, the non-renewable energy sources release emissions into the air, which has an adverse effect on the environment.

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