Understanding Different Types of Green Energy
The rising demands for energy, energy sustainability, as well as GHG impacts of conservative sources of energy have augmented the application of renewable energy sources globally. The government support, regulations, policies, and investments in this sector are increasing the demand of green energy market. The different types of green energy covered in this report are hydroelectric power, wind power, bioenergy, solar energy, and geothermal energy.
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What types of renewable energy are there available?
Green energy comes from sustainable sources such as:
1. Solar Energy
2. Wind Power
3. Hydropower
4. Geothermal energy
5. Bioenergy
The lower greenhouse gas emissions, increasing investments in hydro power, as well as long life of power unit produced by solar energy are the major drivers for the growth of green energy market. The substantial growth in biodiesel initiatives and enhanced focus towards the geothermal systems (EGS) is creating opportunities for the green energy market in the coming years.
The reports cover key developments in the green energy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Green energy market are anticipated to lucrative growth opportunities in the future with the rising demand for green energy in the global market. Below mentioned is the list of few companies engaged in the Green energy market.
The key players influencing the market are ABB Ltd., Acciona, S.A., Électricité de France S.A., Enel Spa (Enel), General Electric (GE), Geronimo Energy, Innergex Renewable Energy Inc., Invenergy, LLC, The Tata Power Company Limited (Tata Power), Xcel Energy Inc., Other.
Key benefits of Green Energy for people and the planet
Renewable energy has a positive impact on life for future generations and has numerous benefits over conventional energy sources, including:
· Carbon emissions are much lower
· The fuel supplies will not run out
· It’s widely available in Ireland and doesn’t need to be imported
· It’s not subject to the price variations of fossil fuels