Renewable Energy Technology

Industry RE operates across all sectors of renewable energy and low-carbon technology, including, wind, solar, biofuels, biomass, and energy efficiency, as well as the carbon markets.

The world currently relies heavily on coal, oil, and natural gas for its energy. Fossil fuels are non-renewable, that is, they draw on finite resources that will eventually dwindle, becoming too expensive or too environmentally damaging to retrieve. In contrast, renewable energy resources-such as wind and solar energy-are constantly replenished and will never run out.

The key technologies are :

SOLAR ENERGY
Solar energy technologies use the sun's energy and light to provide heat, light, hot water, electricity, and even cooling, for homes, businesses, and industry.

WIND POWER
We have been harnessing the wind's energy for hundreds of years. Windmills have been used for pumping water or grinding grain. Today, the windmill's modern equivalent - a wind turbine - can use the wind's energy to generate electricity.

HYDROGEN ENERGY
A fuel cell combines hydrogen and oxygen to produce electricity, heat, and water. Fuel cells are often compared to batteries. Both convert the energy produced by a chemical reaction into usable electric power. However, the fuel cell will produce electricity as long as fuel (hydrogen) is supplied, never losing its charge.

BIOMASS ENERGY
The use of biomass energy has the potential to greatly reduce our greenhouse gas emissions. Biomass generates about the same amount of carbon dioxide as fossil fuels, but every time a new plant grows, carbon dioxide is actually removed from the atmosphere. The net emission of carbon dioxide will be zero as long as plants continue to be replenished for biomass energy purposes.

HYDROPOWER
Flowing water creates energy that can be captured and turned into electricity. This is called hydroelectric power or hydropower.

GEOTHERMAL ENERGY
Geothermal energy is the heat from the Earth. It's clean and sustainable. Resources of geothermal energy range from the shallow ground to hot water and hot rock found a few miles beneath the Earth's surface, and down even deeper to the extremely high temperatures of molten rock called magma.

OCEAN ENERGY
The ocean can produce two types of energy: thermal energy from the sun's heat, and mechanical energy from the tides and waves. Oceans cover more than 70% of Earth's surface, making them the world's largest solar collectors. The sun's heat warms the surface water a lot more than the deep ocean water, and this temperature difference creates thermal energy. Just a small portion of the heat trapped in the ocean could power the world.

CARBON MARKETS
This is the process of developing carbon credits by investing in clean energy projects globally. These credits can then be traded and sold to organisations who are required or want to offset their carbon emissions.