Solar Energy For The Future World: – A Review


Solar Energy For The Future World: - A Review

Human needs are unlimited, but the resources to fulfill them are limited. We all grew up hearing this, and it still stands true. So, turning to renewable energy sources for whatever we can, appears as a key to survive this deficit of energy resources. Out of all the available renewable sources of energy, scientists, industrialists, and economists place their big bets on solar power and wind energy. With the tremendous amount of solar energy we can have, the future looks bright. Read on to know how a future dependant on solar energy holds.

Development On Solar Energy

Solar Energy For The Future World: - A Review
Solar Energy For The Future World: – A Review

Ever since humankind realized that we could harness the sun’s energy into powerful, productive use, we have consistently put in the effort to develop ways and tools to be able to do it. However, solar energy is widely used in renewable energy across all geographies. And, we can see development year on year in terms of advancement of its uses. Not only is it environment-friendly, but it is also freely available in abundance. Solar energy has the potential to light up the world, literally! Besides, the advantages of adopting this energy outweigh its disadvantages.

Today, owing to the technological advancements, we see factories, villages, airports that use only solar energy as their source for light and power. The installation of solar panels has made this possible. We have not been able to harness this abundant energy source to full use yet successfully. Only about 2% of the world’s energy source is solar. Therefore, there is an enormous scope of solar energy in the future.

Future Solar Installations Affordability

Solar Energy For The Future World: - A Review
Solar Energy For The Future World: – A Review

The affordability of solar energy is also a plus. We view solar panel installation as a capital investment with high returns over time. Solar cells in the solar panels convert the light into electricity. However, there is scope for improving affordability as well the efficiency. Silicon forms as a significant cost component in designing the solar cells, and in the future, we can expect the cost to go down as it has gone down over the decades.

We also have to find an alternative to silicon that can be installed in solar panels for better future sustainability. Today’s solar cells operate on 33% efficiency, wasting more than half the amount of sun’s valuable energy. Increasing productivity is a crucial goal for solar technologists.

Policymakers are keeping an eye on the advancements in this field. A considerable component of future climate policies will depend and revolve around solar energy. Moreover, it can be fruitful in mitigating climate change. Solar energy, from a business opportunity perspective, will drive changes in the economic markets more in the future, as it continues to do now.

It will not be surprising to have trains, airplanes, cities operating entirely on solar energy. However, this exciting shift is already on its way. Companies like Tesla and all other biggies are working and investing hugely in researching and developing solar energy to know of the unknown possibilities attached in the space. With creativity and technology coupling up, we will soon be able to have solar panels in various shapes and sizes too.

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