Emerging Trends in Renewable Energy in 2023
2022 was a big year for the renewable energy movement globally.
1. The Russia-Ukraine crisis sparked an unprecedented energy crisis that has popularized solar PV and wind energy.
2. Countries globally committed to regulatory and policy changes needed to guarantee net zero emissions.
3. Renewable energy expansion has grown 85% over the past 5 years. 2023 is set to be a year of major developments in this space.
Here are some of the trends that are likely to be observed in 2023 and beyond:
1. Increased Application of Technological Solutions
Last year, the industry’s growth was impeded by geopolitical and supply-chain interruptions. Despite this, global solar capacity is slated to exceed a terawatt of production in 2023. Technological factors in support of this include floating solar photo-voltaicss, predictive asset maintenance using AI, and web3 powered climate solutions like Safi Protocol.
This will make it easier and cheaper to implement projects across the globe.
2. The Electric Vehicle Mania The soaring popularity of electric vehicles has created demand for short and long-term battery powering and storage solutions.
In 2022, there were an estimated 16.3 million EVs, with the number expected to reach 836 million by 2050.
Countries like Germany have committed to doing away with internal combustion engines by 2030.
Therefore,large-scale demand in scalable and cheap charging is in the offing Besides, new solutions could bridge the overload on existing grids while reducing emissions. 3. Increased Focus on Carbon Footprints Savvy, ecologically conscious consumers are increasingly scrutinizing the entire life cycle of renewable energy providers.
A key metric in 2023 will be the amount of carbon-dioxide emitted by a provider per kilowatt-hour.
The private sector is also likely to pay close attention to this when choosing their ESG initiatives. Safi Protocol intends to make a massive contribution in this regard, with its upcoming blockchain-powered digital certificates.
Nobody knows what the year has in store for us.
However, we at Safi are already trying to make the future instead of predicting it. Stay tuned for more updates on our journey and how we will approach these trends in implementing our project.
