About Si Energy Lab
With the rise of renewables and the smart grid our energy architecture is surely going to go through a profound transformation in the coming decades, but is this transformation happening fast enough? The ongoing transformation of the global energy system poses fundamental challenges to the creation of a new robust energy system. Meeting the growing demand for energy and environment is one of the most complex and challenging issues of our time.
Renewable technology is certainly developing rapidly, a recent report by Deloitte presented a positive outlook for the industry saying that: “despite continuing uncertainty over policy incentives and competition from historically low natural gas prices, alternative energy’s momentum continues to accelerate. In the case of wind and solar power, growth rates are regularly outpacing projections. Alternative energy sources still face the aforementioned roadblocks and perhaps a few emerging ones, but the industry continues to move forward and the overall outlook for growth is strong due to both longstanding and new trends.”