What are the recent advancements in renewable energy?.

Recent advancements in renewable energy technologies focus on improving efficiency and reducing costs. Key innovations include:

Key Facts

• Solar photovoltaic efficiency has reached over 26% in lab settings (2024).
• Offshore wind capacity has more than doubled since 2020, with installations exceeding 50 GW (2023).
• Lithium-ion battery technology improvements have lowered costs by 89% from 2010 to 2023.
• Green hydrogen production is gaining traction, with costs projected to fall below $2/kg by 2030.

Examples or Use Cases

• Solar panels integrated into building designs for urban energy.
• Offshore wind farms providing clean energy to coastal cities.
• Use of batteries in electric vehicles to enhance energy storage.

FAQs

• What is green hydrogen? Green hydrogen is produced using renewable energy sources, offering a clean alternative to fossil fuels.
• How much of the world's energy comes from renewables? As of 2023, renewables account for approximately 29% of global electricity generation.