What does the future of the electrical industry hold? This is a question many have pondered since the very first instance electrical energy was harnessed. However, in the past, the notion that something could replace coal, oil, and nuclear forms of electricity production was considered more akin to the realm of science-fiction as opposed to science-fact. In recent times, however, the perpetual development of alternate energy sources and the expansion of investment into this sector is setting the stage for new and innovative forms of electricity production.
Among the most interesting would be the growth in wind power. Most are under the assumption that solar is the future for renewable alternate energy but according to the Edison Electric Institute, it is wind power that has the greatest potential. Per Edison, power generated by wind comprises “approximately [one third] of the nation’s non-hydro renewable energy.” There are definitely complexities associated with installing and mounting wind turbines but recent innovations into smaller size turbines might prove the perfect means of overcoming those hurdles.
The New York Times did point out that the future of solar and wind generated electricity might very well hinge on continued federal aid. Such an assessment might be a little pessimistic. If solar and wind power proves efficient, reliable, and less costly, then the consumer demand for these alternate energy sources will skyrocket. That means they will be highly profitable and not in need of any subsidies.
Not all changes in the world of electric power are dramatic. While it is true that greater emphasis on solar and wind power is emerging, there are “minor alterations” in how energy is harnessed which can prove enormously innovative.
One such trend which is sometimes overlooked would be the development of smart grids. The classic model of energy grids is effective but it is not always reliable and efficient. Per SmartGrid.Gov, designers have put enormous amounts of effort into making power grids more reliable and more energy efficient. This can certainly contribute to conserving energy and avoiding the depletion of current energy supplies. Additionally, smart grids could be engineered so they can more efficiently conduct electricity derived from alternate energy sources. This, in turn, could further spawn increased domestic interest in alternative sources of electricity.
Innovation truly is the key to progress. If alternate energy designers and engineers are capable or providing innovative and cost efficient sources of electricity, then the future of electricity may very well be one of renewable sources.