Renewable Energy Trends To Look Out For
As environmental organizations implore corporations to take more environmentally-friendly initiatives, consumers have opted for and favored green companies, giving them a competitive advantage. Naturally, corporations have heeded the call of eco-activists to utilize renewable energy, not just for social responsibility but also for the undeniable financial benefits.
Solar PV
A solar power plant is a power generation facility that uses solar radiation to run an electrical generator or supply thermal energy. Solar Photovoltaic Power Systems use photovoltaics as the primary energy conversion layer in their system, consisting of solar panels and photovoltaic cells.
The US Department of Energy concludes that solar PV capacity has grown by 50.3% per year on average over the past decade. The United States had installed 2,400 megawatts of solar PV by the end of 2017. It is expected to grow to 4,500 megawatts in 2018. In 2016, global solar PV installations reached 261 GW, more than double the amount installed in 2015. In that year, China was responsible for most of this growth, 76%, followed by Japan at 14% and Germany and India at 5% each.
Wind Energy
Wind energy is a renewable energy source that converts wind kinetic energy into electrical power. The US Department of Energy reports that wind-generated 6.5% of all US electricity in 2017 accounted for more than 5% of the total installed capacity of 97 gigawatts. In 2016, worldwide installed wind capacity reached 266 GW, expected to reach 400 GW in 2030.
Biomass Energy
Biomass is a generic term for a wide range of plant matter used as food, feedstock, or fuel. Biomass is an efficient renewable energy resource because it releases oxygen during its combustion and produces little to no greenhouse gas emissions.
Biomass is not a single fuel but a broad category that includes many different types of materials. There is a wide range of biomass fuels, some more widely used than others. Biomass fuels include wood waste and other solid materials such as municipal solid waste (MSW), crop residue, poultry litter, and treated wood products in the US.
How The Newport Group Is Playing A Central Role
The Newport Group is a national renewable energy recruitment firm with solid engineering, construction, and development foundation. Our renewable energy recruitment experts offer a unique service that combines the high-level strategic thinking of our executive leadership team with the hands-on expertise of our renewable energy recruitment consultants.
Our executive team comprises professionals from various areas, including investor relations, due diligence, project finance, and oilfield services. Along with these industry leaders, we are fortunate to have a talented and highly trained group of renewable energy recruitment consultants who bring their own unique and diverse skill sets.
We Network With A Purpose
The Newport Group is a leading executive recruiting firm with expertise in numerous industry verticals. We deploy proprietary data sets and meticulous processes to identify, recruit, place, and help retain blue-chip talent at leading companies nationwide. Turn the challenges ahead into competitive advantages alongside our help. Roles we’ve placed include Senior VP, VP of Operations, Sr. Construction Manager, and Operations Manager Telecom, to name a few. Our team of recruiters is active in all sectors of real estate development, including production homebuilding, multifamily, affordable, commercial, retail, land, and asset, and property management. Construction verticals include commercial, civil, telecom, gas, power, utility, pipeline, infrastructure, and environmental consulting and remediation. Ever strategic in our approach—we present talent that aligns with our client’s strategic objectives.