Renewable Energy Predictions for 2019

2019 has arrived, and the energy landscape is buzzing with excitement. As we step into this new year, we’ve compiled our top forecasts for the renewable energy sector. Whether you're a business owner, a homeowner, or just someone passionate about sustainability, these trends are bound to shape the future of energy.

1. Embracing Sustainability

Big corporations are realizing that their environmental footprint is closely tied to their public image. In 2019, the focus will be on integrating renewable energy into core operations to boost profitability while staying eco-friendly. Millennials, who make up a significant portion of today's consumer base, are already prioritizing sustainable brands. A whopping 73% are willing to pay more for products from companies committed to renewable energy. This trend is expected to snowball further as Generation Z enters the market. Brands like Tesla and Patagonia have already set the bar high by aligning themselves with sustainability, and others are following suit. If you're a business looking to capitalize on this shift, consider exploring our range of solutions designed to help you embrace a greener future.

2. Solar Power Takes Center Stage

While Europe's solar industry may have slowed down slightly compared to global leaders, solar energy remains a strong contender in the UK. Property management firms are beginning to recognize the value of incorporating solar panels into new builds. It’s not just about reducing utility bills; solar installations are becoming a key selling point for attracting tenants. Imagine walking into a newly built home where every light is powered by sunlight—this is the kind of innovation that will soon become standard in real estate. We’re thrilled to see the property sector embracing solar technology, as it offers numerous benefits, from cutting costs to enhancing environmental responsibility.

3. Cost Reductions Across the Board

One of the most exciting developments for renewables in 2019 is the continued decline in costs. The price of wind and solar energy has reached grid parity, meaning they can now compete with traditional fossil fuels both in terms of cost and performance. This milestone underscores the growing viability of renewable energy sources. With decreasing expenses and increasing efficiency, renewable energy is poised to become the go-to option for powering homes and businesses. Investors are taking notice too, as falling costs encourage more capital to flow into clean energy projects worldwide.

4. Green Energy Goes Mainstream

Just like forward-thinking brands, large-scale venues are jumping on the renewable energy bandwagon. Major players like MGM Resorts are investing heavily in solar arrays to meet a significant portion of their energy needs. Arsenal FC has also made strides by installing a clean-energy battery system at their iconic Emirates Stadium. These initiatives highlight how sports and entertainment venues are transitioning to sustainable practices. Expect similar moves from other arenas, stadiums, and amusement parks in 2019. Next time you attend a concert or match, keep an eye out for signs of renewable energy powering the event.

5. AI and Microgrids Join Forces

When people think of artificial intelligence (AI), they often associate it with digital marketing or e-commerce. However, AI is revolutionizing renewable energy in ways few anticipated. By collaborating with microgrid controllers, AI is optimizing energy usage and distribution. Microgrids are gaining prominence due to their ability to enhance productivity and reduce waste. For instance, Xendee is partnering with Worley Parsons Group to cut down design and implementation times for microgrid projects by 90%. This collaboration showcases the potential of AI to transform how we manage and consume energy.

Looking Ahead

These predictions paint a bright picture for renewable energy in 2019. If you want to stay updated on emerging trends in smart homes and energy solutions, check out our latest blog posts. And if you have any thoughts on what might happen next in the energy space, share them with us on social media. Here’s to a year filled with progress and innovation!