Examining the Modern Energy Market - Social Media Explorer
Examining the Modern Energy Market
Examining the Modern Energy Market
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Our world is changing in many ways, and not the least of which is how we view and conserve the environment. Prioritization of clean energy has become one of the main topics we consider in the things we buy, the businesses we support, the homes and appliances we purchase, and even in the way we vote. Seventy-one percent of Americans believe that clean energy should be a priority, and by 2025, the global modern energy market is expected to reach $1.5 trillion. 

The renewable energy market is booming. In 2019, the number of renewable energy powered homes had reached the equivalent of 43.5 million. Solar and wind generated power are the source of a combined 370,000 jobs and 37.7 billion dollars in investments. Vehicles are another area of growth with more than 3 million alternative fuel vehicles sold just in 2019. 

Americans are concerned about the environment and nearly 50% would be willing to pay an average of $15 additional dollars per month to use clean energy in their homes. Three out of four Americans believe that clean energy will reduce water and air pollution by about 75% each. 

The source of sustainable energy is largely built on batteries, as renewables such as solar and wind are captured intermittently. Solar power is captured during daylight, and wind is captured when it’s windy. In between times, that energy must be stored. Batteries are the solution to this storage problem. 

Traditionally, we’ve used lithium-ion batteries for all kinds of storage since 1912. In 2021, it’s time for an upgrade. Vanadium flow batteries take energy storage to the next level. Their non-degrading and water-based construction make them the sustainable answer to sustainable energy storage. Learn more about the modern energy market in the infographic below:

The Modern Energy Market

About the Author

Sarah Evans

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