With the advancement in technology, things are changing as far as the energy and power industry is concerned. The induction of technological gadgets by energy companies has made this sector lucrative for investment. Carbon storage, smart power grids, nuclear fusion, solar energy, hydrogen technologies, innovative solar pumps and energy efficiency are some of the sectors of advanced and innovative energy sectors. If you keep reading this article, you will get a clear explanation about each of these energy segments. This article also covers some details about the stocks of energy companies which are good for investment during 2021. The global economies are stressing on the need to move towards renewable energy sources because the fossil fuels are depleting with every passing day and they are a source of global warming, inspite of it, the energy sector still has ample opportunities of growth and investment. As per available data, the renewable energy market is likely to reach $1,512.30 billion by 2025. It will grow at 6.1% from 2018 to 2025. There is a lot of stuff we have gathered for you below about Top 5 Emerging Energy Technologies for Investment in 2021 as shared by Insider Monkey on Yahoo.
Energy Efficiency is a segment of renewable energy source. The purpose and logic of this technology is to use less energy but create more value. In this context, various global economies have started to take steps. For example, the European countries are planning to reduce power consumption by 32.5% till 2030. Same is the case with the US. The incumbent US President, Joe Biden, has stressed on the need to shift entire dependency on renewable energy sources. Therefore, the US government is planning to save 71 million MWh under the head of power savings till 2035. Another technological advancement is Biomass. Globally, biomass is being treated as a rich power source. According to available data, production of global biodiesel is likely to increase to 298 Mtoe from 96 Mtoe by the year 2030. The level of food waste, garbage and landfills have increased despite global sustainability calls. The future of biodiesel production at present looks promising but due to climatic variations, scientists have voiced concerns about it. You can read more about other technological advancements in this article 10 Emerging Energy Technologies You Can Invest In Today.