Renewable Energy Trends to Expect in 2021

Green energy becomes more accessible every year because the industry continues to gain support. People want to be eco-friendly in their personal lives and support companies that use sustainable business practices. Industry experts should learn about which renewable energy trends to expect in 2021 to better understand what the future holds.

Renewable Energy Trends to Expect in 2021

Courtesy of NREL

These trends will contribute to the industry’s upcoming success. Learning more about them could drive plans to set the bar higher within major companies so the renewable energy industry continues to grow well past the year’s end.

1. Corporations Will Go Green

Five or 10 years ago, people supported companies that made green changes to their business. They bought food from retailers who cut back on plastic grocery bags and clothes from companies that stopped relying on fast fashion practices. Now they expect more, so corporations that hope for success in 2021 should attempt to broaden their sustainability efforts.

Going 100% green is a significant commitment that promises long-term change. It’s why Google pledged to become carbon-energy free by 2030 and outlined how it plans to do so. Sustainability isn’t a consumer fad. It’s becoming an expected part of everyday life.

2. Scope 3 Emissions Will Decrease

Scope 3 emissions are also known as value chain emissions. They don’t come directly from a company’s production plant or factories. Instead, they result from partnering organizations. Corporations will likely focus on these emissions to reduce their carbon footprint because they add to their environmental responsibility.

3. Geothermal Heat Will Warm Neighborhoods

Homeowners have heard about solar energy for years, but the future looks bright for industry experts working with geothermal energy. Instead of relying on more power to warm a house connected to an air source heat pump, homeowners will save money by drawing on heat from the ground.

Even in the coldest conditions, ground temperatures average around 55 degrees Fahrenheit, so there are no swings in temperature fluctuations. The constant ground heat is cost-efficient and highly effective, so homeowners will begin to invest in geothermal heat to save money and stay comfortable.

4. Innovation Will Drive Green Efforts

Ambitious sustainability targets require constant innovation. Even though most people are familiar with the idea of going green, it’s still relatively uncharted territory in terms of the needed scope. New innovative solutions will hit the market so renewable energy becomes easier for long-term goals and profitability. Expect to see greener, budget-friendly adaptations in everything from infrastructure to consumer marketing.

5. Companies Will Leverage Tax Credits

The federal government offers a 30% investment tax credit (ITC) to companies that leave fossil fuels behind and depend on solar energy. It’s a crucial part of what’s made renewable business models more accessible and widely expected from consumers.

There will likely be upcoming developments with other tax credits to encourage people to switch to green energy forms. Companies can leverage these credits to make the sustainable switch, build consumer trust and maintain a greener future for their business operations.

6. Traditional Energy Companies Will Diversify

The traditional energy industry knows its days of domineering the market are coming to an end, so it’s in their best interest to diversify. Oil, gas and electric companies will invest in biorefinery efforts and green technology to stay afloat. It could be a new major source of funding for the growing sustainability sector.

It depends on how many companies diversify in the coming year and how much they’re willing to spend. They may be interested in single investments or even partnering with green energy titans that can demonstrate a viable path forward for profitability and consumer relations.


BOOK Penzance

Accommodation in Penzance – Created by local owners to give you the best value

If you’re looking for a corporate hotel chain, you won’t find it on this website. Instead, you’ll find privately owned, family run and friendly B&Bs, hotels and self-catering Penzance accommodation, and it’s the best place to make your booking: direct with the provider for the best experience.

Elmsdale 01736 331734 – Bay Lodge 01736 351090 – Blueseas 01736 364744 – Castallack Farm & Cottages 01736 731969 – Chy-An-Mor 01736 363441 – easyPz backpackers 01736 368136 – Glencree Guesthouse 01736 362026 – Holbein House 01736 33654 – Keigwin House 01736 363930 – Panorama Guest House 01736 360798 – Rosalie Guest House and Annexe 01736 351202 – The Lugger Hotel 01736 363236 – Lynwood Guest House 01736 365871 – The Old Pilchard Works 01736 732699 – Pendennis Guest House 01736 363823 – Tremont Guest House 01736 362614 – Torwood Guest House 01736 360063 – Warwick House 01736 363881 – Woodstock Guest House 01736 369049