2023 Renewable Energy Trends: What to Watch for in the Coming Years
Renewable energy is a rapidly growing industry, with a predicted market value of nearly $2 trillion by 2030 [1] . There are several trends in renewable energy that are expected to shape the industry in the coming years. One trend is the use of artificial intelligence (AI) to forecast demand and manage the distribution of resources, ensuring that power is available when and where it is needed with minimal waste [1] . Another trend is the development of advanced engineering in renewables, which is constantly improving the technology used to generate renewable energy, making it more economical, efficient, and safe [1] The renewable energy industry is expected to face challenges in 2023, such as rising costs, supply chain disruptions, and trade policy uncertainty [2] . However, growth is expected to accelerate due to strong tailwinds created by soaring demand and attractive, long-term incentives [2] . Five trends are expected to help address these challenges and accelerate grow...