• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

My TechDecisions

  • Best of Tech Decisions
  • Topics
    • Video
    • Audio
    • Mobility
    • Unified Communications
    • IT Infrastructure
    • Network Security
    • Physical Security
    • Facility
    • Compliance
  • RFP Resources
  • Resources
  • Podcasts
  • Project of the Week
  • About Us
    SEARCH
Compliance, News

Will Renewable Energy Continue to Grow?

Private investments in renewable energy seek to boost the industry, but can the trend continue?

July 23, 2019 Sam Harton Leave a Comment

Though the Trump Administration has made its love affair with fossil fuels quite clear, the U.S. private sector has turned the renewable energy business into a booming one. Whether it’s through investment in promising technologies or powering stores and warehouses using clean energy, corporations are turning to low-carbon portfolios on a large scale. Starbucks, for instance, partnered with LevelTen Energy to produce enough wind and solar power to supply 3,000 of its coffee shops with clean electricity. 

According to Fortune, there are a myriad of reasons that companies are putting their confidence in renewable energy: “low cost of renewable energy, expanded requirements that states derive a certain portion of their energy from renewable sources, increased demand from corporations, the potential for new carbon legislation, and a desire to benefit from sunsetting tax credits.” 

Last year, the American Council on Renewable Energy launched a campaign to promote $1 trillion dollars of U.S. private sector investment in renewable energy by 2030. So far, the effort seems to be off to a good start, with $57 billion of private sector investments towards renewable energy and enabling grid technologies in 2018. 

The projections after 2022 are less certain. Energy storage, for instance, is not quite as advanced as experts wish and presents challenges in developing cutting-edge renewable technology. 

Policy is an obvious problem in the current political climate. California, Hawaii, Nevada, Washington, New Mexico, and, most recently, New York have all pledged themselves to 100% renewable or carbon-free goals, but there have been some pretty hefty environmental defeats at the federal level. See: pulling out of the Paris Agreement, approving construction of oil pipelines, and hiring an EPA Administrator that doesn’t believe carbon dioxide is a primary contributor to climate change.

Still, a few federal legislative proposals make the scene seem a little less bleak. Fortune cites “a new tax credit for energy storage to help modernize the grid, ambitious national renewable and clean energy standards to expand the progress being made in the states, a federal price on carbon emissions to account for the true financial cost of greenhouse gas emissions across the economy, and a technology-neutral tax credit for carbon-free electricity generation.”

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our digital newsletters!

Tagged With: Energy Management, Green Technology

Related Content:

  • Cloud, SASE, Aryaka How the Cloud is Redefining Media Production and…
  • Singlewire Software mass notification interview Singlewire Software on Mass Notification Solutions
  • URI catchbox 1 Catchbox Plus: The Mic Solution That Finally Gave…
  • Engaging virtual meeting with diverse participants discussing creative ideas in a bright office space during daylight hours Diversified Survey: Workplace AV Tech is Falling Short,…

Free downloadable guide you may like:

  • ChatGPT, generative AI, enterprise, workplaceBlueprint Series: ChatGPT and Generative AI in the Workplace

    This latest release of the TechDecisions Blueprint Series explores the new phenomenon of tools such as ChatGPT and how IT leaders should go about deploying generative AI in their organizations.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Downloads

Practical Design Guide for Office Spaces
Practical Design Guide for Office Spaces

Recent Gartner research shows that workers prefer to return to the office for in-person meetings for relevant milestones, as well as for face-to-fa...

New Camera Can Transform Your Live Production Workflow
New Camera System Can Transform Your Live Production Workflow

Sony's HXC-FZ90 studio camera system combines flexibility and exceptional image quality with entry-level pricing.

Creating Great User Experience and Ultimate Flexibility with Clickshare

Working and collaborating in any office environment today should be meaningful, as workers today go to office for very specific reasons. When desig...

View All Downloads

Would you like your latest project featured on TechDecisions as Project of the Week?

Apply Today!

More from Our Sister Publications

Get the latest news about AV integrators and Security installers from our sister publications:

Commercial IntegratorSecurity Sales

AV-iQ

Footer

TechDecisions

  • Home
  • Welcome to TechDecisions
  • Contact Us
  • Comment Guidelines
  • RSS Feeds
  • Twitter
  • Facebook
  • Linkedin

Free Technology Guides

FREE Downloadable resources from TechDecisions provide timely insight into the issues that IT, A/V, and Security end-users, managers, and decision makers are facing in commercial, corporate, education, institutional, and other vertical markets

View all Guides
TD Project of the Week

Get your latest project featured on TechDecisions Project of the Week. Submit your work once and it will be eligible for all upcoming weeks.

Enter Today!
Emerald Logo
ABOUTCAREERSAUTHORIZED SERVICE PROVIDERSYour Privacy ChoicesTERMS OF USEPRIVACY POLICY

© 2025 Emerald X, LLC. All rights reserved.