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Renewable Energy Trends for 2024

Trends In Renewable Energy

As we move into 2024, the renewable energy sector is poised for significant advancements that will drive sustainability and innovation. The landscape is rapidly evolving with several key trends emerging that promise to reshape the industry. From breakthroughs in solar technology to the expansion of electric vehicle infrastructure, these trends highlight the growing commitment to a greener future. This year, we expect to see remarkable progress in various areas, each contributing to a more sustainable and efficient energy ecosystem.

renewable energy landscape
Renewable Energy Trends 2024

Energy Storage Solutions

Energy storage is a critical component of the renewable energy equation, and 2024 will see significant improvements in this area. Solid-state batteries, which offer greater energy density and safety compared to traditional lithium-ion batteries, are on the horizon. These advancements will enhance the reliability of renewable energy by ensuring a steady power supply even when the sun isn’t shining or the wind isn’t blowing.

Green Hydrogen

Green hydrogen is emerging as a key player in the renewable energy sector. Produced using renewable energy sources like wind and solar, green hydrogen can be used in various applications, from powering industries to fuelling vehicles. Its potential to reduce carbon emissions makes it an attractive option for achieving sustainability goals.

Decentralised Energy Systems

The shift towards decentralised energy systems is gaining momentum. Microgrids and localised energy solutions provide communities with greater energy security and resilience. By generating and distributing energy locally, these systems reduce transmission losses and enhance the reliability of the power supply.

Smart Grid Technologies

Smart grid technologies are revolutionising how energy is distributed and consumed. By integrating artificial intelligence (AI) and the Internet of Things (IoT), these systems optimise energy use, reduce costs, and improve efficiency. Smart grids enable real-time monitoring and management of energy flows, making renewable energy systems more effective and responsive to demand.

EV Infrastructure Expansion

With the growing popularity of electric vehicles (EVs), the expansion of EV charging infrastructure is crucial. In 2024, we can expect significant investments in this area, with more charging stations powered by renewable energy sources. This expansion will support the increasing number of EVs on the road and contribute to reducing greenhouse gas emissions.

Government Policies and Incentives

Government policies and incentives will continue to play a vital role in the adoption of renewable energy. In 2024, new initiatives at both national and international levels are expected to drive further investment in renewable energy technologies. These policies will provide financial support and regulatory frameworks that encourage the transition to a sustainable energy future.

Key Policies and Initiatives in the UK

1. Energy Security Act

The Energy Security Act is one of the most significant pieces of energy legislation in recent years. It aims to boost investment in clean energy technologies and support the creation of thousands of skilled jobs across the UK. The Act introduces measures to increase competition in onshore electricity networks, reducing costs for network operation and development, and ensuring energy bills remain affordable for consumers. It also expands Ofgem's remit to heat networks, setting rules to prevent excessive pricing and improve service quality for consumers.

2. Contracts for Difference (CfD) Scheme

The CfD scheme is a flagship renewable energy support programme. The fourth round, launched recently, provides GBP 285 million annually to support low-carbon technologies. This funding aims to secure 12GW of electricity capacity, with substantial allocations for offshore wind, solar, tidal, and floating offshore wind projects. The scheme has already secured significant clean energy capacity, particularly from new offshore wind projects.

3. Great British Insulation Scheme

This scheme focuses on delivering vital energy efficiency upgrades to homes across the UK. Alongside this, the Boiler Upgrade Scheme has been extended to 2028, encouraging the adoption of clean heat technologies such as heat pumps. These initiatives are part of a broader strategy to reduce energy consumption and enhance energy security by making homes more energy-efficient.

4. Support for Hydrogen and Carbon Capture

The UK government is also investing in hydrogen production and carbon capture technologies. The first round of the electrolytic hydrogen production allocation and the Net Zero Hydrogen Fund are key components of this effort, providing capital co-funding and revenue support for innovative projects. Additionally, the government is advancing carbon capture, usage, and storage (CCUS) projects, which are crucial for reducing industrial emissions and supporting the UK’s net-zero targets.

These policies reflect the UK government's commitment to fostering a robust renewable energy sector, ensuring a secure, low-cost, and sustainable energy future. By supporting innovative technologies and improving energy infrastructure, these initiatives are set to drive significant progress in the transition to a green economy.

Sustainable Building Practices

Sustainable building practices are becoming the norm as more developers and homeowners prioritise energy efficiency. In 2024, we will see a greater integration of renewable energy solutions, such as solar panels and heat pumps, into building designs. These practices not only reduce energy consumption but also enhance the value and appeal of properties.

Innovations in Solar Technology

Solar technology is experiencing a revolution with innovations like bifacial solar panels and perovskite cells leading the charge.

Bifacial Solar Panels

Bifacial solar panels are an exciting development in the solar industry. Unlike traditional solar panels, which only capture sunlight on one side, bifacial panels are designed to absorb light from both the front and the back. This dual-sided capability allows them to harness more energy from the same amount of sunlight, significantly increasing their efficiency. The rear side of bifacial panels captures reflected and diffused light from the ground and surrounding surfaces, contributing to higher overall energy generation. This technology is particularly effective in environments with high albedo surfaces, such as snowy or sandy areas, where the ground reflects a substantial amount of sunlight.

Perovskite Solar Cells

Perovskite solar cells are another groundbreaking innovation. These cells are made from a class of materials called perovskites, which are known for their excellent light-absorbing properties and high efficiency rates. One of the most significant advantages of perovskite cells is their low production costs. Unlike traditional silicon-based solar cells, perovskite cells can be manufactured using simpler and less expensive processes, making them an attractive option for large-scale solar energy production.

Perovskite solar cells have rapidly improved in efficiency over a short period, with some laboratory tests showing efficiency rates surpassing 25%. This is comparable to, and in some cases even better than, traditional silicon solar cells. Additionally, perovskite cells can be made flexible and lightweight, which opens up new possibilities for their integration into various surfaces and applications, from building-integrated photovoltaics to wearable solar devices.

Transforming the Solar Landscape

These innovations are transforming the solar landscape by making solar energy more efficient and accessible. Bifacial panels’ ability to capture more light means they can generate more power from the same surface area, which is particularly beneficial in space-constrained installations like urban rooftops. Meanwhile, the cost-effectiveness and high efficiency of perovskite cells are paving the way for broader adoption of solar technology, making it a more viable option for diverse applications.

The combination of these technologies promises to accelerate the shift towards renewable energy by improving the performance and reducing the costs of solar power systems. As research and development continue, we can expect further enhancements and wider deployment of these advanced solar technologies, contributing significantly to global sustainability efforts.


These trends highlight a dynamic and rapidly evolving renewable energy sector. At REM, we are committed to staying at the forefront of these developments, offering innovative solutions to meet the growing demand for sustainable energy.


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