When it comes to the current climate crisis at hand, it’s not an enjoyable conversation to have. Unfortunately, however, it is indeed an essential one.
And as we reach a point of no return for the safety of our planet and all creatures and species of life that inhabit it, the subject of renewable energy has become more important than ever before.
The damaging toxins and fumes that are produced by the fossil fuels we’ve relied on for so many years can no longer maintain their output into the atmosphere.
And for many businesses around the world, this means more dedication to renewable energy sources that are far less harmful to the environment than previous energy sources.
What Essentially is Renewable Energy?
It’s estimated that the planet has about 35-40 years left until there are no fossil fuels left.
Therefore, it’s essential that your business makes plans to accommodate and embrace some renewable energy practices while you still have the time to adjust to them.
Renewable energy is a form of energy that’s been cultivated from a natural source, such as wind, sunlight, and water. All of these sources are considered longer-lasting and sustainable for the foreseeable future.
Embracing ETRM Software for Renewable Energy Sources
Energy Trading Risk Management Software (also known as ETRM software) enables companies to better manage their energy resources and commodities.
ETRM software falls under the category of commodity trading and risk management but primarily facilitates the physical and financial trading of energy.
Any ETRM defined software is going to be good for an energy company looking to embrace more sustainable practices.
It helps to manage transactions and risk, with many of them dedicated purely to renewable energy.
What Are the Main Different Sources of Renewable Energy Available?
A business that’s looking to embrace renewable energy needs to know exactly which source of it is going to work best for its specific needs, goals, production quotas, and geographical locations.
Below are the predominant sources of renewable energy for businesses.
Solar Power
As most of you already know, solar power uses sunlight to generate electricity via cells and screens that absorb light on roofs and various other panels.
The built-in technology of a solar panel converts direct current into a useful and usable alternate current energy.
Solar thermal panels are also used to heat up water and generate warmth using natural sources from the planet instead of more harmful methods.
Wind Power
Wind power that travels through turbines helps businesses to get electricity that’s been generated via more efficient and environmentally friendly practices.
However, your business may need a wide open space to build these turbines and generate the appropriate amount of energy.
Hydroelectric Power
The power of moving water can be harnessed and used as an energy source to provide your business with electricity. This is achieved through the use of a large turbine or water wheel on sites close to natural water sources such as rivers and oceans and seas.