Renewable energies, smart homes, artificial intelligence and Internet-of-Things (IoT) will have a huge impact on how companies in the energy industry should approach their market. Overall capacity will double in 10 years thanks to the use of flexible solar panels. Each year, we observe a virtuous circle accelerating around renewable energies. 2018 will be no exception. The more they grow, the more intelligent and scalable they become with lower installation, operating, and maintenance costs. This is fundamentally affected by the cost of the energy produced.
In 2009, producing 1 megawatt of electricity with solar photovoltaic panels was worth just under $300. In 2016, it costs 100 dollars.
Around the world, renewable energy companies are now able to offer accessible energy alternatives. The reason for this is a sharp drop in the cost of renewable energy and “being able to control its consumption.