WhatYou Need To Know About Renewable Energy and Why You Should Invest in 2023

Renewable energy is a topic that has been gaining more and more attention lately, and it’s important to understand all there is to know about these environmentally friendly and sustainable ways of producing energy.

There are many different forms of renewable energy, which we’ll cover here. We will also discuss some renewable energy companies that could be a good investment.

There have been an increasing number of venture capitalists and financial institutions looking to invest money in renewable energy solutions. These investors believe it to be the future of how the majority of our energy is produced.

If you’re interested in learning more about how investors are looking at renewable energy as an investment, check out this informational webpage about an event on renewable energy and impact investing.

So what is renewable energy?

As we mentioned above, renewable energy is a way of producing energy that can be replenished continuously without depleting a supply of a resource, such as fossil fuels. Because renewable energy is sustainable, it is often associated with being environmentally friendly, as it does not create waste.

Some examples of renewable energy are solar energy, wind, hydro, geothermal, and biomass. All of these forms of energy do not use up a resource, and can continue to produce energy without much maintenance.

Solar energy, for example, has been a form of renewable energy that has picked up a lot of steam recently. You’ve probably seen friends and neighbors installing solar panels on their roofs. The most common form of solar energy is through photovoltaic cells, which are the solar panels we are all familiar with. The other type of solar energy uses solar thermal technology, which uses the sun energy to heat water or air to generate electricity.

To learn more about solar energy and its uses, check out this site.

Hydro energy, on the other hand, uses the power of water to generate electricity. There are hydroelectric dams built just for this purpose: to generate electricity from the immense power that is given off from moving water. Hydroelectric dams are the most common form of producing hydro energy, but there are other methods as well.

Tidal power, pumped-storage hydroelectricity, and run-of-river hydroelectricity are also methods of producing hydro energy. Run-of-river directs a river current through a turbine which generates electricity. Pumped-storage pumps water into different elevations in reservoirs and releases the water when energy is needed, and tidal power generates electricity via ocean tides.

Investing in renewable energy

Investing in renewable energy is a growing trend among venture capitalists and financial institutions, as the industry as a whole continues to advance and become more profitable. Below, we’ve listed a few companies that may be strong investments in the renewable energy sector.

1. NextEra Energy (NEE). The world’s largest producer of wind and solar powered energy solutions, NextEra Energy is a good choice for many investors looking to diversify their portfolio with some renewable energy stock.

As of February 2023, their share price is $72.92 with a market cap of $144.93 billion.

2. Canadian Solar (CSIQ) Canadian Solar is a manufacturer of solar panels, and also provides services to help install the panels.

As of February 2023, their share price is $37.55 with a market cap of $2.41 billion.

3. Brookfield Renewable Partners (BEP). Brookfield Renewable Partners is an all around renewable energy company that specializes in hydroelectric, wind, solar, and other methods of producing renewable energy.

As of February 2023, their share price is $26.68 with a market cap of $7.3 billion.

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