Renewable energy technologies (RETs) - hydropower, biomass, wind and solar photovoltaic – have been successfully demonstrated over the years.
Currently, the total shares of all renewables for electricity production make up for about 19%, a vast majority (83%) of it being from hydroelectric power.
Power generation through the use of biomass offers a viable and long-term solution to grid electrification, however it is inefficient use, biomass resources presently supply only about 20% of what they could if converted by modern, more efficient, available technologies.
In recent years, interest in biomass as a modern energy source, especially for electricity generation has been growing worldwide. Wind power has emerged out as the world’s fastest growing energy source.
In smart grids, users can influence utilities by adding distributed generation sources such as photovoltaic (PV) modules or energy storage at the point of use, and reacting pricing signals.