While oceans have proved to be a promising source of clean energy, they have not gained popularity or become a mainstream source of renewable energy, as have wind and solar. The session provided an overview on developments in commercializing ocean energy generation and related end-uses, such as offshore wind, marine floating solar, ocean biomass, in-stream tidal conversion, and cleaner marine propulsion.
Nearly half of global final energy consumption is used for heating and cooling applications, including industrial processes. This offers a huge opportunity to tap renewable energy for heating and cooling households and industries. Similarly, there is a need to leverage energy storage technologies beyond just batteries for electric vehicles.
With increased urbanization and rural development, waste generation and agriculture biomass will continue to increase at exponential rates. Presenters in this session provided the latest data and information on technologies for extracting energy from waste products; new biomass conversion technologies; biochar from biomass and solid waste; gasification and pyrolysis; waste to biochemical products and materials; integrated system solutions for optimal use of bioenergy and waste, and examples of smart policies and incentives.
The global market for solar photovoltaics (PV) is expected to grow by a dramatic 65-fold by 2050, due to technology innovations and policy incentives. Presenters in this session covered experiences and practices in PV development, incentives and policies, new business models and investment approaches, future PV technologies and applications, and new and emerging PV technologies.