While the prices of manufacturing energy from conventional sources are constantly rising, costs of renewable energy are rapidly dropping. The reason of this are technical progress, early application effect and economies of scale. If the prices grow moderate, it can be assumed, that within a few years, grid parity (cost equalization of energy generation from renewable and conventional sources) will be achieved in all European markets.
“The priority of the European Union in the first half of the twenty-first century will be – in the words of Jeremy Rifkin – stepping at the head of a march to third industrial revolution. Reducing carbon emissions is just one of many aspects. The time has come to completely move to a low carbon economy. “
President of the European Parliament Hans-Gert Pottering speech, 12 June 2008
Energy development is an integral part of human progress. The current energy generation is mostly based on an old coal technologies, which require constant reconstruction and modernization, consuming huge investment outlays. The constant renovation and modernization of conventional power plants are not sufficient way to ensure energy security for the rapidly developing countries. We are approaching the end of the era of fossil fuels and their function as a driving force to the economy. The energy market is facing a new challenge of creating a system based on a new concept – distributed sources, energy independence and environmental harmlessness. Renewable energy is one of the main pillars of this strategy.
If the West wants to get back on the path of fast development, pay off debts and protect the living standard, the challenge of the Third Industrial Revolution must be confronted. In what were the two previous revolutions lying? In the interaction of new communication techniques with new sources of energy. First Industrial Revolution in the 19th century was based on the mass printing technique and economy driven by coal and steam power. Second revolution, in the 20th century, was the result of the dissemination of electrical communication tools – from the telephone to the radio and television – and spreading the internal combustion engine. The third began with appearance of digital communication. Internet has changed the world, people’s expectations, the rate and scale of the information flow. But energy sources remained the same – still coal, gas, oil. The whole world has suddenly started to assimilate with the West, but these energy sources, which were the base of our development, aren’t now enough for all. They were enough for hundreds of millions, but not for a few billions.
If half of the people in the world began to consume as much energy from traditional sources as the West does, we would have an ecological disaster on a global scale. The essence of today’s crisis is that the world is already dealing with a shortage of energy. Until we don’t deal with this imbalance, we won’t get out of the crisis. (…)
Coal energy is expensive and harmful for the environment. A gas production is insufficient and it won’t catch up with demand under the prices which offer economic development opportunities. Europe has introduced the world to the reality of the First and Second Industrial Revolution. She referred huge benefits from this reason. Why it shouldn’t repeat this second time?
Jeremy Rifkin – American economist and political scientist
He was adviser to, i.a., Angela Merkel, Romano Prodi and José Luis Zapatero; he worked with the French government, the European Commission and the European Parliament.
We are accompanied by a group of engineers and professionals who design, implement and deliver new solutions to the power industry.
Our aim is to invest in our common energy future of our country by promoting and developing innovative technologies for the power industry. We believe that just as in previous decades the computers and Internet have revolutionized our reality, so in the next few years new energy technologies will become the basis of the world economy revolution. We want to participate in this changes by creating new sources of energy that will lead us into the future.