AI & CLOUD
In the United States wind energy is responsible for providing more than 20 % of the total electricity generation across 11 states . It provides more than 50 % of the electricity in Iowa and South Dakota and more than 30 % in Kansas , North Dakota , and Oklahoma . Overall , in 2021 , wind energy accounted for around 9 % of the total electricity generation in the United States .
Globally , the wind energy market was valued at US $ 62.1bn in 2019 , according to Allied Market Research . This figure is estimated to reach US $ 127.2bn by 2027 at a CAGR of 9.3 % between 2020 and 2027 .
According to the report by Allied Market Research , Asia-Pacific accounted for the highest revenue share in 2019 . However , for the forecast period between 2020 and 2027 , Europe is expected to hold the highest share , owing to a rise in investments in countries including France , Norway , and the UK .
Also affecting market value is the presence of major players such as Siemens , General Electric , and Enercon , all of which will positively influence impact it as they fight to become the market leader .
Drivers affecting the growth of the market include a significant surge in demand for renewable power sources . The rise in market value is also attributed to an increase in the number of governments promoting sustainable energy sources to remove carbon emissions .
Google Cloud and Engie ’ s experimental wind farm technology Back in June 2022 , Google ’ s cloud division announced a partnership in which French utility firm Engie would use its experimental technology with the aim of boosting power and efficiency from wind farms .
The technology is reported to also predict the price of wind power which can then be sold on the market , something which will benefit both electricity grids and consumers , whilst making wind more competitive than fossil fuels .
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