TECH & AI
It ’ s no secret that the energy industry is at a crossroads – where the traditional energy landscape and technology , which is already transforming it , meet .
This comes as the world grapples with the urgent need to combat climate change , with industry leaders turning to innovative solutions that not only meet the growing demand for energy but also pave the way for a more sustainable future .
At the heart of this transformation lies renewable energy sources . Solar , wind , hydro , geothermal … advances in these areas have emerged as cornerstones in the pursuit of sustainability .
“ We see a growth in innovation led by the needs of the customers and the market ,” says Sungrow ’ s Anastasios Gkinis , who manages the company ’ s operations in the UK , Southeastern Europe and CIS . As an experienced professional in renewables and construction across a broad and diverse region , he notes that although the renewable picture varies drastically from place to place , renewables are becoming increasingly accessible thanks to reduced costs .
The International Energy Agency ( IEA ) reports that investments in lowcarbon technologies – an umbrella that encompasses the likes of renewable energy sources – reached a staggering US $ 1.1tn in 2022 , with its latest research stating this figure must reach US $ 4.5tn per year by 2030 to limit global warming to 1.5 ° C . Despite the fact that significant progress must be made to reach this
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