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Hydrocarbons to Renewables: A Complete Guide
Learn all about transitioning from hydrocarbons to renewables.
1. Renewables Economics
Transitioning to renewable energy requires examining its economic impacts.
Why Transition to Renewables?
Although hydrocarbons will remain an important source of energy and a building block of manufacturing, renewables are a booming industry with substantial growth projections. Renewable energy technologies are evolving every year as existing solutions grow more efficient and new solutions arise. They represent the next frontier for energy providers and their partners.
The societal transition from hydrocarbons to renewables will require many projects and investments. Renewable energy projects benefit the environment and the economy. They help to reduce carbon emissions and pollution, serving as a safer and more sustainable energy source. They’re an excellent investment thanks to helpful financing programs and high return on investment (ROI).
Clean, renewable energy sources represent the future of electricity generation, slowly replacing hydrocarbons. Hydrocarbons in the form of fossil fuels require replacement for several reasons. Their collection and use generate serious environmental and public health concerns, contributing to climate change, rendering vast strips of land uninhabitable and resulting in harmful contaminants. While hydrocarbons will not disappear any time soon, now is the best time to invest in emerging alternative solutions.
Alternative energy technology harnesses the energy ever-present in the environment. Some solutions involve producing energy from the rays or heat of the sun itself. Others use the temperature variations or movement of the ocean. Others still use the hot steam from within the earth’s surface, the pressure present in bodies of water or the constant winds above the ground.
Utility companies should invest in renewable energy technology. If you’re interested in doing so, consider partnering with TRC. The experts at TRC can help you take your renewable energy project from concept to construction, helping you maximize efficiency and minimize risk every step of the way. Learn how TRC can help you bring your renewable project to life — contact us with any questions!
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