One of the biggest complaints of renewable energy is how expensive it is. In the past, especially when this type of energy was just emerging, the high price of producing renewable energy was understandable. However, renewable energy sources have slowly transcended from a fad to something that is now easily incorporated into the provision of grid power. One of the reasons for this is that because this technology has been around for a while and because this technology has been refined, it is now just as affordable to produce as electricity is to produce.
One of the things that is keeping renewable energy from moving forward and keeping it more expensive is that there is not much movement in terms of how that renewable energy is used. This is the biggest stumbling block to renewable energy becoming a major player in the energy industry.
Something that may actually help take renewable energy to the next level is something rather simple and currently not given much consideration. This one thing is a simple metal known as iron.
To understand this better, it’s important to look at a solar cell. The basis for a standard solar cell is a metal known as ruthenium. Unfortunately, this metal is fairly expensive. Efforts to replace this metal with polymers haven’t turned out very well. However, research has shown that iron works as good and, in many cases, even better than the expensive ruthenium metal. In fact, this has led people to speculate that if iron began to be used extensively in the construction of solar cells, it could lead to a dynamic change in energy prices.
It may seem like a small thing, but something as basic as iron may be the key to unlocking even greater potential in the renewable energy market. Because this energy is less costly to provide than it was 20 years ago, it’s simply a matter of applying that energy and using it. If that were to be done, the ramifications would be astounding and most people, especially those using solar power, would see appreciable cost savings. If you’d like to know more about this, you can find out here, what all the excitement on renewable energy is all about.