Why the Demand for Renewable Energy Fasteners Continues to Grow
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Renewable energy is a hot topic in today’s media, with political statements, health studies and big name developments taking controversial stances on projects across the globe. But the demand for renewable energy fasteners continues to grow, with innovations and expansions driving solar, wind and other renewable energy technologies into the future.
Cost Is Key
Take a look at the development in the renewable energy industry over the last few years. In 2008, capacity of solar and wind power source totaled less than 136 gigawatts. By the end of 2011, that number had surpassed the 300 gigawatt mark, more than doubling in less than four years. A significant amount of daily demand in certain nations is being handled by these systems, with thousands and thousands of wind and solar fasteners in use.
As renewable energy increases, the cost of energy at peak times of the day could be altered. Plants using conventional sources, such as fossil fuels, make the majority of their revenue at peak times, when prices and demand hover at the highest levels. Assuming subsidies remain in place, renewable energy plants can offer the consumer lower prices for peak time energy, resulting in an industry shift and encouraging new development.
In short, renewable energy continues to erode the stronghold that conventional energy processes hold in the marketplace, with demand for renewable energy fasteners and more innovative systems carried along for the ride.
Innovation Moves Forward
The thrust for greater environmental responsibility also drives innovation in the renewable energy field. And as new technologies and designs are introduced, the industrial fastener market must work hard to keep up. Wind turbines, solar panels and other renewable energy systems must have a solid base of support across the building materials industry in order to build trust and maintain durability.
New mounting hardware, stronger alloys and more efficient fastener designs help innovators and business leaders to push renewable energy forward. As these developments achieve success, demand grows and greater opportunities for innovation are presented. The cycle perpetuates itself, with consumer demand for environmental responsibility undergirding the entire process.
Despite apparent setbacks and some negative media attention, the market for renewable energy continues to expand. This results in higher demand for renewable energy fasteners and a more diversified energy system for the entire world.
