Startups And Tech Lead The Way As Renewable Energy Hits Milestone

Renewable energy has reached a historic milestone, accounting for 30% of global electricity generation in 2023, as reported by Sky News. China and Brazil have taken the lead in expanding solar and wind power, marking a significant step towards reducing greenhouse gas emissions worldwide.

However, funding for clean energy projects remains a challenge in many countries. Fortunately, technology has played a vital role in driving the growth of renewable energy, making it more affordable and accessible than ever before.

Thanks to innovative technologies, we have made significant progress towards sustainable living. Smart energy meters help us monitor and optimise our electricity usage, while innovative solar panel designs increase efficiency. In addition, startups are driving innovation in the clean energy sector, creating both new economic opportunities and a greener, more sustainable future.


Renewable Energy Sector Hits Global Milestone


In 2023, renewable energy achieved a major milestone by generating a record-breaking 30% of the world’s electricity, as reported by Sky News. This surge was mainly driven by the remarkable growth of solar and wind power, with China and Brazil leading the charge. China alone accounted for over half of the world’s new solar generation and the majority of new wind power installations.

Experts consider this a crucial moment in the global transition to cleaner energy sources, with hopes rising for a decrease in global greenhouse gas emissions. However, many countries still face challenges in funding the transition to clean power.

Despite these challenges, the growth in renewable energy has been significant, thanks to technological advancements and supportive policies. For instance, the cost of solar power decreased by half last year, making it more accessible than ever before.

For the future, investing in renewable energy, particularly in developing countries, will be crucial for accelerating the transition to cleaner energy sources and tackling climate change on a global scale.


How Is Tech Advancing The Renewable Energy Sector?


In the renewable energy sector, technological advancements play a crucial role in driving innovation and sustainability.


Photovoltaic Systems

One significant trend is the advancement in photovoltaic (PV) systems, particularly in the integration of solar panels with various surroundings, reducing the need for additional land usage. Startups are at the forefront, developing thin-film cells to enhance solar panels’ flexibility, cost-effectiveness, and environmental friendliness.

Additionally, emerging technologies concentrate solar power using mirrors and lenses, while innovations in PV materials, such as perovskite, significantly increase energy conversion rates. These advancements not only improve PV performance but also promote sustainability through recycling, minimal resource utilisation, and the use of alternative materials.


Artificial Intelligence

Another noteworthy trend is the integration of artificial intelligence (AI) and big data in the renewables sector. These technologies enable quick decision-making in real time, which is essential for managing the complex energy grid. AI algorithms are utilised for grid analytics, power consumption forecasting, and predictive maintenance of renewable energy sources.

Startups are leveraging data analytics and machine learning for renewable energy model designing and performance analysis. These advancements enhance the efficiency and reliability of renewable energy systems, contributing to a more sustainable future.


Distributed Energy Storage Systems

Furthermore, distributed energy storage systems are gaining traction, addressing the irregularity in renewable energy production. Startups offer a range of battery and batteryless solutions tailored to economic and environmental requirements. For instance, flow batteries leverage consistent energy flow, while solid-state batteries provide high energy density.

Startups are exploring batteryless storage alternatives such as compressed air and thermal energy storage. These innovations in energy storage technologies improve grid stability and enable a smoother transition towards renewable energy sources.


Startups Pioneering The Clean Energy Sector


At the forefront of transforming our world are startups leading with innovative clean energy solutions. These companies are reshaping energy, infusing it with sustainability and efficiency. From solar and wind power to hydrogen and beyond, they’re driving a global shift towards a greener, more sustainable future.


Liquid Wind




Liquid Wind is a leading developer of sustainable electrofuel production facilities, aiming to reduce the world’s dependency on fossil fuels, especially in challenging sectors like global shipping. With a solid pipeline of projects in the Nordic countries, Liquid Wind plans to establish over 10 facilities by 2030.

Committed to urgent climate action, they collaborate with world-class companies and research institutes to bring carbon-neutral fuel to market at scale. Headquarters in Gothenburg and a strong presence in Copenhagen and Stockholm, Liquid Wind is supported by investors like Alfa Laval, Carbon Clean, and Siemens Energy. They are dedicated to sustainable development goals and environmental stewardship.







Origami is a leading independent BESS portfolio management platform, offering a modular SaaS solution to unlock value from Battery Energy Storage Systems (BESS). With Origami, asset owners and operators can make informed decisions on market participation, maintenance, and strategy.

The platform integrates data from physical assets and financial gains, providing a comprehensive view for maximising ROI, managing risk, and enhancing operational excellence. Trusted by industry leaders like Ylem Energy, Origami is dedicated to future-proofing energy assets with digital infrastructure.






Enpal is a leading provider of solar energy solutions, empowering homeowners to produce their own green and affordable energy. With a focus on simplicity and reliability, Enpal offers all-in-one solar systems that include panels, inverters, and batteries, ensuring customers are independent of rising electricity prices.

Their mission is to build a global community of renewable energy users, with over 50,000 satisfied customers worldwide. Enpal’s award-winning solutions are backed by a team of trained craftsmen committed to a sustainable future.


Bloom Energy




Bloom Energy is transforming the way businesses procure power with its resilient, sustainable, and predictable energy solutions. Through its innovative platform, Bloom Energy enables users to eliminate outages, reduce energy costs, and accelerate towards decarbonisation.

Their proprietary solid oxide technology converts natural gas, biogas, or hydrogen into electricity without combustion, making it a reliable and eco-friendly choice for a wide range of industries. With a focus on reliability, sustainability, and flexibility, Bloom Energy is empowering businesses and communities to navigate the energy transition confidently.


IBIS Power


Ibis Power



IBIS Power pioneers local solar and wind energy generation with PowerNEST, a modular rooftop system designed to visibly generate significant amounts of clean energy on buildings all year round. PowerNEST combines wind turbines with solar panels, maximising energy generation by leveraging physics principles.

With a focus on sustainability, IBIS Power aims to accelerate the energy transition by providing feasible solutions for building owners and developers, facilitating large-scale sustainability investments with ease.