What is Renewable Energy?
Renewable energy, often referred to as clean energy, is a type of energy that generates from naturally replenishing resources. While these resources naturally renew, they are usually limited in terms of usage (wind turbines only work when the wind is blowing, and solar panels only work when the sun is shining). To combat this problem, experts agree the world needs more renewable power generation capacity.
Two of the most reliable forms of renewable energy include Hydroelectric and Geothermal. With demand continuing to grow, the IEA (International Energy Agency) predicts renewables’ share of world power generation capacity will reach 30% by 2024. Hydropower (already accounting for 17% of the world’s power generation) is expected to remain the world’s largest source of renewable power generation, while geothermal power will have a chance to expand its capacity more in part thanks to new technologies, such as Enhanced Geothermal Systems (EGS).
REXA in Renewables
REXA has a substantial installed capacity in geothermal and hydroelectric power plants across the globe. Our Electraulic™ actuators enhance reliability and durability with low power consumption in harsh conditions and extreme heat. This allows geothermal plants to achieve a high level of operational efficiency, which ensures a recovery of initial investment costs and future profits. Hydroelectric plants utilizing REXA actuators reduce environmental risk, maintenance, and overall cost while increasing reliability and operational output.
Click on either industry below to dive deeper into our solutions for both hydroelectric and geothermal energy!