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Economic Perspectives of Renewable Energy Systems

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Economic Perspectives of Renewable Energy Systems ( economic-perspectives-renewable-energy-systems )

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The Vision of Nuclear Fusion The Vision of Nuclear Fusion Research Fusion Reactor ITER Research Fusion Reactor ITER in Development in Development Cadarache, France Cadarache, France 3. Renewable Energy Sources and Technologies Renewable energy sources (Renewables) Renewable Energy is energy that is derived from natural processes that are replenished constantly at a rate equal to or greater then the rate of consumption. Renewable does not mean inexhaustible. Furthermore the harnessing of Renewables, like all else, relies on material resources which are finite and non-renewable. In other words they have their limits and so do their environmental consequences. In its various forms, Renewables derives directly or indirectly from the sun, or from heat generated deep within the earth. Included in the definition is energy generated from solar, wind, biomass, geothermal, hydropower and ocean resources, and bio fuels and hydrogen derived from renewable resources. Renewable energy technologies (Renewables technologies) There are three generations of Renewables technologies. First generation of Renewables technologies include hydropower, biomass combustion, and geothermal power and heat, which emerged from the industrial revolution at the end of the 19th century. First generation of Renewables technologies have become competitive in locations where the resource endowment is strong. Their future use depends on exploiting the remaining resource potential, particularly in 14

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