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GLOSSARY Balance of system (BOS): Refers to all components of a renewable energy power station other than the electricity-generating apparatus, such as a wind turbine or solar panel. These can include supporting infrastructure, including land, as well as wiring, switches, support racks, inverters, and batteries. Biofuels: Liquid or gaseous fuel for transport produced from biomass. Biomass energy: Energy derived from any plant-derived organic matter available on a renewable basis, including dedicated energy crops and trees, agricultural food and feed crops, agricultural crop wastes and residues, wood wastes and residues, acquatic plants, animal wastes, municipal wastes, and other waste materials. BTU: British thermal unit, a common measure of energy consumption that refers to the quantity of heat required to raise the temperature of one pound of liquid water by one degree Fahrenheit at the temperature at which water has its greatest density (approximately 39 degrees Fahrenheit). Crystalline silicon (c-Si) module: This module uses c-Si as the photosensitive material. They were the first modules commercialized and account for most global production. Feed-in tariffs: Government incentives that offer a set price for renewable energy to investors. Independent power producer (IPP): An IPP is an entity that primarily produces electricity for sale on the wholesale market. It is not a utility, does not own electricity transmission, and does not have a designated service area. Investor-owned utility (IOU): An IOU is a for-profit utility. Net metering: Allows owners of distributed energy systems (e.g., residential and commercial PV and wind systems) to receive credit for excess electricity that is fed into the grid. These credits can be used to offset utility charges for grid power used at other times. In some cases, system owners may receive a payment at the end of the year for any unused credits. Power purchase agreement (PPA): A long-term agreement to purchase electricity. In the wholesale market, this is generally between a utility and an independent power producer. There are also PPAs between renewable energy firms and on-site users. PV cells: A cell converts sunlight into electricity and is the basic element of a module. PV module: A module (also commonly referred to as a panel) is made up of interconnected cells encapsulated between a backing material and a clear plastic or glass front. Publicly owned utility: A nonprofit, state, or local government utility. Retail power market: The market for the sale of electricity to consumers. Thin-film module: This module uses a thin layer of a raw material (most commonly a-Si, CdTe, or CIGS) as the photosensitive material and is a newer (2nd generation) PV technology. Turnkey project: A turnkey project is one in which one party, usually a developer, manages all stages from design through construction and commissioning and then sells the project to the owner/operator. xiPDF Image | Renewable Energy and Related Services: Recent Developments
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IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
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