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Renewable energy is from sources that naturally replenish but are flow limited. Alternative energy sources are not renewable but produce lower emissions than conventional energy. Businesses may seek out renewable or alternative energy sources to lower greenhouse gas emissions, provide energy independence, or reduce the cost of electricity bills.
A company is not required to use renewable or alternative energy. Businesses can obtain renewable energy in three different ways:
Partaking in shared renewables is a growing choice that allows more than one customer to buy, lease, or subscribe to part of a renewable energy project that is usually in a company’s county or state. It may be appealing to electricity customers who want to assist emerging renewable resources but do not have a business that is suitable for a renewable energy generator on-site.
However, installing a renewable energy project onsite may be an option for some businesses. There are typically two choices available:
Each alternative and renewable energy source has benefits and drawbacks. By understanding energy effects and how each energy source works, a company can better select which source is a good fit for offsite investment or onsite project development.
Alternative energy sources include:
The main kinds of renewable energy sources include: