Global investments in renewable energy have continued to grow over the past five years, exceeding $329 billion in 2015. As technological solutions that drive down costs continue to emerge, more countries are adopting standards to encourage the growth of renewable energy. In the United States, Hawaii is looking to set the standard in clean, sustainable energy for the entire country.
During the October PRiME 2016 meeting in Honolulu, HI, policy makers and researchers from around the world came together for the 6th International ECS Electrochimical Energy Summit, focused on Recent Progress in Renewable Energy Generation, Distribution, and Storage.
“For us, it’s important that we continue to bring the opinion leaders as well as the leading scientists and researchers to Hawaii because we believe that we’re the center of a lot of important activity,” Mark Glick, summit moderator and Hawaii State Energy Office Administrator, tells ECS. “There’s nothing more exciting to demonstrate relevancy than to have the leading scientists in the world in the largest research conference of its kind come to Hawaii.”
One hundred percent renewable standard
Since 2008, Hawaii has been on the cutting-edge of the renewable energy industry in the United States. As oil prices rocketed from $74.44 to $102 a barrel (inflation adjusted), the state found itself in a unique position to commit to greater utilization of renewable energy sources.
“After the oil price shock, we decided we needed to change our course,” Glick says. “So we set forth a renewable portfolio standard. At that time, we aimed for 40 percent renewable energy by 2030. Since then, we’ve been so successful at getting ahead of the curve on that renewable portfolio standard.”