Renewable energy or energy generated from natural resources such as the sun, wind, moving water, geothermal heat and biomass is continuously replenished.
New Generation Power, through a variety of methods and technologies, is able to harness the energy produced by these renewable resources and convert them to valuable energy that can provide valuable solutions to current economic problems while providing life-changing benefits to the world.
Using fossil fuels such as coal, oil and natural gas to make electricity pollutes the air and water, endangers plant and animal life, generates toxic wastes, and can cause global warming. Renewable energy resources can provide many immediate environmental benefits by avoiding these impacts and risks.
DIVERSITY AND ENERGY SECURITY BENEFITS
Renewable resources help bring an economically stable and politically secure source of energy to the table. Maximizing renewable energy production in a country or region can help reduce dependence on imported fuels. The cost of renewable energy is not dependent on the fluctuating and increasing cost of an outside resource and since fuel supplies are local, renewable resources aren’t subject to control or supply interruptions from other regions or countries.
ECONOMIC DEVELOPMENT BENEFITS
Renewable technologies help provide substantial economic benefits while creating jobs by using local resources. This “green” high-tech and quickly growing industry has enormous export potential. Compared to traditional fossil fuels, renewable energy is a labor-intensive industry that helps generate a wide variety of high-wage and high-skilled jobs in the region where the power is used. Renewables can also improve economic competitiveness, stabilize long-term energy prices and spur a local export industry.