“Civilisation is stuck between a rock and a hard place, but the sun will rise on the solar century.”
We will have zero growth and stable oil prices, or we face growth with instability and rising oil prices. That is the startling conclusion of economists this week since the supply shock driven by recent events in the Middle Eastern regions.
Crude oil prices lead the way and are closely linked to other commodities in general, such as copper and platinum, and as higher prices of crude oil reduce overall demand for products in general in turn, other raw materials are being affected by higher crude oil prices, too.
So how can people, businesses and even governments provide growth for an economy so dependent on expensive oil?
Germany, with a similar climate in the UK, is taking the initiative and has become the world leader in solar panel technology in 15 short years. The country is aiming for 100% renewable energy from micro generation systems by 2050.
Last year, solar panel plants in Germany produced over 13,000 MW, which provided enough energy for 4.3 million homes. Modern solar panel technology works of diffused light, so works very well even when cloudy.
The UK may be a long way behind Germany at the moment, but with feed-in tariff schemes similar to those in Germany, and the boost in domestic and commercial installations over the last year, it may well be the start of what could be a solar panel revolution here in the UK.
Solar panels can be divided into 2 main technologies
Solar heating systems use the sun’s free energy to heat the fluid in their panels. This can then be used to transfer heat to hot water or heating systems or something more specific such as swimming pools.
PV solar (Photovoltaic) systems work in a similar way, but produce an electrical current instead. The system again uses the sun’s free energy, which can either supplement existing electricity supplies, or export to the National Grid as a long-term investment.
The sunnier the position, the greater the output, so this often, but not always, means positioning the panels on a southerly facing roof slope.
Stuart Lovatt the founder of Heat my Home asks, “How much more energy price increases will it take to persuade people, businesses and even governments to take solar panel and other green energy technologies seriously? We are already seeing exponential growth in the domestic and commercial sectors of the solar industry.
"Feel the pride."
Stuart Lovatt on
Founder of Heat My Home.