(MENAFN- Investor Brand Network) The U.S. Energy Information Administration reports that solar power is set to dominate new U.S. electricity capacity in 2023 For many homeowners, solar can offer an opportunity to lower carbon footprint while achieving energy independence and gaining control over soaring energy bills amid rising energy uncertainty and pressing climate crisis GeoSolar appears poised to capitalize on this growing momentum as attention shifts toward environmental efficiency and security, and the green technology becomes increasingly cost-effective
As energy prices continue to rise, many homeowners are grappling to regain control over their escalating energy costs while minimizing the environmental impact. Having evolved beyond its niche-market origins, solar power has emerged as an increasingly popular choice for those seeking sustainable and cost-effective solutions. The latest Electricity Market Report 2023 issued by the International Energy Agency (“IEA”) projects that renewable energy, including solar and wind power, together with nuclear, will meet more than 90% of the increase in global demand by 2025.“Governments now need to enable low-emissions sources to grow even faster and drive down emissions so that the world can ensure secure electricity supplies while reaching climate goals,” warns Fatih Birol, the agency's Executive Director ( ). With solar energy leading the way in new capacity additions, companies like
geosolar technologies
(“GST”) are well positioned in the economy to reduce its carbon footprint and rush toward a cleaner, more sustainable future.
According to the U.S. Energy Information Administration (“EIA”), solar power is set to dominate new U.S. electricity capacity in 2023, accounting for more than half of new electricity generating capacity. If all planned capacity comes online this year, it will mark the largest annual addition of...
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