Back in 2020, President Biden laid out a USD$2 tn plan to battle climate change, which placed the U.S. on an “irreversible path” towards net-zero carbon emissions by 2050. As part of this plan, the Biden administration’s Work Back Better plan included tax benefits for investments in the renewable energy sector. The global renewable energy sector is supposed to rise to USD$1.97 trillion by 2030.
Efficient power energy is generated from renewable resources such as wind, water, and sunlight, and investments in the sector have skyrocketed.
1. NextEra Energy, Inc.
NextEra Energy, Inc. generates, transmits, distributes, and sells electric ability to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. NextEra are the world’s largest service company, assembled and based in America, they generate more wind and solar energy than any other company on the planet.
2. Iberdrola SA
Iberdrola is a Spain-based multinational electric service company. The company engages in the generation, distribution, and trading of electricity. It specializes in clean energy, including onshore and offshore wind, siphoned hydro, solar photovoltaic, and battery storage. Iberdrola also operates in the U.S., U.K., Spain, Mexico, Brazil and has an international presence in Portugual, Greece, Japan and Austrailia.
3. Orsted A/S
Orsted has the goal of becoming carbon neutral in operations and energy creation by 2025. The Denmark-based multinational power company focuses on giving renewable energy solutions, specifically in wind power segments where it constructs and operates offshore wind farms. Its bioenergy and thermal power segment operate consolidated heat and power plants.
4. Enphase
Enphase Energy, Inc. designs, develops, manufactures, and sells residential energy solutions for the solar photovoltaic industry in the US and internationally. Established in 2006, Enphase transformed the solar industry with its revolutionary microinverter technology which turns sunlight into a safe, reliable, resilient, and scalable source of energy to drive lives. Today, their intelligent microinverters work with virtually every solar panel made, and when paired with their award-winning smart battery technology, engineer one of the industry’s best-performing clean energy systems.
5. Siemens Gamesa Renewable Energy SA
Siemens Gamesa is a Spain-based breeze designing company. It sells onshore and offshore wind turbines, turbine gearboxes, off-network, and other related hardware. It also provides maintenance and reconditioning services. The company serves customers across the globe and has installed products and technology in north of 90 countries. 40 years ago, Siemens saw the potential to mix nature and design, envisioning the possibility of fueling factories and illuminating cities, all whilst cleaning the air we breathe. Today, they’ve made that vision a reality by delivering clean energy to control our homes, schools, and hospitals to keep the world moving – from the largest cities to the most remote corners of the planet.
6. Brookfield Renewable Partners LP (BEP)
Brookfield Renewable Partners L.P. runs renewable power generating facilities in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, siphoned storage, cogeneration, and biomass sources. Brookfield Renewable operates one of the world’s largest public, unadulterated play renewable power platforms. Their portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia.
7. SolarEdge Technologies, Inc.
SolarEdge Technologies, Inc. designs, develops and sells direct current improved inverter systems for solar photovoltaic installations around the world. The company operates through five segments: Solar, Energy Storage, e-Portability, Critical Power, and Automation Machines. The Ukraine crisis is acting as a catalyst for the increase in demand for alternative fuels and the point of view toward the renewables industry looks.
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