Analysis of renewable energy development to power generation in the United States

(c) Philipp Hertzog

This article has been published on the journal Renewable Energy. The authors are Alireza Aslani, Kau-Fui V. Wong.

Renewable energy resources have historically played a small role for electricity generation in the US. However, concerns such as security of energy supply, limitations and price fluctuations of fossil fuels, and threats of climate changes have encouraged US policy makers to think and debate about diversification strategy in the energy supply and promotion of renewables. The current paper discusses the role of renewable portfolio in the US energy action plan during 2010–2030. A system dynamics model is constructed to evaluate different costs of renewable energy utilization by 2030. Results show that while renewables will create a market with near 10 billion $ worth (in the costs level) in 2030, the total value of renewable energy promotion and utilization in the US will be more than 170 billion $(in the costs level) during 2010–2030.

Renewable Energy   Volume 63, March 2014, Pages 153–161

 

Affiliations:
Industrial Management Department, Faculty of Technology, University of Vaasa, Vaasa 65101, Finland

Alireza Aslani

Department of Mechanical and Aerospace Engineering, College of Engineering, University of Miami, Miami, FL 33146, USA

Alireza Aslani, Kau-Fui V. Wong

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