Micro renewable energy systems: Synergizing technology, economics and policy

Abstract

This paper studies the technological, economic and public policy issues and opportunities in developing a renewable energy economy based on devices of less than 5KW, suitable for retail marketing. The research question is whether such systems can be popularized in the retail marketplace to the extent that families and non-governmental organizations will adopt them on a scale that substantially augments global renewable power generation. The reduction in efficiency of a MRES is discussed with regards to other more prevalent energy technologies and the numerous benefits that warrant further developments are presented. Five concepts using wind, solar, and biomass energy are considered, and of these, the symbiotic solar algae system is explored in detail. Its design, cost and impact are considered. Policy initiatives suggested.