Top 5 Energy Companies that Are Changing the Face of Renewable Energy
Climate change debates have started taking their force in international discussions after the increase in global warming and the melting of glaciers. This has also led to a renewed interest in using renewable energy to reverse the damages caused by exploiting non-renewable resources.
Some countries entirely or mainly rely on renewable energy for their regular consumption. Countries like Paraguay and Iceland are 100% renewable energy, while Norway is 98.5 and Costa Rica is 99.
Regions like Schleswig-Holstein and Mecklenburg-Vorpommern in Germany are 100% renewable energy. Similarly, Quebec and British Columbia in Canada are also 100% entirely on renewable energy sources.
These sources usually include solar, wind, hydropower, or geothermal energy. About 30% of the planet’s energy comes from renewable sources. However, there are predictions from the International Energy Agency that 60% of Earth’s energy will come from renewable sources by 2030.
Thanks to the strong potential, many energy companies have entered the market. These companies can be assessed in terms of their capacity with how many megawatts of energy they produce and the views they receive.
With that as a basis, here is a list of some of the top five renewable sector energy companies with the largest and most significant share in the renewable energy market.
1. Siemens Gamesa
Siemens Gamesa is an energy company known for its initiatives in the renewable energy sector. It is selected by Dow Jones Sustainability World Indices (DJSI World), an organization that tracks the social, economic, and environmental performance of all the major sustainability-driven companies worldwide.
This company is a pioneer in generating wind power. They were among the first few companies who started wind generators and owned some of the largest wind farms in the world.
Siemens Gamesa can be called one of the top companies that have contributed to changing the face of renewable energy in the wind energy sector.
2. GE Renewable Energy
GE Renewable Energy has some massive operations in the renewable energy sector because they see the potential of scaling it in the future. They are one of the largest wind turbine suppliers around the world.
They have offshore and onshore turbines providing a flexible support service. Moreover, GE is also one of the largest generators of hydro turbines and represents about 25% of the total capacity installed worldwide.
The company is working tirelessly towards hybrid energy storage systems to store the energy generated by renewable resources and use it later.
3. Iberdrola SA
Iberdrola SA, a Spanish multinational electric utility company, is one of the largest renewable energy providers in the world. With a strong commitment to sustainability and a diverse energy portfolio, Iberdrola has made outstanding progress in clean energy generation. The company's investments in wind, solar, and hydroelectric power have increased its global presence and helped reduce carbon emissions and mitigate climate change.
4. Constellation Energy
Constellation Energy, headquartered in Baltimore with offices across the United States, is another of the largest renewable energy provider worldwide. It offers diverse energy sources like electrical, nuclear, and natural gas services to businesses, residential customers, and the public sector.
According to its website, the company is the largest carbon-free energy producer in the country, reinforcing its commitment to sustainable practices and a cleaner, greener future.
5. NextEra Energy Resources
NextEra Energy stands out as one of the largest renewable energy companies globally, pivotal in driving the transition to sustainable energy sources. With a diverse portfolio of solar, wind, and nuclear power generation, they are committed to finding innovative solutions to improve energy generation and prominent environmental issues worldwide.
The company believes in having a sustainable future by making substantial investments in the infrastructure to develop clean energy. NextEra Energy started in 1925 and has become the energy leader today, with a market capitalization of about $147 billion.
To sum up, it is highly evident that renewable energy is super essential for a sustainable future. Therefore, the role of these energy companies is critical as they are using innovative measures to improve energy generation through renewable resources and promote clean energy consumption.
The energy that comes from renewable sources has abundant potential. Renewable energy companies are great for curbing environmental pollution and providing an excellent way to fight poverty and provide electricity to people in rural areas.
It is a great way to satisfy people's energy needs compared to traditional sources. Moreover, it can also help in improving the relationship with neighboring countries by having joint solar, wind, and hydroelectricity projects.
This is the right time to take these energy companies as examples and work towards making them available to people worldwide.