Innovation in renewable technology continues to advance
Renewable energy patents have grown at a rate above 12% per year since 1995, well above the average rates for other technology sectors. Between 2000 and 2016, more than 600 000 renewables-related patents were filed globally, with the solar sector seeing the most progress.
Digitalisation, including artificial intelligence, the internet of things, and blockchain, is creating new opportunities to make the energy transformation smarter and faster. And breakthrough technologies, such as floating off-shore wind together with the falling cost of utility-scale battery storage technology, are creating new opportunities for renewable energy deployment.