Why Solar Tech is the Next Big Space for Investing
Fossil fuels are a finite resource that will eventually become harder to find, more expensive to produce and less practical to meet the growing demand for energy generation. As renewable and sustainable energy begins to lead new energy generation globally, solar is the preferred source.
In the last few decades, solar energy has been on a major rise. In fact, it's now one of the most cost-competitive forms of new energy generation, making solar power one of the fastest-growing industries in the world.
According to the International Energy Agency, “renewables grow rapidly in all our scenarios, with solar at the center of this new constellation of electricity generation technologies. Supportive policies and maturing technologies are enabling very cheap access to capital in leading markets. With sharp cost reductions over the past decade, solar PV is consistently cheaper than new coal- or gas-fired power plants in most countries, and solar projects now offer some of the lowest cost electricity ever seen.”
In previous years investors were skeptical about investing in solar energy, but now they are seeing its potential for growth, profitability, and sustainability. There are many opportunities to invest in the solar industry - you can invest in projects that produce energy, invest in companies that manufacture solar cells and panels or invest in stocks related to solar energy, including IntriEnergy, a company that is driving the technology behind solar energy.
Solar will continue to be a growth industry
The solar industry is one of the most promising sectors in the world. Record demand and competitive costs are driving solar as an attractive investment opportunity. According to Bloomberg New Energy Finance, investments in solar increased by 12% year-over-year to US$148.6 billion despite the economic slowdown induced by COVID-19.
Major players in the energy industry are investing in renewable energy platforms. For example, utilities are investing in solar energy generation, building industrial-level solar power plants. Public and private corporations are also adopting solar power to reduce their carbon footprint while benefitting from reduced energy costs.
Key factors have led to this growing interest in solar power, including:
Increased cost of fossil fuels
Carbon reduction mandates
Solar's lower cost of energy
Federal and State incentives
Improved efficiency of solar technology
Solar farm installations have increased by an average of 73% each year since 2010. Individuals are becoming more aware of the benefits of solar power, making it the preferred choice for residential and commercial buildings. All projections indicate this demand trend will continue beyond 2050, when members of the United Nations, government agencies, national and international businesses, and private citizens target global carbon neutrality.
As the demand for energy increases, solar will increasingly become the provider of choice. Now is the time to invest in companies that are positioning themselves to meet this massive demand.
IntriEnergy's patented solar cell technologies produce 60% more energy compared to today's best-in-class solar cells, Changing the Solar Equation. IntriEnergy is poised to be a leader in helping to accelerate global Net Zero targets, while decreasing the cost of electricity and reducing the land usage needed for solar farms.
Through StartEngine, an equity crowdfunding platform, individuals can become early investors in IntriEnergy, for as little as a $200. Individuals may also qualify for incentives based on their level of investment.
With its network of 500,000+ investors, StartEngine has raised over $400 million in capital for over 500 investment offerings. StartEngine enables individuals to become angel investors by giving them access to startup investment opportunities. By partnering with StartEngine, IntriEnergy is able to allow individual investors to take part in the exponential growth that the solar energy industry is currently offering.
For more information or to begin your investment in IntriEnergy and its solar energy technology, go to: https://startengine.com/intrienergy