• The U.S. Energy Information Administration reports that global energy consumption is on track to grow nearly 50% by 2050. 

• The White House calls for new investment in solar power to meet the rapidly growing demand.

• Yotta Energy makes solar plus storage easy, safe, and cost effective for commercial and industrial businesses.

In the International Energy Outlook 2019, the U.S. Energy Information Administration projects global energy consumption will grow by nearly 50% between 2018 and 2050. In addition, President Biden signed an executive order in August with the backing of the largest U.S. automakers aiming to make half of all new vehicles sold in the U.S. electric by 2030. The U.S. Department of Energy’s Solar Futures Study predicts that with the inclusion of electric vehicle fleets, commercial and industrial energy demand in the U.S. could as much as triple by 2050. 

To meet the exploding demand for electricity, the White House is calling for renewable solar energy to power 40% of the U.S. electric grid by 2030, and power nearly half of the U.S. electric grid by 2050. By comparison, today only 3% of the grid is powered by solar. In the U.S. Dept of Energy Solar Futures Study, Energy Secretary Jennifer M. Granholm said solar is our cheapest and fastest-growing energy source. To meet demand in 2050 solar capacity will need to reach 1600 gigawatts exceeding the total electricity consumption from both residential and commercial buildings today.  

Until recently, the economics of investing in solar plus storage have been challenging for commercial and industrial businesses. Now, new solutions such as, Yotta Energy’s low-voltage, distributed energy storage solution, are neatly integrated with solar PV systems supporting faster deployment, greater flexibility, and more affordable options for small- to medium-size businesses.

Seamlessly blending solar energy with modular energy storage allows commercial and industrial (C&I) businesses to efficiently deploy their own rooftop electric plants powered by the sun. As demand for electricity increases, C&I businesses will need to couple solar with energy storage to ensure that their own building energy and electric vehicle fleet needs will continue to be reliably met.  Learn more about how C&I customers are successfully meeting their growing energy needs with solar plus storage while controlling costs.