PI Energy and Expanding Renewable Energy

PI Energy was founded to accelerate the growth of clean energy with a globally-scalable technology. Extreme weather events this summer remind us of the urgency for a global transition to clean energy. So, how fast is the world transitioning to clean energy?  

A common misconception in the energy sector is that renewable energy’s contribution is large and that it is well on its way to becoming dominant. Formerly known as British Petroleum, BP publishes an annual energy report that includes data on total primary energy consumption and contribution from renewable energy (solar, wind, geothermal, biomass, and biofuels).

(Source: BP Statistical Review of World Energy 2021, pp. 10 & 55)

Total consumed energy and emissions have increased over the past decade, with the notable exception of 2020, where global consumption of transportation fuels decreased due the pandemic. According to BP, renewable energy today only makes up only about 6% of primary energy consumed globally.  

The current rate of growth for clean energy is insufficient to meaningfully mitigate climate impacts, and without significant changes in the underlying technologies of today’s renewable energy, it could take many decades to reach an energy transition.    

At PI Energy, we think that time is for an energy transition should be fast and global. With solar energy having by far the largest theoretical potential of all clean energy sources, we are pursuing a globally deployable low-cost solar PV innovation that can greatly expand where solar energy can be deployed.  Our goal is to make solar PV a leading source of energy around the world. Thank you for coming along with us on our journey.