The global green energy industry is witnessing a robust growth and the trend will likely continue during the forthcoming period. This is mostly due to growing demand for renewable energy sources and technological advancements.
Companies are constantly working on developing advanced green energy solutions. They are also supplying green energy technologies to businesses globally to boost their revenues.
In February 2025, Rectitude Holdings Ltd. expanded green energy offerings in Southeast Asia by successfully delivering its first batch of AIMS (All-in-One Intelligence Micro-grid Systems) to customers in Singapore. This follows the company’s launch of innovative new energy solutions in Thailand in December 2024, marking its entrance into the green energy sector.
In January 2025, Nordex Group received an order for 80 Delta4000 series turbines from the wind and solar park developer UKA. The company will also be responsible for the service of all turbines for 20 years after their installation and functioning.
In September 2024, Eco Green Energy introduced a new lineup of Battery Energy Storage Systems (BESS) to mitigate grid instability and solar curtailment challenges. These systems are designed for both residential and commercial & industrial sectors.
BESS offers a range of solutions that help stabilize the grid and ensure the efficient use of solar energy. These storage systems can also improve the overall stability of the grid. They have the tendency to ensure that excess solar power is not wasted.
In September 2024, GE Vernova Inc. launched its new 6 MVA, 2000-volt direct current utility-scale inverter. It is designed to reduce costs and improve scalability in utility-scale solar installations.
In July 2024, Kyocera Corporation and Kyudenko collaborated to create a new company under the name KYOCERA GREEN INNOVATION, LLC. The newly formed company will encourage adoption of renewable energy with PPA on-site solar carports. Its business model will focus in installing solar-power-generating carports at businesses as well as selling the power generated to contractees.
In February 2024, Sharp Corporation showcased its novel technologies, including Eee Connect System, thin-film compound solar cells, perovskite solar cells, and industrial photovoltaic systems, at the PV EXPO 2024.
These recent developments showcase the industry’s commitment to advancing green energy solutions through innovations and collaborations. Companies are focusing on cutting-edge technologies like battery energy storage and high-efficiency solar solutions to improve renewable energy adoption. These technologies will also help to address various challenges faced by green energy sector.
New energy storage solutions, like Eco Green Energy’s BESS, will stabilize the grid and ensure the efficient use of solar energy. They can encourage the adoption of green energy solutions across residential, commercial, and industrial sectors.
Sharp Corporation’s perovskite solar cells and industrial photovoltaic systems will enhance energy efficiency and drive innovation in solar power generation. These advancements will enable more widespread adoption of renewable energy, leading to robust growth of the green energy sector.
According to Coherent Market Insights (CMI), the global green energy industry size is set to reach US$ 2,847.15 billion by 2032. Overall demand for green energy solutions will likely grow at 14% CAGR during the assessment period.
Sources:
Companies: Rectitude Holdings Ltd., Nordex Group, Eco Green Energy, Kyocera Corporation
