Opportunities and challenges to power electronics industry in alternative and renewable energy

Renewable energy and alternative energy have been gaining momentum in the past decade. Even under current distressed economic situation, they are considered to be instrumental to the future economy in many countries. Public is also embracing various clean energy and high efficiency technologies with unprecedented enthusiasm. Billions of dollars are invested on renewable energy, high efficiency technologies, EVs and HEVs. Industries are developing cost effective solutions to address ever-increasing demand in various applications.