Renewables were the only category of energy that grew globally at double digits over the past decade, surging +12.2% in 2019 and +13.7% over the last decade. Renewable energy attracted $332 billion of global investment in 2018, and we believe this trend will continue to accelerate, with over 80 of the world's most influential companies now having committed to 100% renewable power (e.g., Apple, Google, General Motors, Johnson & Johnson). Additionally, microgrid market growth is estimated to be 12% from 2019-2025 – driven by increasing demand and continued innovation in technologies like clean storage and micro turbines.
Hover's Wind-Powered Islanded Microgrid has proven test results demonstrating 44% efficiency, which is double the efficiency of any known distributed energy resource. Future Hover models are projected to operate at an even greater efficiency level of over 50%. This is already unheard of in the distributed wind industry, and yet Hover has already achieved it.