There has never been a better time to invest or work in the renewable energy sector.
Renewable energy has gained significant momentum over the last few decades, with an increasing number of countries and companies around the globe investing in clean sources such as solar, wind, and hydroelectricity. Yes, fossil fuels still have a stronghold across the planet — accounting for more than 80 percent of all global energy consumption — but cleaner, less polluting energy sources are rapidly gaining ground.
Sustainable Power Has Proven Staying Power
The latest upswing in renewable energy is no passing trend — sustainable power has already proven that it has long-term staying power.
According to the International Energy Agency (IEA), recent statistics reveal that renewable capacity will meet 35% of all global power generation by 2025. The organization also predicts that electricity demand is forecast to grow by 3% a year over the next three years compared to 2022. Additionally, the Energy Information Administration predicts that solar power will make up more than half of new capacity in the U.S. in 2023.
Economic Impact of Clean Energy Contributing to Increase in Use
Most people attribute the rise in renewable energy use to its many environmental benefits. Unlike fossil fuels, clean energy sources don’t emit harmful toxins or greenhouse gases, which can significantly influence climate change. While an overall reduction in our carbon footprint is vital, it’s not the only reason behind the increase in clean power sources.
Beyond environmental impact, another significant benefit of renewable energy is its economic potential. Renewable energy has become increasingly cost-effective over the last several years due to advancements in technology, policies around the adoption of renewables, and government incentives for adopting renewables, further accelerating accessibility to both businesses and individuals.
US Clean Energy Jobs on the Rise
This perfect storm of environmental and financial efficiency has expanded the potential for the renewable energy sector to create new jobs and stimulate local economies, both in the U.S. and worldwide. Statistics show that over 12 million people were employed in the renewable energy sector globally in 2022 — with over 3.2 million clean energy workers in the U.S. alone. This is compared to just 1.2 million Americans working in the traditional fossil fuel industry.
Additionally, reports show that there were over 300,000 new jobs added to the market in the U.S. clean energy sector between 2020-2021. This is compared to a decline of people employed by the traditional fossil fuel industry, with jobs down 10.4% between 2021 and 2020 alone.
Where Will Renewable Energy Talent Come From As The Industry Expands?
There is a lot of buzz and excitement around how quickly the cleaner energy sector is expanding — but who will power this emerging and rapidly growing industry?
As the renewable energy sector continues its upswing, it’s critical for companies to find the right talent to staff their operations. Good renewable-energy talent will be defined by skilled and experienced professionals who not only understand their role but are adaptive and quick to learn new things as the industry quickly evolves. Additionally, as a newer industry, renewable energy brings with it both unique challenges and opportunities that demand a specialized list of skills, experience, and expertise — making it vital to source, hire, and retain the best candidates to help drive further industry growth and innovation.
Why Staffing is Essential To Scaling Renewable Energy Companies
There are several reasons why talent acquisition and staffing is critical in the renewable energy sector now to ensure supported, sustainable growth and support moving forward. Those reasons include:
Rapid Pace of Technology Development
Renewable energy technology and innovation are constantly (and rapidly) evolving. As a result, it’s critical for organizations in the sector to source and retain a highly-skilled workforce that’s up-to-date with the very latest industry advancements. From designing and constructing products and components to developing energy storage systems and smart grids, industry leaders will require talent that covers a wide spectrum of technical skills and knowledge.
Demand for Sustainability and Climate-Centric Solutions
Another reason renewable energy companies must have effective staffing and talent acquisition framework in place is the increasing global demand for sustainability and climate solutions. Governments and businesses on a global scale are increasing their commitment to transitioning to clean energy and reducing their overall carbon footprint. Having access to the right pool of candidates to support these initiatives is vital for success.
Continued Growth and Industry Competitiveness
Finally, sourcing, hiring, and retaining top industry talent is essential for the continued growth and competitiveness of the renewable energy industry. Make no mistake — competition for skilled professionals in the vertical is increasing. To attract and hire the best candidates, companies will need to develop effective staffing strategies.
Contact Motive Workforce Today
At Motive Workforce, we know firsthand that the renewable energy sector offers enormous potential for growth and innovation — but realizing the sector’s potential requires a talented, skilled, and motivated workforce. Motive Workforce’s team of experienced recruiters can help your renewable energy business develop an effective staffing approach designed to help your business thrive as it scales. Schedule a call today to learn more.