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<img src="" width='250px' alt='A close-up of a solar panel that sits in the heart of a this contact form residential neighborhood in San Francisco’ align=’left’ /> At last year’s climate accord in Paris, 20 countries pledged to double their investment in clean energy within five years. In the current environment, “it’s less about making additional technological breakthroughs, but about taking what’s out there and pairing it up” with existing initiatives, Ulrich Spiesshofer, president and CEO of ABB told CNBC in a recent interview. ABB’s solar division was one of the companies that contributed to Solar Impulse 2’s flight around the world. Moves to improve solar efficiency including concentrated solar power, a method that allows sun rays to be stored for use even at night have the potential to produce “a paradigm shift,” Spiesshofer said. The former management consultant added that it was possible to “decouple growth” from activities that frequently create a Hobson’s choice between economic feasibility and safeguarding the environment. “Renewable power generation is becoming very much attractive economically and is effective,” Spiesshofer told CNBC. “The combination of solar with hydro power and [increased storage capacity] is really starting to change the world,” he said. Not a ‘tipping point’ but growing According to industry watchers, several macro trends are heightening expectations for solar power. One in particular has been the growing use by public utilities, which were incentivized by recent regulatory changes to use cleaner energy to generate electricity. Last year, utility grid operators comprised the largest source of new U.S. solar capacity , according to information from the Solar Electric Power Association.

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