MATLAB – a excessive-performance language for technical computing. 49Table 2 shows current and projected future prices for chosen renewable technologies. The figures are considerably dated, but point out the extent to which further experience, larger-scale deployment and continued know-how enchancment might scale back future costs. The prospects for continued cost reductions are promising in view of the latest speedy progress in renewable vitality markets. During the past a number of years, the global price of improve in installed wind and photovoltaic capacity has averaged as much as 30 percent per yr, creating among the world’s most rapidly expanding markets for energy technology.