Power or energy plays a vital role in our lives; for example, we need power for industry, agriculture, transport, communication, and defence etc. Power assets might be extensively classified as regular and non-customary assets. There are two main kinds of power resources. These are conventional and non-conventional sources, and differ in their environmental impact, their ability to be extinct or exhausted, and the duration for which they have been popular. Conventional sources are traditional and have been in use for many years, while non-conventional sources are fairly new and take into account the environment.Â
Customary wellsprings of energy are those which have been for all intents and purposes for quite a while. Kindling and petroleum derivatives are the two primary traditional energy sources.Â
Power resources are those sources that provide energy or electricity. These are classified into conventional and non-conventional sources. Conventional sources are used traditionally and may not be environmentally friendly. These include coal, oil, and natural gas. These sources of energy are low cost but are harmful to the environment. Non-conventional sources are clean sources of energy that are comparatively recent. Solar energy, wind energy, geothermal energy, and hydropower are few examples of non-conventional sources. These have a high initial cost but are clean and cost-effective.Â