To renew means to make it new again. It can also mean to do something again and making it useful or as powerful as before. Usually objects from the past are making its popularity again today. That is why some people bring their vintage objects for example a gramophone to have it restored. After the restoration process, it sounds and looks blasts directly from its era. Renew also means to update.
Passports and drivers licenses are the common IDs that need renewal every few years. One can also renew their website domain name if they want to continue using it for some years. Some website owners might need to renew their website name to avoid it being dormant.