Power generation is experiencing a series of trends which will shape the market for decades to come. Coal is seemingly on a terminal decline, to be replaced by natural gas, and renewable energy is making substantial strides to become more commercially relevant. Advances ensure new power sources are moving closer to becoming part of the mainstream, with problems such as using renewable energy on demand now being solved. Leading companies in power generation must stay ahead of the development curve in these areas; failure to do so will mean allowing rivals to gain crucial competitive advantages at a time of great change.
Key questions answered
– What advances have occurred in renewable energy?
– What future is there for coal in the modern power market?
– Can energy storage realize the full potential of renewable energy?
– Why is gas now overtaking coal in the developed world?
– Can next generation renewable technology be successful?
– Explores developments in the next generation of renewable technology
– Looks at the condition of conventional renewable energy
– Assesses the impact of gas on the international market
– Analyses the future of coal as a source of power
Reasons to buy
– Whilst exciting advances are being made in the next generation of renewable technologies, conventional renewable energy is also making large strides towards becoming a major part of the global power generation market.
– Able to release energy over a sustained period of time, rather than short bursts achieved with batteries, molten salt is now being combined with renewable energy, enabling access on demand to renewable energy.
– Power producers are increasingly moving away from coal, creating merger and acquisition activity as firms diversify into natural gas. No longer is coal a sustainable business for power companies on a long-term basis.
Table of Content: Key Points
Conventional renewable power is experiencing rapid change 7
Solar energy advances increase performance, facilitating wider usage 7
Subsidies are beginning to drop, causing renewable energy to stand unsupported 8
Advances in technology exert downward pressure on prices, driving progress towards wider use 9
Next generation renewable energy to shake up power grid 11
Solar furnaces are becoming more powerful, creating a new option in renewable energy 11
Tidal and wave power generation moves closer to commercial viability, potentially transforming energy markets 12
Geothermal energy is edging towards mainstream power generation, helping developing countries 13
Capacity to store energy could change power generation 14
Molten salt does what alternatives do not – supply energy over prolonged periods of time 14
Experimental power storage systems brings energy storage into homes, potentially turning homes into micro-power stations 15
Energy storage can aid energy systems in developing world 15
Natural gas is catching coal amid push for lower carbon emissions 17
Natural gas fired power plants overtake coal in developed nations 17
Coal power plants are closing as energy providers move elsewhere, leaving way open for natural gas 18
Liquefied Natural Gas playing increasing role in speeding up transition from coal to gas 18
Despite quickening decline, Coal remains important and is becoming more efficient 20
Ultra-supercritical coal finds significant gains in efficiency, slowing decline in usage 20
Coal is in decline but will continue to be dominant power source 21
Conventional renewable energy is making strides in commercial viability 23
Next generation of renewable energy has substantial potential – successfully tapping it shall become more important 23
Energy storage can change the nature of energy production, heralding an era of renewable energy 23
Transition from coal to natural gas is gathering pace – power generation companies are switching across 23
Despite decline, coal will remain relevant in many countries 23
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