It’s about the fossil fuels, stupid!

first_imgIt’s about the fossil fuels, stupid!Frost and Sullivan report predicts coal will dominate electricity generation up to 2030 and gas is ‘a fuel of the future.’ Forthcoming global trends report does acknowledge an explosion in the battery storage market, however. September 19, 2014 pv magazine Finance Markets Markets & Policy Share It’s all about coal and gas in the global electricity generation market, according to the forthcoming Key Trends in the Global Power and Energy Market report, from analysts Frost & Sullivan. A press release issued this week to publicize the report opened with news of how the growth of renewables is changing business models for utilities and of a predicted mushrooming of the lith-ion battery energy storage market, perhaps not surprising given the source was the PR Newswire agency owned by veteran investor – and apparent renewable energy convert – Warren Buffett. But the crux of the report, the subject of an online conference on Thursday, appears to be that coal will remain the main source of electricity generation worldwide up to 2030 and that, after that, “gas is clearly a fuel of the future.” Gas order volumes growing The report points out gas order volumes are rising in China, Japan, South Korea, Latin America and the U.S. and remain consistently high in the Middle East as consumption is set to grow by 65% worldwide up to 2040. The authors add, despite falling order volumes in Europe and a falling off of investment in Russia, a lack of viable alternatives mean energy consuming mega markets in China and India are looking to gas as generators seek to diversify away from coal. With UBS Bank having recently told investors advances in battery storage, driven by electric vehicle take-up, will make traditional centralized power plants obsolete, the only sop to renewables in the Frost and Sullivan report appears to be that the lith-ion battery storage market is predicted to grow from last year’s $442 million to $28.7 billion by 2020.Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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The re… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… Spanish developer plans 1 GW solar plant coupled to 80 MW of storage, 100 MW electrolyzer Pilar Sánchez Molina 22 April 2021 pv-magazine.com Soto Solar has submitted the project proposal to the Ecological Transition and the Demographic Challenge (Miteco). The solar plant could start produc… We all trust the PV performance ratio test Dario Brivio, Partner 20 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is applied – and without particul… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… 123456Share pv magazine The pv magazine editorial team includes specialists in equipment supply, manufacturing, policy, markets, balance of systems, and EPC.More articles from pv magazine Related content Solar and wind could provide half of 2040 power mix across 22 African nations Max Hall 29 April 2021 pv-magazine.com The International Renewable Energy Agency has combined energy infrastructure commitments across a huge swathe of the con… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved imp… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Orig… Graphene aluminum ion batteries with ultra-fast charging Blake Matich 29 April 2021 pv-magazine.com The “graphene revolution” is almost here. 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Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… 123456Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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