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Power Generation: Four key areas shaping the future of energy production
Summary
Globally the power generation industry is changing and transforming as it adapts to a number of new conditions. Demand for energy is as strong as ever and only expected to grow, whilst at the same time countries want carbon emissions to drop substantially. How the industry meets this challenge remains one of the great technological problems of the next decade. Renewable energy growth is very strong, but there are plenty of problems which might limit some of the technologies in future.
Nuclear power is beginning to recover and there are some great opportunities on the horizon, but overall nuclear might be a difficult sell at present. China is now the leading player in most energy market types, its domestic decisions driving the direction of the world economy. LNG is booming as a cheap energy source that doesn't require a pipeline, but just where does that fit into a low carbon energy system of the future.
Renewable energy is on the agenda of most governments worldwide. In 2018 it is now much more viable a prospect when compared to conventional sources and the vast majority of countries have made significant voluntary pledges through the Paris climate agreement to dramatically increase their percentage of renewable energy production. Wind, solar and hydro sources are doing the majority of the work and are applied according to the specific climate and geography of the country deploying it.
However, some technologies are advancing as quickly as they could and the world currently relies more on hydro than any other resource, which can have dramatic environmental implications. Furthermore, both wind and solar have their own environmental implications that need to be taken into consideration.
The nuclear power market has had a difficult decade, accidents, massive costs and environmental damage have all contributed to multiple countries losing their interest in the technology and deciding to moth ball their old plants. Nuclear power perhaps more than any other energy source has to combat public perceptions of its technology and despite what are generally, excellent power industry safety records, the accidents that have happened have been nothing less than catastrophic.
The nature of nuclear technology, zero emissions and its potential to be further developed through new types of reactors will always make it an attractive prospect for countries and despite calamities such as that in Fukushima, the power source is rebounding.
An examination of the role China now plays in the global power generation industry is useful because the vast scale decisions are taken on have impacts that are felt far beyond the country's borders. Recently installed as the leading energy consumer, overtaking the United States, and soon to be the globe's largest economy, Chinese policy and investment wields extensive influence over the global power generation industry.
Such is the extent of government spending power and development of power generation capabilities, China is now the dominant factor regarding the use of coal, both at home and abroad, renewable energy and in dealing with soaring power demands made by an increasingly affluent and aspirational population.
Scope
- Examine what's happening in the power generation industry at present.
- See how different technologies are adapting to a new business environment.
- Learn which energy generation technologies are the strongest at present and the best option for countries.
- Analyse the big trends in the industry and the players capitalising on them.
Reasons to buy
- What is happening in the power generation industry?
- What are the most important new technologies?
- Which countries are pushing new developments?
- What power sources are most attractive at present?
- How can countries meet their carbon emissions targets?