Energy

Rising electricity demand complemented with sustained scaling up of renewable energy globally will see an increase in investments in power transmission and distribution infrastructure, aiding to higher growth in T&D grid assets including transformers. The global transformer market revenues are expected to reach $64.24 billion in 2030, the market re...

Global data centre investment continues to maintain its growth streak through the pandemic and is expected to continue on a high growth trajectory over the coming years. Key factors that will drive the market during this period are, increasing demand from hyper-scale data centres, significant increase in data creation and consumption, high volumes ...

Our pathway towards decarbonization and achieving the 1.5° Celsius target will require supportive regulatory frameworks mandating energy-efficiency measures across the commercial, industrial, and residential segments and significant economic investments driving renewables and the switch to nuclear low-carbon, and large-scale CCUS technologies. Int...

India is the 3rd largest power producer in the world behind China and US. The Indian electricity market has grown continuously since the 1970s due to increasing demand and investments by the government and private companies in power production, and transmission & distribution (T&D). India has focused most of its energy production on coal-based powe...

Globally, where the closure of coal power plants and the intermittent nature of RES challenge grid operations and stability, VPPs are a promising solution to add flexibility to the grid and solve energy issues of transmission congestion, peak demand, and peak-hour energy prices. Virtual power plants (VPPs) are an aggregation of decentralized distr...

The energy sector is shifting to sustainable and green resources; as a result, the share of renewables in the power generation mix is rising. However, this presents another challenge for the power industry; renewable sources are intermittent, which pressurizes the power transmission and distribution (T&D) industry to maintain power supply in line w...

The carbon capture, utilization, and storage (CCUS) market is in the growth phase, with many innovative technologies and business models being applied to remediate emissions at existing facilities. Most projects are in either a design or pilot phase (in operation but at a relatively small scale). Large-scale commercial operations in most cases are...

This edition of the Energy & Power Systems (EPS) TOE features information about concentrated solar power coupled with thermal energy storage, significantly minimizing the intermittency challenges in renewable energy generation. The TOE covers innovations based on the use of string batteries with cell swapping stations enabling rapid fast charging c...

Effort toward restricting the world’s temperature increase to 1.5°C has been on the global agenda ever since the Paris Agreement in 2015. However, the United Nations’ recent COP26 conference highlighted the fact that although we have taken enormous initiatives, the work still falls short of achieving the target. Both corporations and govern...