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10 Nov 2017  |  Europe

Overview Of UK Balancing Services Market and the Potential for Battery Energy Storage

Understanding the New Opportunities in the UK's Electricity Market

This Frost & Sullivan insight provides a neat overview of the UK’s balancing services, with an astute focus on battery energy storage technology. This insight comprises analysis of the markets that are relevant to it. To begin with, an optimal balance between supply and demand is critical for any electricity grid to function at peak performance. ...

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15 Sep 2017  |  Europe

Electricity Industry Profiles—Denmark

€10 Billion of Investment in Renewables will See Denmark 90% Fossil Free by 2030

The increase in electricity generation from renewables is expected to come primarily from the expansion of wind power and conversion of power plants to substitute wooden pellets as a primary fuel. In 2015, the share of fossil fuels in electricity generated was 33%; Frost & Sullivan forecasts this to be 8% by 2030. Wind power accounted for 41.5% of ...

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14 Sep 2017  |  Europe

Electricity Industry Profiles—Norway

Electrification of Transport will Drive New Investment in Renewable Energy, Forecast to be €5.90 Billion during 2015–2030

Norway is already almost entirely powered by renewable energy, with hydro traditionally dominating. The investment of €5.90 billion in a combination of wind, hydro, and other renewable energy will boost the share of RES in the electricity generation mix to 99% by 2030. Increasing interconnections will lead to greater integration of Nordpool (The ...

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22 Aug 2017  |  Europe

Electricity Industry Profiles—Romania

More than €22 Billion to be Invested in New Generating Assets by 2030, Supported by Further Investment in Grid Improvements and Interconnections

A total of €21.8 billion will be invested between 2015 and 2030 on new power generation capacity in Romania. Nuclear accounts for the largest portion, but there is also investment in gas, hydro, and renewables. At the same time, a number of aging assets will be retired, not only in generation, but also in transmission and distribution. New grid i...

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16 Aug 2017  |  Europe

Electricity Industry Profiles—Ireland

Significant Investment Opportunities as Ireland Seeks to Transform and Decarbonise its Energy System

The island of Ireland is readying itself for a major market transformation as SEM (Single Electricity Market) design, being incompatible with the European Target Model is being replaced by the Integrated Single Electricity Market (I-SEM) late 2017, if everything goes according to plan. Keeping that aside, the progress by renewable energy especially...

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16 Aug 2017  |  Europe

Electricity Industry Profiles—The United Kingdom

Significant Investment Opportunities as the UK Seeks to Transform and Decarbonise its Energy System

In 2015, electricity demand was primarily supplied through renewable energy, nuclear, and gas, accounting a combined total of 76% of the electricity generated. This indicates two things. First, renewable generation share in the market is increasing and is expected to form a major portion of the generation mix in the coming years. Second, nuclear an...

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16 Aug 2017  |  Europe

Electricity Industry Profiles—Sweden

Electrification of Transport will Drive New Investment in Renewable Energy, Forecast to be €15.8 Billion between 2015 and 2030

Sweden has a high renewable energy potential. The country has met its 2020 renewable energy target of 49% in 2013 already. Sweden plans to continue efficient operation of its existing energy sources and is committed to 100% renewable energy by 2040. Sweden has a huge potential for electricity generation from wind, biomass and biogas, which form a k...

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11 Aug 2017  |  Europe

Electricity Industry Profiles—Bulgaria

Decision on New Nuclear Plants to Shape Bulgaria’s Energy Future

Bulgaria remains heavily dependent on coal (44.1% in 2015) and nuclear power (32.1% in 2015) for its electricity. Unlike most European countries, Bulgaria remains committed to nuclear, with plans for 2 new reactors backed by Russian investment. Bulgaria has exceeded its renewable energy target of 16%. It hit 18.2% in 2015 and managed 19.4% when onl...

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15 Jun 2017  |  Europe

Electricity Industry Profiles—Poland and Hungary

Need to Replace Ageing Power Plant Capacity Will Result in Nearly €50 Billion Invested in New Plants by 2030

Poland will remain dependent on coal-fired generation, with 5GW of new capacity under construction. Installed capacity will decline by 2030, but coal will still account for 46% of electricity supply based on current policies. Wind energy was a promising market in Poland, but the changes in the law regarding turbines and proximity to buildings and f...

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13 Jun 2017  |  Europe

Turkish Generator Sets Market, Forecast to 2021

The Industry is Set to Continue its Growth Despite the Tough Market Conditions

The Turkish genset market shrank because of challenging market conditions, the generator set market is expected to recover 2017 onward taking advantage of its strategic position as an import-export hub. Despite the market's settled structure, fierce competition and price-oriented approach combined with macro-economic factors have put pressure on th...

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