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Electrification and renewables show accelerated growth

Publish Date:
2nd March, 2022
Title:
Electrification and renewables show accelerated growth
Doc Type:
Market Survey
Publish By:
Institute of Solar Technology
Sanjib Roy, M.Sc Physic




Electrification and renewables show accelerated growth

Abstract



Keywords:

Going forward, the energy mix rapidly shifts towards power, synfuels, and hydrogen, representing 32% of the global energy mix by 2035 and 50% by 2050.

Summery

Together, almost 200 nations have committed to curbing global warming by substantially reducing greenhouse gas emissions.

Fuel shares in total energy use in selected applications in the NZE

Indirect renewable = use of electricity and district heat produced by renewable. Other low‐carbon = nuclear power, facilities equipped with CCUS, and low‐carbon hydrogen and hydrogen‐based fuels.

The transition to renewables, efficiency and electrification can drive broad socio-economic development. The outlook’s Transforming Energy Scenario aligns energy investments with the need to keep global warming “well below 2oC”, in line with the Paris Agreement.

The GEO includes projections and historical data from Bloomberg New Energy Finance, Equinor, the International Energy Agency (IEA), the International Renewable Energy Agency, the Organization of the Petroleum Exporting Countries, Shell, and the US Energy Information Administration (EIA).


IST Alumni

The presenter had a very good l knowledge of the solar business in India as well as of Solar Technology so I got some very good ideas that can also apply to my market. Understanding the solar system especially the DC part as well as the whole planing and feasibility process. Coming from an Ac background and working with some solar technologies from time to time I realized that there was so much I had been missing. I am now more confident to tackle the solar market. They helped consolidate the lectures on design as well as appreciate practical aspects of wiring as well as mechanical installation. lST very well structured and comprehensive programme. Excellent investment for anyone wanting to venture into Solar business.

- Isaac Farayi (Zambabwe),
Director at Africa Infrastructure Consultancy

- ASHLEY HUXHAM (Londan, U.K.),
Director at British & Colombian Trade

Training at IST is very much effective for the newcomers in Solar business. IST helps to improve knowledge about solar system.

- SANJEEV BAMAL,
SALES HEAD at DARAKHT QUALITY PRODUCTS PVT LTD



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