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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

Very helpful to enhance the knowledge on Solar System, good demonstration, Very Nice Course.

- ERIC P. VAZ,
Bryce Solar

The course took me from no knowledge of PV systems to doing PV System Design and installation. Providing lots of examples and practical scenarios. Excellent.

- Jayesh Kharat,
Consultant at Thirdware Solution Ltd

Course Covers from Basics to Technically in-depth Knowledge of Solar with Financial Calculation. Simplification of complicated Technical terms. Gives Basics knowledge of Financial calculation in the simplified matter as most of us are from non-financial background. The In-depth knowledge of Instructor in Designing of Solar PV generation & Techno-Commercial aspect of Solar PV Projects. The Positive Aspects to encourage to do business in various Opportunity in solar PV generation.

- Niket Suresh Sali,
Dy. E.E. at Maharashtra State Electricity Transmission Co Ltd



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