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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

Understands Technical aspects AND actual installation job

- TUNIR DEWANGAN,
Project Manager at TATA POWER

Very good training, Deeply knowledge about all the solar Equipment and also practically knowledge . Good knowledge . and our sir helps lots of during the course . and give extra knowledge about solar project . In lab we got up briefly knowledge about the all equipment . how to connect series and parallel combination . and how to install Solar project on the site .

- Abhishek Sharma,
Maintenance Engineer at Jupiter Solar Power Limited

Great platform for learning about the solar industry. Detailed working knowledge and hands-on technical training.

- Amit Bhandari,
Director at AVA2 Green Solutions



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