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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

Very knowledgeable course especially for a beginner like me. Fantastic Instructor and online course. Excellent Training Institute for Solar Sector. Every thing encouraged me like the new Solar field, Good instructor and top institute (IST)

- GOVINDARAJAN ANAND,
Owner of Eldora Solar Enterprise (Chennai), SHIPPING CAPTAIN 22 years

Good scope in field of solar to start a business. design calculation & explanation was helpful. Interactive session were good & quires were resolved.

- Mayuri Soma Veer,
Executive-Renewable Energy, Savita Oil Technologies Ltd.



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