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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

IST is well organized training institute and trainers are well knowledgeable.In a very short span of time we gain a lot of knowledge about solar PV system. Live design calculations was very helpful. Providing excellent knowledge on different scenarios.

- Palwinder Singh,
Electrical Engineer in FATA EPC, in Oman UAE Qatar Bahrain

Overall Knowledge given by the faculty. Interactive Sessions

- Satish S Jadhav,
PR Technologies, Sambhajinagar, chinchwad, Pune - 411019

The instructor was committed towards his teaching which was completely presentation based and he answered every question we asked him. The method was completely presentation based which help us to have a better understanding. Very good institute which is imparting a wonderful knowledge about the solar technology which will thus help us in becoming aware of the transition which is taking place in the country and be a part of it.

- Prashant Juneja,
Asst. System Engineer at TATA Consultancy Service Ltd



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