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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

Outstanding entry level learning in solar pv industry. Wish to learn more in R&D sector of Solar PV. Most important part of this course was diffrent type PV power plant design calculation, solving multiple examples.

- Rohit Agarwal,
Partner, Ganesh Engineering Workshop

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

- Amit Bhandari,
Director at AVA2 Green Solutions

IST has very well designed the course, modules technical features were well explained. The most positive aspects of this course are clarity on PV technology. I can do project design and financial modeling as per customer's requirement. Course had been very useful

- LAKKARAJU PUNDAREEK,
Ex Executive Director at BHEL, CONSULTANT, Gowin energy solutions ltd



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