Long-term
promise and potential for renewable energy sources remains vast. But
the reality of current renewable technologies and the plain fact that
today’s utilities and their users demand constant availability
means that fossil fuels are here to stay for a while longer as a base
generation source. However, that does not mean that renewable have to
take a back seat in the evolving power-generation market. There are
strategies for renewable integration that utilities and
power-generating companies should consider implementing that expand
the value and functionality of renewable. The advancements in hybrid
configurations, leverage renewable sources so they can make increased
energy contributions far exceeding previously envisioned limits. The
intelligent, strategic use of hybrid systems (fossil fuels and
renewable energy) significantly lowers fuel consumption, which
improves operating economics and curtails emissions.
The
high quality of exhaust heat from such generators can also be
harnessed for heating purposes. Such power plants are usually
employed for providing electricity grid relief and power supply
during peak consumption hours. However with technological
advancements these plants are now also being utilized for supplying
base loads. Very fast startup times for these plants also provide
opportunities for using them as backup generation for emergencies.
With shale gas and coal bed methane being considered as valuable
sources of energy for the future, and the fact that renewable sources
of energy are unending, the opportunities of this market are
substantial. Certain factors like increasing cost of both oil and
natural gas as well as increased prices of renewable capture
components (e.g. solar panels) in most nations may prove to be
barriers to growth. However demand for hybrid generation is not
likely to slow down in the near future specially in OECD countries.
There
are many ways in which such generators can be used for generation of
electricity and other forms of useful energy. Hybrid turbines for
electricity generation may be segmented based on the combination of
equipment used to generate energy, for instance diesel generators
combined with wind-generated energy. Such turbines can also be
segmented on basis of feedstock consumed for generating power. The
fuels that may be considered are natural gas, fuel oil, kerosene and
diesel as fossil fuels and wind energy and solar energy as renewable.
Majority
of plants using theses turbines are clustered around regions where
fuel to run them are abundantly available. However with global trade
of oil and natural gas growing and peak demand problems becoming more
acute more nations are opting for such power plants. China is
emerging as the leading energy consumer of the world thus increasing
the prospects of using this source of generation in the Asia Pacific
region. Also contributing to installations is Japan which has begun
replacing nuclear generation after the Fukushima disaster, with
natural gas-based hybrid generation. In the OECD countries the
majority chunk of thermal generation comes from such power plants.
Use of such power plants is predominant in Middle Eastern, Eurasian
and North American regions. The regional segmentation for these
turbines can be done based on North American, Middle Eastern, Asia
Pacific and rest of the world (ROW) regions.
Some
of the key players in this industry include NYE Thermodynamics
Corporation, Mitsubishi Power Systems Europe Ltd., Siemens AG, Doosan
Heavy Industries & Construction Co. Ltd., and MJB International.
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