Tag: clean energy

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Power Supplier Identifies Niche Market Segments with the Help of Market Intelligence Solutions

Market Intelligence for Power CompanyLONDON: Infiniti Research, a global market intelligence solutions provider, has announced the completion of their latest market intelligence solution for a renowned power supplier client. Developing economies like India have continuously supported renewable energy to cater the rising power demands. The growth of the power market is driven by rising decentralization, digitization, and growing need to decarbonize electricity generation.

“Market intelligence solutions enable power suppliers to identify the niche and lucrative market segments and accordingly customize offerings and marketing efforts around the customer’s needs. Additionally, it also assists the suppliers to identify key competitors in the Indian power market to help them devise an effective marketing strategy.,” says an expert at Infiniti Research.

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The market intelligence solution offered helped the power supplier client to gain detailed information in the growth of the Indian power market helping them identify newer ways to increase profits and market share. Also, the solution offered insights into the existing market condition to minimize the risk of investments and penetrate the niche segments.

Additional benefits of the market intelligence solution

  • Identify niche and profitable market segments
  • Offers insights into market size, substitute products, and competitor analysis

 

 

To know more about how our market intelligence solutions helped the power supplier client

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Top Clean Energy Predictions for 2018

The ‘Go Green’ anthem is echoing around the world. This trend is putting pressure on all the global industries to streamline their activities to a more environment-friendly approach. The energy industry was among the first sectors to come forward and incorporate the idea of resorting to environmentally friendly practices. Additionally, the depleting rate of fossil fuels and the increasing regulatory measures were a good enough reason for them to undertake clean energy measures. In 2018, the continuing plunge in costs for solar and wind energy means that market opportunities will keep opening up for clean power, storage, and electric vehicles. Curious to know what twists and turns the energy industry is going to witness in 2018?  We unravel to you the top clean energy predictions for the upcoming year:IR_Brochure

Dip in battery pack prices

Lithium-ion battery pack prices are expected to showcase a steady decline in 2018. Despite an increase in the price of cobalt and lithium leading to increasing average cell prices, it is likely that the average cost per pack will decline by 10-15%. This trend will be driven by economies of scale, larger average pack sizes and energy density improvements of 5-7% per year.

Rise in the sale of electric vehicles

The transportation industry’s inclination towards clean energy has boosted the growth of electric vehicles. The sale of electric vehicles is expected to hit the all-time high margins this year. As compared to 2017, it is predicted that there would be a 40% rise in the electric vehicles segment in 2018. In the European market, the mounting urban air quality concerns and diesel’s fall from grace will help spike the growth of the electric vehicles market.

Energy transition in Asia’s two largest power systems –  India and China

In the energy industry, India and China face opportunities and challenges that are entirely different from one another. The Indian energy sector saw a mixed year in 2017, though 12GW of renewable energy were built, there was a dip by 20%  in new investments in clean energy resulting from a number of canceled auctions and power contract renegotiations. However, 2018 is expected to be the last year in which fossil fuels will outpace renewables in India. The Indian regulatory bodies are undertaking rigorous clean energy measures to stabilize global greenhouse emissions. In the case of China, the solar fever will continue to rage in 2018. In the upcoming year, China is expected to build more “distribution-grid-connected” solar projects than the larger “transmission-grid-connected” projects.

Growth in global wind installations

Wind energy is one of the major sources for generating clean energy around the world. Both onshore and offshore wind installations are expected to show a growing trend in 2018 and are expected to hit an all-time high record by 2019. China and Latin America are likely to be the two regions seeing growth between 2017 and 2018. The U.K., Germany, Netherlands, and China will continue the main markets for offshore wind projects.

Solar installations to shoot up

Solar energy still dominates as the most rapidly developing and widely accepted technique for generating clean energy. According to various industry experts, global solar installations will be at least 107GW in 2018. China will continue to be the leader in solar energy with 47-65GW of solar installations.


To know more about the clean energy trends for 2018Ask an analyst


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Is the APAC Region Gearing Towards a Sustainable Future with Renewable Energy?

The world’s energy needs are constantly on the rise, and power companies are looking at all sorts of possibilities and modes to fulfill the increasing demand. It’s a tough task to produce enough electricity to power the needs of all the people across the world. A traditional source such as fossil fuel has been used on a wide scale as the most significant source of energy. However, due to environmental concerns and increasing emissions, governments across the world are slowly reducing their dependence on fossil fuels and are switching over to a cleaner source of energy. As a result, renewable energy sources have been grabbing the headlines more often. The APAC region has been regarded as the prime example for the adoption of renewable energy sources for their power requirements. Numerous reports estimate the energy demand in the APAC region to nearly double by 2030. The region is on the right path to meet such demands even after reducing their dependence on traditional sources. The Chinese government is expected to IR_Brochuremove away from energy production from coal, which kills thousands of people each year. So, what does the renewable energy future look like in the Asia-pacific region?

China

China is a world leader in wind energy generation and has ambitious plans to triple its solar power capacity by 2020. The country is aiming to raise its solar energy generation to 150GW and wind energy generation to around 250GW by 2020. Although the renewable energy sources accounted for approximately 14% of Chinese power, they expect to increase this figure to 22% by 2020. In 2017, China announced to scrap their plans to build 85 coal-fired power plants and instead pour about $350 billion into renewable energy. Additionally, the authorities reported that the country had exceeded official targets for carbon intensity, energy efficiency, and the share of clean energy source.

India

Similar to China, in 2015, India also announced their ambitious goal of increasing the renewable energy power capacity to 175GW by 2022. This plan includes increasing the solar capacity to 100GW, wind energy to 60GW, bioenergy to 10GW, and hydropower to 5GW. If they achieve this target, then they will witness a five-fold increase in power capacity in a span of seven years. Currently, India is the fourth largest installer of wind power behind China, the US, and Germany. India has been largely helped by the falling solar installation prices, with the rate falling as low as 4 cents a kilowatt hour to add 250MW of solar capacity in Rajasthan.

Japan

The shift towards a renewable energy future seems to be picking up steams in Japan. After the Tohoku earthquake, 2011 Tsunami, and triple meltdowns at the Fukushima nuclear power plant, the Japanese government introduced a feed-in tariff system to promote renewable energy. The scheme made it mandatory for utilities to purchase wind, solar, mini-hydro, and geothermal energy at a fixed rate for the specified number of years. A report from IEEFA expects Japan’s solar energy to account for 12% of electricity mix by the year 2030. The report also estimates the renewable capacity to reach 159GW by the year 2030.

Others

The success of solar farms in Thailand coupled with positive development in other clean energy resource puts Thailand right on track to achieve its goal to reach the share of renewable energy by more than 37% by 2036. Additionally, the development of ultra-fast charging battery in Singapore is showing a promising renewable energy future as it can charge batteries up to 70% in just two minutes.

To know more about the renewable energy future in APAC region:

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Pros and Cons of Nuclear Energy You Should Know

The origins of nuclear energy can be traced back to 1932 when physicist Ernest Rutherford discovered that immense amount of energy was released when lithium ions were split by protons from a proton accelerator. After subsequent discoveries from Niels Bohr and Albert Einstein, nuclear energy was able to power nuclear reactor for energy generation. Today, uranium, a common element in the Earth’s crust, is the element of choice for conducting nuclear fission for generating electricity. Going by today’s consumption rate of the element, numerous studies estimate the IR_Brochurereserves to last for another 200 years’ worth of supply. Nuclear energy is distinct from any other source of energy and has its own sets of pros and cons.

Advantages of nuclear energy

Continuous electricity generation

Nuclear power unlike other sources of energy is independent of natural conditions. For instance, solar and wind energy is highly dependent on hours of sunlight or wind which doesn’t usually coincide with fluctuating energy demands. A nuclear power plant is generating electricity about 90% of the annual time which is relatively high compared to other forms of renewable energy. In comparison, natural gas generates an average electricity of 50% of the annual time, while coal and wind produce energy at almost 51% and 32% respectively.

Output efficiency

A significant advantage of using nuclear power over fossil fuel is the relatively low amount of fuel it is required to produce an equivalent amount of energy. The cost of nuclear fuel, i.e., uranium, accounts for only 20% of the cost of electricity generated. Such high levels of efficiency also make it easier in transportation, handling, and extraction of nuclear fuel and subsequently reduces the overall costs in the supply chain.

Clean source of energy

The only byproduct generated out of a nuclear power plant is used uranium which is safely stored in pools or concrete containers. Unlike other fossil fuel source, it does not emit CO2 causing air pollution and acid rain. Of all the clean energy sources like wind, solar, and hydro, nuclear power is the most significant source of clean-energy generation in the US contributing to 64% of the total output.

Disadvantages of nuclear energy

Radioactive waste

The radioactive waste generated as a byproduct of nuclear power is hazardous and has to be carefully stored and monitored for several thousand years. Although high-security standard is maintained to store this waste effectively, accidents can still happen with deadly consequences for both humans and nature. A nuclear or radiation accident such as Fukushima Daiichi nuclear disaster, Chernobyl disaster, and Three Mile Island accident have posed serious questions to the safety of nuclear energy.

High capital investment

Capital Investment

Although the fuel source of nuclear power, uranium, is relatively low, the cost of electricity is significantly driven by the high rate of initial investment for constructing a nuclear plant. So nuclear plant will have to run for a number of years in order to recoup the initial investment. Additionally, nuclear plants also have a limited life; after expiry, they have to be dismantled. The construction time for a nuclear power plant usually takes 4-5 years with a payback period of over 30 years which is relatively high considering other source of energy.

Fuel availability

Fossil fuels can be mined in many parts of the world, which is not particularly accurate for uranium, which is a very scarce resource. Only a handful of countries have uranium ores, and getting the approval from several international authorities is a tiresome process before building a nuclear power plant. As a result, not many countries can depend on nuclear energy to fulfill the energy demand.

To know more about pros and cons of nuclear energy, nuclear power plant, and the nuclear reactor:

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Energy Industry Trends: Factors Expected to Spark Change in 2018

energy industry trends

Energy industry overview

The world population is on the rise, so is the demand for energy. The good news is that the recent energy industry trends are more focused towards sustainable energy generation methods, especially due to the ever-increasing environmental concerns such as global warming. But on the flip side, the energy industry is facing mounting challenges when it comes to providing cheap and reliable energy owing to the high costs involved and lack of sufficient resources to meet the growing demand. Over the past year, global conditions have also continued to challenge the energy sector. However, with breakthrough developments in the energy sector in the recent times and more emphasis from the government for clean energy measures, 2018 will undoubtedly be an eventful year for the energy sector. Here are our top picks of the energy industry trends that you can expect in 2018:cta ir

Energy Industry Trends 2018

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Top 5 Hydroelectric Power Benefits

Hydroelectric power is one of the oldest forms of electricity generation dating back to hundreds of years where it was used to power domestic power lifts, sawmills, and to perform mechanical tasks like grinding grains. However, the use of hydroelectric power has evolved over time and it is currently the biggest source of renewable electricity. It also contributes to about one-fifth of the entire world’s electricity. The consumption and demand for hydroelectric power are continuously on the rise as it’s a clean fuel source and also one of the cheapest forms of energy today. Apart from generating electricity, hydropower can be used for agricultural activities, industrial uses in hushing, and powering IR_Brochurewater clocks. Here is how hydroelectric power benefits the society, nation, and the world at large:

#1 – Economic source of energy

One of the most pivotal hydroelectric power benefits is the relatively low cost of extracting electricity. For many investors, the upfront cost of constructing and installing hydropower plant can be very high. The prices include not only the plant cost but also the cost of building a dam. But once the power plant is in place, the cost of operation and maintenance is meager. As a result, the marginal cost of per kilowatt of electricity will reduce significantly. Also, since water is used in electricity generation, it is not required to be purified like fossil fuel. The source of hydroelectric power will remain perpetually and have an insanely long lifespan.

#2 – Renewable and clean resource

Since water is the primary source of hydroelectricity, the resource can be used until the end of time. A notable benefit of hydroelectric power is its ability not to consume water, as water powering the turbine ends up in the water stream again. They only derive the energy from moving water and convert it to electricity.

#3 – Eco-friendly

A recent report from the World Energy Council reported that hydroelectric power accounted for about 1,064 GW of installed capacity in the year 2016. To put that in context, each KWh takes about 0.36 kilograms of coal to generate. Thereby, hydroelectric power is an eco-friendly option compared to coal and fossil fuel, which accounts for a major chunk of  the total emissions. Also, using hydroelectric power mitigates the emissions of greenhouse gases that is equivalent to the combustion of 4.4 million barrels of petroleum each day. Additionally, hydropower production doesn’t have any toxic byproducts that would harm the environment.

#4 – Flexibility

An interesting hydroelectric power benefit is its ability to scale the supply of electricity as per the need. When the demand for electricity is low, excess energy can be used to pump water to an upper reservoir. Conversely, when the demand for electricity surges, the stored water is released to power the turbines. The drawback of other form of energy such as wind or solar is that they can only be used when there is sufficient wind flow or sunlight; whereas, water is constantly available. Additionally, at the time of blackout or peak demand, hydroelectricity can be flawlessly fed into the main electric grid system compared to other energy sources.

#5 – Picks up water shortage slack

Hydropower has various other uses apart from electricity generation. The collected water can be easily used for irrigation, for drinking water purpose, or rainwater harvesting. Storing water in such a way also assists in the reduction of vulnerability during droughts and floods. Additionally, impoundment hydropower can create a reservoir for recreational activities such as fishing, swimming, and boating.

 

To know more about hydroelectric power benefits, hydroelectricity, renewable energy sources, clean energy, and electric grid:

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Why You Can Expect ‘Clean Energy’ To Become Cheaper In 2018

 The rising need for maintaining environmental sustainability is garnering increased attention in the clean energy sector. Furthermore, the exorbitant rates of extracting fossil fuels are leading to flexible and cheaper sources like renewable energy to become more popular. This changing trend is going to be one of the critical factors that are going to influence shifts in investment decisions, household usage, business models, and employment patterns. What makes clean energy more appealing is the fact that it is far easier to extract and that too at a lower price than non-renewable sources of energy. As we step into 2018, here are a few factors that would influence the prices of clean energy to be inexpensive:IR_Brochure

Drive in the sale of electric cars

Advancements in technology are driving down the vehicle prices and simultaneously increase the sale of electric vehicles. Though several industry analysts have predicted slow growth in this sector, there are chances for sales of electric cars to rise rapidly due to bulk purchases of these vehicles by several companies. Also, factors such as breakthrough inventions in battery storage technology and increase in auto industry’s capital expenditure are also expected to facilitate the growing sale of electric vehicles.

electric vehicleDeclining popularity of coal

The demand for coal as an energy source has been seeing a declining trend over the past few years. The main reason for this being the rising usage of several affordable, clean energy replacements. This is also going to lead to investments in coal-fired power plants to drop. You can also expect to see cancellations of several proposed power plants and retirements of existing ones in the years to come.

 Wind and solar energy prices will continue to go downhill

The previous year saw a remarkable reduction in the rates of clean energy such as solar and wind. Renewable energy is slowly taking charge of driving electricity markets in different parts of the world. Solar and wind energy has been particularly successful in reaching out to larger sections of people at lower prices; this trend is expected to continue in the following years as well. During the growth period though, clean energy will experience some political and financial setbacks. However, the industry will overcome those obstacles as it becomes a permanent and growing part of the energy landscape.

clean energy Rise in the oil prices

Over the past two years, the oil prices have been on the rise like never before.  The oil and gas industry is slowly moving from massive capital expenditures to strategies that focus on reducing cost, limiting investments, diversification and cash generation. This trend is likely to make clean energy replacements like natural gas in high demand.


To know more about the challenges and opportunities for clean energyAsk an analyst


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Challenges in Implementing Smart Grid and the Role of Data Analytics

The power production capabilities across the world have continuously been on the rise. Even with such an increase in energy production, many countries are facing energy deficit issues. In some countries due to limited supply, the energy prices have skyrocketed. Power authorities are placing their bet on new smart grid technologies to solve the existing problems in the power industry. Data analytics and automation technologies have enabled power companies to implement an efficient smart grid infrastructure. Smart grid provides benefits such as quick electricity restoration after power disturbance, reduced peak-time demand, integration of large-scale renewable energy systems, andIR_Brochure reduced operations and management costs. However, implementing smart grid poses its own set of challenges. Here are some of the challenges faced by the energy industry companies while implementing smart grid systems:

High operating cost

As per the recent Reuters report, implementing smart grid system in the US National power grid will cost up to $476 billion over the next 20 years. The necessity of a large communication and distribution network escalates the capital and hardware costs significantly. Apart from such infrastructural costs, energy companies will also have to invest heavily in smart grid R&D to assess the evolving benefits and costs.

Transition from legacy systems

Data management will pose a big challenge in the implementation of a smart grid. It accounts for all aspects of collecting, analyzing, storing, and providing data to users and applications. Additionally, it also includes data transition from old legacy systems. This in particular is a big challenge as old legacy system usually cannot be retrofitted with new technologies, which brings the need for entirely new technological solution. Companies also face issues when the volume of data grows from multiple sources such as vendors, municipalities, power utilities, IPP, and consumers at an unprecedented rate.

Complexity of smart grid

Smart grid is a complex machine that takes in input from multiple sources of data to efficiently distribute energy at a speed of light. The complexity arises as a result of multiple data sources, which will complicate the power distribution process. The smart grid has to take into account user behavior, human responses, as well as intelligent and automated responses, gathered from the analysis of massive amounts of data. On top of that, the power companies and government will have to take decisions based on financial constraints and environmental requirements.

Cybersecurity and data privacy

Another challenge faced by the energy industry during implementation is the prevention of damage to, exploitation of, unauthorized use of, and restoration of electronic information and communication systems. Companies are facing issues to ensure confidentiality, availability, and integrity of customer and operational data. Since the smart grid is a widely interconnected system, privacy is of significant concern for the power companies. The problem arises when assigning multiple levels of access to information for various stakeholders.

For more information on challenges in implementing smart grid, smart meters, advanced metering infrastructure, and demand response:
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What are the Barriers to Successfully Implementing Renewable Energy?

Renewable energy has the potential to solve a majority of the energy shortage and demand issues around the world. And what is the cherry on top of the cake? That is, it’s extremely pocket-friendly. The benefits of renewable energy have attracted a large number of players to formulate new technologies by implementing clean energy sources. But the journey to success for renewable sources of generating energy is not as easy as it seems to be. Commercialization barriers faced by new technology, price distortions from existing subsidies, high transaction cost, and inadequate information are some of the few drawbacks that players seeking to venture into the renewable energy market face.  Let us discuss a few of them in detail:
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Building infrastructure

Renewable energy requires a considerable amount of initial investment, especially in the technology involved to harness energy from these sources. It also involves the cost for finding the apt sites to set up the infrastructure necessary for generating energy. For e.g., to generate wind energy, developers must first identify the most apt site with the appropriate flow of wind to set up the windmills. Also, the costs associated with the installation and maintenance of the infrastructure for renewable energy is also high.

Lack of information  

In most cases, the successful implementation of a product or a service depends greatly on the level of information that the customers have on them.  With renewable energy, many customers are still not fully aware of its applications and benefits. To add on, there are many false rumors making the rounds about renewable energy that adds to the customer’s confusion. For e.g., there is a common belief that solar and wind energy are not dependable because they are available only during the times sun is shining or the wind is blowing.

Comparatively smaller size of players

The companies and players undertaking clean energy projects are usually smaller in size compared to the established giants in the energy industry. Therefore, the resources and exposure available to these companies are much lesser. Also, they have limited ability to communicate with the customers and lesser say in regulatory and legislative proceedings, which makes it more difficult for them to establish themselves in the market.

High transaction costs

As mentioned earlier, players in the clean energy industry are less established and are smaller players. Therefore, proving their credit-worthiness to banks or negotiating contracts becomes an expensive affair. Also, being small players becomes a major drawback in convincing residential customers to pay for renewables as it gets a little tricky to gain their trust unless it is an established brand.


To know more about the opportunities in the renewable energy industry and the major market challenges and threats
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What’s Bothering the Energy Industry Across the World?

The energy industry comprises of the petroleum, gas, electrical, coal, nuclear, and renewable energy sectors. In recent times, renewable energy has started taking precedence over non-renewable energy sources such as petroleum and coal. This is because of rising consumer awareness towards global warming and government initiatives to curb pollution. Although both the renewable and non-renewable energy industry is growing at a healthy rate, there are some challenges faced by both these sectors.IR_Brochure

Challenges Faced by the Energy Industry

Meeting Decarbonization Targets

In the 2015 Paris Climate Conference, 200 countries committed to COP21, which has identified an ambitious set of goals. In a bid to limit the global warming activities across the world, countries are putting up legislations to curb emissions and provide incentives to businesses with lower or no carbon emission. Numerous reports list that 41% of the world’s total CO2 emissions are caused by the energy industry companies, resulting in initiatives to decarbonize energy supply with renewable energy resources. To show its commitment to COP21, countries such as UAE have vowed to reduce its fossil fuel subsidies and have invested US$163 billion in renewable energy projects. Also, nations and companies having positive carbon balance can sell its carbon credit to companies with higher emissions. Such incentives discourage companies to reduce its carbon footprint and the energy industry players to opt for such alternatives.

Ease of Access and Affordability

Energy access has been largely limited to only the developed and urbanized parts of the world. The accessibility problem is still posing as a significant challenge to the energy industry. The energy prices vary across the globe depending on numerous factors. In multiple regions, the affordability issue seems to be more prominent as it drives the prices of all other consumer goods. For instance, Germany has the highest rate for per kilowatt hour of electricity at 28.18 euros, which is compelling the manufacturing units in the country to outsource production to the low-cost region.

Investment and Returns

The level of investments required for energy generation projects is so significant that it usually has to be backed up by investments from world bank or governments. The typical project cost for energy generation runs over billions of dollars. For instance, in 2005, a conference on renewable energy investment in India had private companies committing around $200 billion in investments into green energy. With such massive investments, the pressure on returns is much higher. The increasing cost of operations and maintenance can reduce the plant availability for power supply to the grid; thereby, diminishing the returns. Additionally, regulatory approvals, construction and technology risks create a significant challenge for the energy industry in delivering energy projects on time, within the stipulated cost and quality targets.

 

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