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Enhanced Role of Gas - Fired Power as a Back - up Source for Growing Dependence on Renewable Energy
GlobalData, July 2011, Pages: 6
Enhanced Role of Gas - Fired Power as a Back - up Source for Growing Dependence on Renewable Energy
Summary
Increased policy support to push the higher utilization of renewable energy resources for power generation is driving companies to look for alternatives that will assist in making them reliable enough to increase their grid penetration. The growing use of natural gas for power generation is also being seen as a viable option for easing environmental stress as it replaces coal, which constitutes the majority of the thermal generation mix at present. The lowering of gas prices, triggered mainly by the discovery of large amounts of unconventional gas resources, has helped gas to regain market competitiveness as a cleaner and more efficient resource for power generation. Despite large discoveries of gas resources, the utilization of gas is limited to the time the resources last. However, utilizing gas as a back-up source, while increasing the reliability of renewable energy resources, has been gaining significant interest with many companies. The rising interests of these companies have been driven by their growing need for alternatives to ease the integration of renewable energy resources in to the current power grid.
Scope
- Market prospects of gas-fired back-up power due to growing dependence on renewable energy
- Key factors supporting the use of natural gas for increased utilization of renewable energy
- Future and current market potential offered by NGCC technologies
- Regulatory support for clean energy enhancing the role of gas-fired back-up power
Reasons to buy
- Identify the key growth and investment opportunities in the renewable energy coupled with gas-fired back-up power
- Gain insights on the growth potential of renewables offered by the gas-fired back-up power
- Developing strategies for enabling increased utilization of renewable energy resources
- Facilitate decision-making based on regulatory framework support to the clean energy resources
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