2016 International Energy Outlook Showcases Renewables Are Fastest-Growing Source of Electricity Generation

2016 International Energy Outlook Showcases Renewables Are Fastest-Growing Source of Electricity Generation

Amidst a transition of energy sources around the world, renewables continue to grow most rapidly, and advances in technologies can further improve prospects.

Team Gemini and its partners work in an industry that continues to grow in importance and market presence. Recent investment figures already portray a significant growth in lending institutions related to activities within renewable sectors, and an updated International Energy Outlook (IEO) report by the U.S. Energy Information Agency (EIA) portrays a variety of related growth factors:

Total world energy consumption rises from 549 quadrillion Btu in 2012 to 815 quadrillion Btu in 2040, an increase of 48 percent.

Electricity is the world’s fastest-growing form of end-use energy consumption and has been for decades. Renewables are the most rapidly increasing source for electricity generation, with average increases of 2.9 percent per year during the projection period.

Related to one of Team Gemini’s primary development activities (with team members like KAHL), lucrative opportunities within the pelleting industry will grow when it comes to energy and other applications:

In the electricity chapter of IEO2016, a section was included on the world markets for wood pellets. Global production of wood pellets has increased significantly over the past five years. In 2013, the EU accounted for 85 percent of the world’s total consumption of wood pellets for energy production. Approximately 45 percent of Europe’s demand for wood pellets is met by trade within the EU and the remainder is imports primarily from the U.S., Canada and Russia. The U.S. is currently the world’s largest exporter of pellets, increasing by nearly 40 percent from 3.2 million short tons in 2013 to 4.4 million short tons in 2014.

In an effort to make more communities sustainable, Team Gemini works closely with commodity-intensive industry clients, municipalities, and other stakeholders to implement viable technology configurations that result in economic and other benefits. This is achieved by drawing upon working examples as well as applying proven industry technologies.

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The original article on this subject can be found at this link.