Renewable Energy Projected to Grow and Provide Significant Energy Generation Capacity in Years to Come
As decentralized renewable energy generation and other factors contribute to efficiencies in costs, technology performance, and more, renewables are set to provide increasingly larger portions of global energy generation.
As the number of success cases build on the benefits of generating renewable energy and decentralizing the creation of resources, a number of supporting factors will increase that growth faster than other fuels have done historically. Team Gemini aids this growth with its selection of industry-leading technology options for communities and resource-intensive businesses and industries.
As more communities develop a modern utilities infrastructure that supports a Triple Bottom Line, decreases in costs, types of systems being integrated, and many other details play a role in determining how well something will work. Team Gemini project developments encompass critical community resources like electricity, thermal energy, water, waste remediation, and more.
In terms of renewable energy proliferation, that component has seen among the most explosive growth, particularly solar and wind energy. This is in large part thanks to cost-competitiveness compared to other sources of energy, and this dynamic will continue to improve in favor of renewables. The International Energy Agency offers several insights into future growth projections:
Clean energy will grow by about 1,000 gigawatts in the next five years, according to the International Energy Agency’s projection. That production will be equal to about half the globe’s coal power capacity, in a fraction of the time it took to build all that coal power. By 2022, clean energy will account for a third of power generation at 8,000 terawatt-hours, or enough to meet the current electricity demands from China, India and Germany combined.
“The message is very clear: Competition is driving cost down at a pace which is much faster than it was in the past,” said Dr. Paolo Frankl, head of IEA’s renewable energy division, on a call with reporters. “The limiting factor is no longer cost…it’s system integration.”
With many countries committing to fossil-fuel car bans and companies like General Motors and Volvo moving away from traditional fuel models, electric vehicles are expected to double by 2022. But biofuels will lead 80 percent of the growth in renewable-powered transport.
In IEA’s accelerated case that considers fewer policy barriers, clean energy capacity could increase by an additional 27 percent. To quicken the pace of ramping renewables, Frankl says utilities and power suppliers will need to focus on grid integration, affordable financing in developing countries, and working across inconsistent national policies on renewable targets.
Specific to Team Gemini’s offerings in supplying these resources, team members like 2G Energy (combined heat and power), Viessmann (thermal energy and more), ABB (microgrids and resource management and monitoring), and A3 (wastewater treatment and water conservation) contribute effective solutions. Beyond these, sustainable agriculture also comes into play, as food resources are critical for survival. Last but not least, the generation of bioproducts helps offset harmful effects of waste, turning a variety of feedstock into economic byproducts that can be applied for the benefit of the community—such as renewable energy, compost and fertilizer, biofuels, and more. These companies, among others, provide outstanding technology and service options to fulfill a variety of energy efficiency needs for countless industries.
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