1. Six Forces Disrupting the Power Sector

    Six Forces Disrupting the Power Sector

    Another key marker of disruption, according to Ghosh, is the rapid—“rapid being the code word here”—advancement of technology. Since 2007, the cost of wind and solar power has fallen dramatically as capacity factors have soared, contributing to their quick uptake across all markets, including as offshore and distributed sources, he said. According to the International Energy Agency (IEA), variable renewable energy penetration is approaching a 20% to 30% share in many markets, and the wider industry is already seeing repercussions. In Germany, for example, conventional thermal plants—and particularly coal plants—have adopted equipment, software, and operational modifications to be more flexible in order to achieve higher ramp rates, more starts and stops, and much lower minimum generation.

    Read Full Article
  1. Topics Mentioned

  2. Categories

    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Military, Residential & Community & Microgrid, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Sodium, Supercapacitors, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences