The global energy market is constantly evolving. Current market trends show the energy landscape is in transition towards more flexible energy systems with a rapidly increasing share of renewable energy, declining inflexible baseload generation and wider applications of storage technology. The declining costs of renewables have begun to reduce new investments into coal and other inflexible baseload technologies; a transition which will eventually cause renewables to become the new baseload. In 2017 itself, 14% of electricity generation worldwide was attributed to wind and solar.
In the very near future RE will become the baseload in power systems and flexibility will be the enabler. Without flexible power generation to balance the system, and provide critical power, significant RE penetration cannot be achieved and the savings that low cost RE promise will not be realized. Read more →
Electric utilities and government agencies are moving towards 100% carbon-free energy. Despite the enthusiasm behind this goal there are a considerable number of open questions. Read more →