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Global Hybrid Energy Systems—Convergence of Renewable and Conventional Power

Global Hybrid Energy Systems—Convergence of Renewable and Conventional Power

  • June 2016
  • 52 pages
  • ID: 4150706
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

Bridging the Intermittency Gap across Regions with Low Electrification will Accelerate Growth Potential

This study analyses the global market for hybrid energy systems. Installed capacity and revenue forecasts, drivers and restraints, global hotspots, case studies, and market trends are evaluated in detail to give a clear vision of the growth path for this market. The climate change debate has brought into focus the challenges of using fossil fuel as the primary fuel for power generation. Declining costs for renewable energy support grid parity and lead to increased uptake of decentralised power. Energy system flexibility, supportive policies, and smart energy initiatives will be game changers in this industry. Hybrid renewable energy systems are an attractive option to overcome challenges posed by the intermittency of renewable energy.

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