PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Creating Regional Electricity Markets and Better Weather Forecasting Technologies Critical to Integration of Renewables into Utilities in Asia - Frost & Sullivan: Creating Regional Electricity Markets and Better Weather Forecasting Technologies Critical to Integration of Renewables into Utilities in Asia - Frost.com
Creating Regional Electricity Markets and Better Weather Forecasting Technologies Critical to Integration of Renewables into Utilities in Asia

 

NewswireToday - /newswire/ - Singapore, Singapore, 2015/08/20 - Frost & Sullivan: Creating Regional Electricity Markets and Better Weather Forecasting Technologies Critical to Integration of Renewables into Utilities in Asia - Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The share of renewable energy (RE) has been gradually increasing in the global electricity mix. Some of the European countries such as Denmark obtain nearly 60% of their needs from renewable sources. In other countries like Germany and Portugal, the renewable electricity, excluding large hydro, accounted for about 32% and 30% of the total power generated.

With ambitious plans and supporting mandates, several Asian countries will witness their renewables share in the total energy mix soon cross the 20% mark. This presents immense challenges for utilities to manage intermittency and uncertainties presented by solar and wind power.

As renewables move from niche to becoming mainstream sources of energy, it is also necessary to ensure that the relevant infrastructure is in place to manage the increased output. Possible issues encountered include the need for increased accuracy of supply and demand predictions and problems with controlling the voltage and frequency in the local grid.

This means that the power utilities have to invest heavily on backup power generators using gas or coal and also in Transmission & Distribution (T&D) network upgrades to handle intermittency. Utility companies worldwide are spending an average of US$25 billion annually on T&D maintenance and upgrades.

According to Ravi Krishnaswamy, Vice President, Energy & Environment, Frost & Sullivan, Asia Pacific, utilities will face the double impact of reduced revenues from selling energy.

“This is due to the fact that several customers have started to generate their own renewable electricity in addition to the increased need to invest in T&D upgrades to support renewable integration,” he noted.

However, to tackle this challenge some of the utilities such as RWE and E.ON from Europe and NRG Energy from the US have started deconstructing their business model. These companies are helping their own electricity customers to install and own renewable energy plants, thus effectively turning them into ‘prosumers’ and creating a virtual power plant through an asset light approach.

This move by the utilities only addresses one side of the challenge, which is customer owned generators, mainly rooftop solar. The bigger challenge will still be to integrate several gigawatts of large solar and wind farms into the power grid.

Frost & Sullivan’s new research, ‘Global Perspective on Integration of Renewable Energy into Grid’ focuses on several case studies and best practices.

Among them are:

Denmark
In 2013, Denmark saw the capacity of its renewables reach 5GW with onshore wind making up the biggest share. Renewables met 62% of Denmark’s power demand in 2014, up from 33% in 2013.
Denmark has set a very ambitious target of generating 50% of its electricity from wind power alone. However, this is not without its challenges. These challenges include overhauling its ageing transmission lines, managing extreme wind power variations and Increase domestic power flexibility to battle regional competition. Denmark is able to overcome this by having a well-integrated grid with the European and Nordic market. It has also adjusted its coal plants to become more flexible in order to balance the intermittent wind power generated.

Germany
On average, renewable energy meets 30% of the power demand required in Germany. The country has planned to increase the share of renewable energy to 35% by 2020 and an average share of 50% by 2030.

Germany has the advantage of a strong and reliable power grid system that leaves the transmission system operators (TSOs) and utility companies to manage RE absorption with very little modifications. Through the effective use of coal surplus and the ability to manage power exports to neighboring countries to offset any fall in electricity prices, Germany has successfully managed to integrate renewable energy into its power grid.

China
In 2014, renewable generation accounted for 13% of the total electricity produced in China. Moving forward, the country plans to reach 100 GW of installed wind power capacity by 2020. The biggest challenge faced by China is wind curtailment and it has lost more than $1 billion annually since 2011. China is developing energy storage systems and also building ultra-high voltage transmission systems to interconnect demand and supply centers.

“The ability to analyze demand patterns for electricity and integrate them with accurate weather forecasting will help utilities avoid stranded investments into expensive T&D upgrades for renewable integration. This will make information the most valuable commodity in the power grid of the future” explained Krishnaswamy.

Frost & Sullivan’s report titled “Global Perspective on Integration of Renewable Energy into Grid” will be published in September 2015. This report will also discuss the creation of regional power pool, interconnection with neighboring countries, planning for diversity of renewable sources, and near real time information on demand and supply as some of the key success factors for renewable integration into the grid.

Frost & Sullivan recently held its GIL Webinar ‘Integrating Renewables into Utilities: Lessons Learned Globally’ on 19 August, 2015 in Singapore. If you would like to be notified of any upcoming Energy-related briefings in APAC, please email melissa.tan[.]frost.com.

To view the webinar, please visit brighttalk.com/webcast/5564/165363
Please note this briefing requires a one-time registration on our web conferencing partner's website in order to send you the link for the visuals for this session.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Creating Regional Electricity Markets and Better Weather Forecasting Technologies Critical to Integration of Renewables into Utilities in Asia

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Melissa Tan - Frost.com 
+65 6890 0926 melissa.tan[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

Vestas Secures Order for 101 MW in the United States
PPG to Distribute Wastewater Substrate-repair Products from Sauereisen
Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)