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The importance of power flexibility to reach net zero

We need to drastically increase flexibility within our power systems to ensure sufficient renewables integration and achieve the world’s net zero pledges…

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This article was originally published by Power Engineering International

We need to drastically increase flexibility within our power systems to ensure sufficient renewables integration and achieve the world’s net-zero pledges and Paris Agreement goals.

This was one of the core sentiments expressed by Enrique Gutierrez, Analyst at the International Energy Agency, in his session at Enlit Europe.

According to Gutierrez, flexibility plays a key role in reaching emissions targets and how the world is tracking on the road to net zero.

Enrique Gutierrez, energy analyst, IEA, France

“Progress has been made since the Paris agreement, with countries announcing their zero pledges at COP26 in Glasgow. However, we need to accelerate the deployment of clean energy.”

The International Energy Agency (IEA) created various scenario’s to track the world’s decarbonisation progress, as well as to measure what still needs to be done.

Solar and wind will lead the generation space. However, the Net Zero Emissions by 2030 scenario requires around 1000GW of solar and wind to meet decarbonisation and energy access goals.

Gutierrez: “Adding this amount of renewable energy will radically change the way we operate our system.”

Across the various scenarios, variable renewables take the lion’s share in generation supported by dispatchable low carbon fuels

Image credit: IEA

According to Gutierrez, there needs to be an ambitious and dramatic increase in installed capacity in order to meet the net-zero goals. This, in turn, will require a rapid increase in investments.

“One of the key areas requiring investments is grids – which will be a key enabler of the flexibility requirements to allow the increase in variable renewable energy.”

Image credit: IEA

Achieving flexibility

Gutierrez explained that in order to transform power systems and increase renewables, flexibility is vitally important. In order to cover flexibility requirements, the world can expect a change in the generation matrix to ensure a variety of available resources.

“Coal will be displaced although it will continue to play a role in terms of flexibility. New technologies such as batteries and demand response will kick in and interconnections will play a much more significant role in balancing the power system.

“Of course, to enable the interconnections, we need investments in grids and networks to support inter-regional trading.”

China as an example. Image credit: IEA

Gutierrez emphasises the importance of preparing markets for the participation of these new technologies and renewable resources in order to drive deployment and ensure remuneration for the value they provide to the system.

As renewable capacity increases, another key consideration to be addressed is maintaining system inertia – which is key to stability, said Gutierrez.

“We need to update practices and regulatory frameworks to incentivize the right mix of technologies in the power system”.

In terms of systems and technologies, Gutierrez explained what is required depending on the amount of variable renewables integration.

  • With +- 60% share of instantaneous renewable penetration, more stability can be guaranteed by maintaining some conventional generation rotating machines.
  • With higher variable renewable deployment, +- 80% penetration, new market or response services can be introduced to keep the system in balance.
  • In systems with 80% + of renewable integration, technology or asset-based solutions become key. These include synchronous condensers as well as developing grid forming capabilities such as batteries.

Many of these solutions are in the R&D phase, however, deployment at scale still needs to be understood properly in a way that minimises cost, said Gutierrez.

Another source of flexibility will be interlinking to other parts of the energy sector, such as the planned interlinking between the gas and electricity grid, which, according to Gutierrez, is becoming more critical.

“Gas will provide a significant role in providing flexibility in the short term, so we need a greater understanding of the flexibility that can be provided by the gas grid that can be relied upon by power system planners to cope with seasonal fluctuations.”

Image credit: IEA

To ensure flexibility, said Gutierrez, we will see an increased focus on demand shaping to cope with and reduce peak loads, as well as smart charging.

As transport electrifies, smart charging will become more important to ensure system savings, however, to achieve this successfully, Gutierrez recommends closer policy coordination between sectors providing appropriate pricing signals.

Gutierrez concluded by emphasising the need to shift our understanding of the power system, from a traditional centralised system to a new decentralised system.

“This requires demand response in buildings, transport and also using the capabilities in variable generation and ensuring we have a better-interconnected system to enable coordination in a secure manner.”

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The post The importance of power flexibility to reach net zero appeared first on Power Engineering International.

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Author: Pamela Largue

Energy & Critical Metals

Bismuth Oxide Market Size Growth Analysis Report 2021: Industry Size, Market Demand and Forthcoming Development, Current Trends, Top Companies Research Forecast to 2028

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MR Accuracy Reports crafted the report, titled Global Bismuth Oxide Market 2021 is a methodical research study based on the Bismuth Oxide Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Bismuth Oxide Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

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5N Plus

Shepherd Chemical

Clark Manufacturing

Hunan Jinwang

Xianyang Yuehua

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Beijing Easpring

Henan Maiteer

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Wet Process

Pyrometallurgical Process

Market by Application

Electronic Industry

Glass Industry

Chemical Industry

Others

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Overview of the Bismuth Oxide market including production, consumption, status & forecast and market growth

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Overview the product type market including development

Overview the end-user market including development

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Contact Us:
MR Accuracy Reports,
USA: +1 804 500 1224
UK: +44 741841 3666
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Email: [email protected]   
Website: https://www.mraccuracyreports.com

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Energy & Critical Metals

Bismuth Octoate Market 2021- Industry Analysis by Trend, Size, Share, Competition, Growth, Dynamic Analysis and Development Suggestions, COVID-19 Impact, Forecast till 2028

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Global Bismuth Octoate Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities. 

MR Accuracy Reports crafted the report, titled Global Bismuth Octoate Market 2021 is a methodical research study based on the Bismuth Octoate Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Bismuth Octoate Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

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According to MRA, the Global Bismuth Octoate Market is estimated to reach xxx million USD in 2021 and projected to grow at the CAGR of xx% during the 2022-2027. The report analyses the global Bismuth Octoate market, the market size and growth, as well as the major market participants.

The analysis includes market size, upstream situation, market segmentation, market segmentation, price & cost and industry environment. In addition, the report outlines the factors driving industry growth and the description of market channels.The report begins from overview of industrial chain structure, and describes the upstream. Besides, the report analyses market size and forecast in different geographies, type and end-use segment, in addition, the report introduces market competition overview among the major companies and companies profiles, besides, market price and channel features are covered in the report.

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Asia Pacific

North America

Europe

South America

Middle East & Africa

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Bismuth

Triveni Interchem

Hangzhou Right Chemical

Troy Corporation

The Shepherd Chemical Company

Rubber Chemicals

Key Product Type

Laboratory Grade

Chemical Grade

Market by Application

Dye

Spices

Lubricant

Preservative

Fungicide

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Overview of the Bismuth Octoate market including production, consumption, status & forecast and market growth

2017-2021 historical data and 2022-2027 market forecast

Geographical analysis including major countries

Overview the product type market including development

Overview the end-user market including development

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  • What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the Global Bismuth Octoate Market?
  • This report gives all the information regarding industry Overview, analysis and revenue of this market.
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You can buy the complete report @ https://www.mraccuracyreports.com/checkout/488096

About Us:

MR Accuracy Reports’ well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future. Our research reports arm our clients with macro-level insights across various key global regions that equip them with a broader perspective to align their strategies to capitalize on lucrative growth opportunities in the market.

Contact Us:
MR Accuracy Reports,
USA: +1 804 500 1224
UK: +44 741841 3666
ASIA: +91 747888728100
Email: [email protected]   
Website: https://www.mraccuracyreports.com

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Energy & Critical Metals

Bismuth Oxychloride Market Share, Major Region, Market Value, cagr, Market Competition, Latest Demands, Regional Production, Impact Due To Covid-19 and Forecast By 2021-2028

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MR Accuracy Reports crafted the report, titled Global Bismuth Oxychloride Market 2021 is a methodical research study based on the Bismuth Oxychloride Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Bismuth Oxychloride Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

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According to MRA, the Global Bismuth Oxychloride Market is estimated to reach xxx million USD in 2021 and projected to grow at the CAGR of xx% during the 2022-2027. The report analyses the global Bismuth Oxychloride market, the market size and growth, as well as the major market participants.

The analysis includes market size, upstream situation, market segmentation, market segmentation, price & cost and industry environment. In addition, the report outlines the factors driving industry growth and the description of market channels.The report begins from overview of industrial chain structure, and describes the upstream. Besides, the report analyses market size and forecast in different geographies, type and end-use segment, in addition, the report introduces market competition overview among the major companies and companies profiles, besides, market price and channel features are covered in the report.

Key Regions

Asia Pacific

North America

Europe

South America

Middle East & Africa

Key Companies

EMD

Basf

Geotech

Orrion Chemicals

Sajan Overseas

Maiteer

XinMingzhu Pharma

Nova Oleochem

Key Product Type

Industrial grade

Cosmetic grade

Others

Market by Application

Paint and Coating

Mineral Cosmetics

Others

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Overview of the Bismuth Oxychloride market including production, consumption, status & forecast and market growth

2017-2021 historical data and 2022-2027 market forecast

Geographical analysis including major countries

Overview the product type market including development

Overview the end-user market including development

Get Exclusive Discount on this report: https://www.mraccuracyreports.com/check-discount/488094

Key questions answered in the report include:

  • What will be the market size and the growth rate by the end of the forecast period?
  • What are the key Global Bismuth Oxychloride Market trends impacting the growth of the market?
  • What are the potential growth opportunities and threats faced by the leading competitors in the market?
  • What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the Global Bismuth Oxychloride Market?
  • This report gives all the information regarding industry Overview, analysis and revenue of this market.
  • What are the market opportunities and threats faced by the vendors in the Global Bismuth Oxychloride Market?

If you have any special requirements, please let us know and we will offer you the report as you want

You can buy the complete report @ https://www.mraccuracyreports.com/checkout/488094

About Us:

MR Accuracy Reports’ well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future. Our research reports arm our clients with macro-level insights across various key global regions that equip them with a broader perspective to align their strategies to capitalize on lucrative growth opportunities in the market.

Contact Us:
MR Accuracy Reports,
USA: +1 804 500 1224
UK: +44 741841 3666
ASIA: +91 747888728100
Email: [email protected]   
Website: https://www.mraccuracyreports.com

Continue Reading

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