Cost Projections Suggest That Certain Microgeneration Technologies Will Produce Competitive Energy By 2020
Posted on: Tuesday, 8 April 2008, 12:00 CDT
Research and Markets (http://www.researchandmarkets.com/reports/c88070) has announced the addition of Market Opportunities in the Microgeneration Sector to their offering.
With energy efficiency a common feature across political agendas, utilities are faced with having to address the microgeneration issue in the current context of increasing energy prices and environmental awareness. This brief considers the various available technologies and whether current and future microgeneration markets present an opportunity or a threat for the large utilities.
Scope
Knowledge of the main types of microgeneration technologies and how they deliver more CO2 reduction than most other home energy efficiency measures
Awareness of the precarious state of the European microgeneration market, and how it could become part of a mass market decentralised energy system
Reasons why the UK market displays such strong medium term potential, focussing on cost-effectiveness, CO2 reduction and energy generation
Insight into how and why future utility profits could be significantly influenced by the success of their engagement with microgeneration
Highlights of this title
Microgeneration is currently a cost-inefficient and unreliable alternative to large scale offshore wind generation and a range of key constraints is currently affecting its wide-scale deployment. Yet, with greater commercialisation, microgeneration has the potential to become part of a commercial mass market decentralised energy system
Following a range of government grant initiatives, the small UK household microgeneration sector has seen rapid engagement. Cost projections suggest that certain microgeneration technologies will produce competitive energy by 2020, with the potential to deliver up to 14% CO2 reductions and 30-40% of the UKs total electricity demands by 2050
As it stands, microgeneration will achieve a fraction of its full potential. It must be facilitated as part of an overall programme which embraces change affecting all aspects of the energy generation / usage model. Only then will future utility profits be significantly influenced by the success of their engagement with the microgeneration market
Key reasons to purchase this title
Gain a new and accurate perspective of the nascent microgeneration market, its key limitations and its medium/longer term potential
Understand the likely margin impact of taking a position and exploiting market opportunities early on in the decentralised energy value chain
Re-assess your company's strategic positioning vis-à-vis the microgeneration market, and amend your business strategy accordingly
Content Outline:
OUR VIEW
CATALYST
SUMMARY
SOURCES
ANALYSIS
There are currently seven types of mainstream microgeneration technologies in use
Microgeneration is the decentralized generation of zero or low-carbon heat and power
Solar photovoltaic systems use energy from the sun to create electricity
Solar thermal systems harness energy from the sun to provide domestic hot water
Ground source heat pumps extract stored solar heat from the ground
Biomass fuel involves burning wood or other organic materials to produce energy
Wind energy refers to energy obtained from turbine engines powered by wind
The Stirling engine combined heat and power boiler uses a heat engine to simultaneously generate both electricity and useful heat
A fuel cell produces electricity through a chemical reaction similar to that found in a battery
In Europe, microgeneration is a nascent and fragile market
Microgeneration is currently a cost-inefficient and unreliable alternative to large-scale offshore wind generation
A range of constraints currently prevents the wide-scale deployment of microgeneration
Insufficient optimization of the legislative and regulatory environment is a key limiting factor
With greater commercialization, microgeneration could become part of a mass market decentralized energy system
In the UK, microgeneration technologies display strong medium-term potential
The household microgeneration sector has seen rapid engagement but is still relatively small
The Low Carbon Buildings Programme provides grants of up to £2,500 per property
Microgeneration technologies could produce cost competitive energy by 2020
Microgeneration could deliver significant CO2 benefits
By 2050, 30% to 40% of the UKs electricity demands could be met through microgeneration technologies
Utilities future profits may be significantly influenced by the success of their engagement with microgeneration
As it stands, microgeneration is neither a threat nor an opportunity
For microgeneration to reach its full potential, large utilities will have to get involved
Microgeneration could be far too important to ignore
Utilities recognize the future commercial, environmental and strategic potential of microgeneration technologies
APPENDIX
Further reading
Ask the analyst
Our consulting
Disclaimer
List of Figures
Companies Mentioned:
E.ON
For more information visit http://www.researchandmarkets.com/reports/c88070
Source: Datamonitor
Source: Business Wire
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