May 17, 2020

Steam Turbines Gain Popularity in Asia-Pacific

energy digital
steam turbines
Asia-Pacific
Energy
Admin
2 min
energy digital, steam turbines, Asia-Pacific, energy, clean coal, alternative energy,  Shanghai Electric Group, thermal energy
LONDON, UK- The rising population and rapid industrialization of Asia-Pacific is intensifying electricity demand in the region, and the development of...

 

LONDON, UK- The rising population and rapid industrialization of Asia-Pacific is intensifying electricity demand in the region, and the development of clean coal technologies is contributing further to the growing popularity of steam turbines, according to a new report by energy intelligence company GlobalData.

The new report shows that thermal energy has long been the region’s most commonly used source of energy for electricity generation, though the region’s move towards alternative energy sources, while relatively slow due to economic reasons, may threaten future demand for steam turbines.

Revenue from the steam turbines market in the Asia-Pacific region began increasing in 2000, starting a trend which continued until 2007. In 2000, the revenue from this market was around $1.8 billion, which increased to $5.5 billion in 2007. Then, the financial crisis led to a fall in investments in steam turbines in 2008 and 2009. However, with the revival of the economy in 2010, revenues shot up to an estimated $9.1 billion in 2011. The steam turbine market will continue to thrive in the coming years, due to the increasing demand for electricity and the dominance of thermal sources in the electricity generation market.

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The Chinese national companies leading the Asia-Pacific steam turbine market are benefitting most from the popularity of steam. The Shanghai Electric Group, which has been leading the Asia-Pacific steam turbine market for the last few years, holds a share of around 39% of the regional market, more than any other manufacturers in the business. Its nearest rival, Dongfang Electric Company, has an 18% share of the market. Other key players include Harbin Turbine, Bharat Heavy Electricals, Nanjing Turbine & Electric Machinery, Mitsubishi Heavy Industries and Kawasaki Heavy Industries.

The installed capacity for thermal energy in the Asia-Pacific region stood at 669 gigawatts (GW) in 2000. The installed capacity for 2011 is estimated at 1372.5 GW, representing a CAGR of 6.8% over the period 2000–2011. The installed capacity is expected to follow the same trend during 2012–2020, resulting in a total installed capacity of 1969.3 GW.

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Jul 30, 2021

Major move forward for UK’s nascent marine energy sector

marineenergy
renewableenergy
tidalturbine
Sustainability
3 min
The UK’s nascent marine energy sector starts exporting electricity to the grid as the most powerful tidal turbine in the world begins to generate power

Although the industry is small and the technologies are limited, marine-based energy systems look to be taking off as “the world’s most powerful tidal turbine” begins grid-connected power generation at the European Marine Energy Centre

At around 74 metres long, the turbine single-handedly holds the potential to supply the annual electricity demand to approximately 2,000 homes within the UK and offset 2,200 tonnes of CO2 per year.

Orbital Marine Power, a privately held Scottish-based company, announced the turbine is set to operate for around 15 years in the waters surrounding Orkney, Scotland, where the 2-megawatt O2 turbine weighing around 680 metric tons will be linked to a local on-land electricity network via a subsea cable. 

How optimistic is the outlook for the UK’s turbine bid?

Described as a “major milestone for O2” by CEO of Orbital Marine Power Andrew Scott, the turbine will also supply additional power to generate ‘green hydrogen’ through the use of a land-based electrolyser in the hopes it will demonstrate the “decarbonisation of wider energy requirements.” 

“Our vision is that this project is the trigger to the harnessing of tidal stream resources around the world to play a role in tackling climate change whilst creating a new, low-carbon industrial sector,” says Scott in a statement. 

The Scottish Government has awarded £3.4 million through the Saltire Tidal Energy Challenge Fund to support the project’s construction, while public lenders also contributed to the financial requirements of the tidal turbine through the ethical investment platform Abundance Investment.

“The deployment of Orbital Marine Power’s O2, the world’s most powerful tidal turbine, is a proud moment for Scotland and a significant milestone in our journey to net zero,” says Michael Matheson, the Cabinet Secretary for Net-Zero, Energy and Transport for the Scottish Government. 

“With our abundant natural resources, expertise and ambition, Scotland is ideally placed to harness the enormous global market for marine energy whilst helping deliver a net-zero economy.

“That’s why the Scottish Government has consistently supported the marine energy sector for over 10 years.”

However, Orbital Marine CEO Scott believes there’s potential to commercialise the technology being used in the project with the prospect of working towards more efficient and advanced marine energy projects in the future. 

We believe pioneering our vision in the UK can deliver on a broad spectrum of political initiatives across net-zero, levelling up and building back better at the same time as demonstrating global leadership in the area of low carbon innovation that is essential to creating a more sustainable future for the generations to come.” 

The UK’s growing marine energy endeavours

This latest tidal turbine project isn’t a first for marine energy in the UK. The Port of London Authority permitted the River Thames to become a temporary home for trials into tidal energy technology and, more recently, a research project spanning the course of a year is set to focus on the potential tidal, wave, and floating wind technology holds for the future efficiency of renewable energy. The research is due to take place off of the Southwest coast of England on the Isles of Scilly

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