Renewable Distributed Energy Generation Markets to Reach $60.6 Billion by 2013

"Energy Distribution"

07/15/2009

Pike Research
CleanTech Update


Increasing numbers of countries and regions of the world have committed to reduce greenhouse gas emissions and diversity energy resources to include more renewable sources. Meanwhile, the world’s electricity generation is expected to increase nearly two-fold by 2030 from 2007 levels. The traditional electricity grid’s centralized power generation model is very inefficient and limited. In most industrialized countries, the overall generation efficiency averages 30-35% by the time electricity reaches the customer and the electricity grid is getting more and more congested. Further, it is estimated that 33% of the global population lives without power today.

One of the key solutions to these challenges lies in Renewable Distributed Energy Generation. RDEG technologies are comprised of three principal technologies: photovoltaic, small wind, and fuell cells, and are often used in concert with emerging energy storage technologies. RDEG technologies generate power at the point of consumption, avoiding costly and inefficient transmission and distribution. RDEG technologies generate electricity with few if any emissions.