On-site green (net-zero) energy represents several technologies that enable producing Energy “on-premise” instead of receiving power from the grid. Across the energy sector and beyond, several factors are driving this energy transition.
COVID-19 and climate
The most important lesson the virus is teaching us is the need to get ahead of crises!! While the pandemic will eventually end, the effect of rising greenhouse gas emissions will continue to wreak havoc on Earth’s climate until businesses commit to lower emissions. And there will be no vaccine to protect us from its worst consequences.
Slowly but surely the world is moving away from coal based energy generation. In 2020, globally, demand for coal fall by 5%– the largest decline since World War II. Companies like GE Stoped Selling Equipment for New Coal-Fired Power Plants signaling a new era for green energy.
GHG emissions from buildings
Building operations generate 28% of annual global GHG emissions. Several federal initiatives such as the DOE “Better Buildings”, NYC green new deal and the EU ‘ buildings renovation wave’ represent trillion of dollars to be investment to mitigate this climate threat. On-site green energy generation + heat will reduce a given building GHG emissions by 50%.
Aging grid dilemma: maintenance and reliability
In the USA, the average age of the grid transmission lines and transformers is forty years old, with more than a quarter of the grid fifty years old or older. Most of the grid infrastructure is built above ground – making it susceptible to extreme weather. In the summer, power outages increase as heatwaves and storms wreak havoc on the power grid resulting in Power outages. To simply upgrade this infrastructure and maintain the status quo would require an investment of more than seven hundred billion dollars, Over the next 30 years.
Aging grid dilemma: Electric Vehicles
Increased demand for electric vehicles represents a potential load growth of more than forty-five percent. The USA would require more than one trillion dollars by 2050 to create a transmission system capable of dealing with its future needs.
Aging grid dilemma: Green energy
Across the world, the aging grid is not ready to integrate new renewable capacity and distributed generation. In the US alone, more than 330 gigawatts of utility-scale wind and solar generation capacity expected to come online by 2029.
In the United States of America
private and public sectors are aiming to achieve nearly 20% of generating capacity with distributed generation technologies by 2030
Germany aims to double the total share of distributed generation up to 25% of its generation capacity by 2020
The deployment potential
The deployment potential in the range of 50 kWe – 1 MWe is approximately 49 Giga Watts witch equates to $49 Billion
A 2015 “Navigant Research” study analyzed the micro turbine market by application & sector and provided economic projections for sales up to 2024