Abstract
Introduction
Power generation investments must be made with capital cost, commodity prices and environmental performance in mind. Modular gas-fired generators and renewable generators are making their contribution to the new decentralisation of power networks which are also forcing changes in investment strategy.
Scope of this report
- Explanations of the functionality and operation of key power generating equipment.
- Insight into the drivers behind technical development in the field of power generation
- Data on the cost and performance of leading power plant technologies, enabling an easy comparison across them to be carried out.
- Description of the impact that distributed energy networks can have, should technical and commercial barriers to their deployment be reduced.
Research and analysis highlights
Combined Cycle Gas Turbines continue to be the dominant new build technology as a result of its low installed cost, modularity, high efficiency and low rate of emissions. High gas prices in many parts of the world are however, impinging on their economic performance.
Renewable new build is lead strongly be onshore wind which demonstrates its maturity by its consolidation behind three-bladed, horizontal axis machinery. The off-shore market is both technically and economically more challenging despite the energy advantages to be gained from both higher average wind speeds and larger machines.
The decentralisation of energy networks, that is enabled by both small gas-fired generators and renewable generation, should allow both technical and commercial advantages to be achieved as improvements in efficiency and a reduction in the cost of transmission can be realised.
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