GlobalData
GlobalData

Power

Smart grid-enabled technologies are witnessing huge uptake as they help in increasing the power grid’s efficiency and reliability, says GlobalData

Smart grid-enabled technologies such as smart metering, demand response, and vehicle-to-grid (V2G) are witnessing huge uptake globally, according to GlobalData. The leading data and analytics company notes that this uptick in development is due to the technology offering several benefits such as greater transparency and control over power consumption, improvements in grid reliability, and reduced […]
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Replacement of coal-based power plants with gas-based to help continue thermal generation dominate in South Korea, says GlobalData

Despite renewable capacity growth, South Korea will continue to use thermal sources for majority of its power generation through 2030. The annual generation from thermal sources is expected to reach 397.77 TWh in 2030 from 362.04 TWh in 2020. Thermal power will account for 61.5% in South Korea’s annual power generation in 2030, whereas renewables […]
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Hydrogen Forward is a Key Pillar of the Energy Transition, Powered by Decarbonization, says GlobalData

Hydrogen is gaining prominence as a critical component of the energy transition as significant policy support and government commitment to deep decarbonization are spurring investments in hydrogen. This momentum that has been built along the entire value chain is accelerating cost reduction in hydrogen production, transmission, distribution, retail, and end-applications, says GlobalData, a leading data […]
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Taiwan on track to replace nuclear energy with solar and wind by 2025, but country still heavily reliant on thermal power, says GlobalData

Taiwan’s nuclear power installed capacity decreased from 4.9GW to 3.8GW, at a compound annual growth rate (CAGR) of -1.2%, according to leading data and analytics company GlobalData. If this trend continues, the country is set to meet the government’s target of zero capacity by 2025. Taiwan intends to fill the gap created by the retirement […]
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