SHANGHAI--(BUSINESS WIRE)--WATTMEGA Group is releasing the Asia Power Generation Study, which thoroughly looks into the regional power generation market.
The global climate change and air pollution is forcing a rethink of the energy development and utilization by human beings. Obviously, the conventional fossil power generation should be strictly controlled, but does it mean the fossil power generation is no longer competitive and not worth investing? No doubt the renewable energy is the big trend -- Will the renewable become the mainstream source of power generation? If yes, when? To find the answers to these questions and make the strategic decisions to achieve the sustainable development of the power industry, WATTMEGA interviewed over 500 CEOs, presidents, VPs, senior executives and business leaders from almost all kinds of power generation sectors including coal power, nuclear power, wind power, solar power, gas power, and hydro power across this region.
The interviewees were remarkably frank to share with WATTMEGA their deep insights on the power market. “We learned 73% of the power generation groups are planning to increase renewable power capacity in the next five years. Meanwhile, most conventional power groups are paying great efforts to improve the energy efficiency and develop clean coal technologies for the existing fossil power generators to reduce the emissions and carbon dioxide,” said David Manning, Director of Global Market at WATTMEGA. “Compared with the centralized power generation, distributed energy is becoming a big trend for the energy industry. It will affect the landscape of the global power generation industry, and there will be many investment opportunities in this sector,” he added.
WATTMEGA is an Asia-based business information and intelligence service provider and innovator for the Power and Energy Industries. It is working with quite a lot of the world’s leading energy companies, scientists, researchers, power innovators, technology providers, equipment manufacturers, engineering companies, consultants, reporters and the regional and international energy authorities to seek solutions to produce safe, clean, reliable and affordable energy to meet the world’s huge demand for power as well as addressing the big challenges of the energy crisis and climate change.