Biomass power generation market in a nutshell

Biomass is a non-fossilized biodegradable organic material that is derived from biological resources such as garbage, wood, waste, landfill gases, and alcohol fuels. It is available in excess and hence it is considered as a well-utilized source of renewable energy across the globe. The biomass is produced by converting the biological resources into organic matter through various processes such as combustion, anaerobic digestion, and gasification. 

“The growth of biomass energy in power generation market is driven by the high availability of low-cost feedstocks such as wood logs and pellets. Along with this, increasing feed-in-tariffs (FITs) and tax incentives are substantially increasing the demand for the use of biomass energy in power generation.” 

Biomass Power Generation Market

The biomass can be also generated from the waste collected out of food processing industries, agriculture and wood wastes, urban and industrial residues, wood, woody crops, and other materials. Biomass is emerging as one of the major sources of renewable energy across the globe. Some of the major technologies used are cellulosic ethanol, gasification, cogeneration and gas processing for feed-in of biogas into the natural gas grid. 

Moreover, the increasing initiatives by key players in collaboration with various government initiatives for the deployment of biomass as a resource for the power generation is augmenting the global biomass power generation market growth. For instance, European Union is providing national and international tax incentives such as EU Renewable Energy Directive. Spain is significantly promoting the usage of renewable source of energy for power generation and has implemented National Renewable Energy Action Plan (NREAP) in 2010 for the period of 2011-2020. 

Many companies and research institutes are rapidly investing in the research and development of innovative raw materials and technologies for the production of power using biomass. Several government organizations such as Biomass Research and Development Initiative (BRDI) offer funds to universities, academic institutions, companies, and government research centers for the development of novel products. Researchers have discovered the potential of biomass power generation systems which enables market player to collaborate and partner with each other. Collaboration and partnership enhance generation capabilities of market player which in turn contribute in the growth of the global biomass power generation market. Recently, on 31st October 2018, Mitsubishi Corporation Power (MCP) collaborated with Kansai Electric Power (KEPCO) to initiate the development of a new 200MW biomass power generation plant in western Japan. 

Advances in technology 

Technological advancement in biomass energy includes advancement in biomass energy production practices and energy conversion technologies. Advancement in soil preparation, planting, cultivation methods, species matching, bio-genetics and pest, disease and fire control have contributed to enhanced yields. Due to advancement in harvesting and post harvesting technologies, there is significant reduction in the cost of production of biomass energy. Further, technological advancements have significantly enhanced the efficiency of biomass energy conversion technologies, improved fuel processing technologies and enhanced efficiency of end-use technologies. These advancements have been expected to drive the market growth in near future as per senior analyst at Orion Market Research Pvt. Ltd. 

Few Recent Activities 

· In May 2018, Ørsted A/S had signed a new agreement with an independent co-educational boarding school, Milton Abbey. Under this agreement, the company will support the school to utilize energy in a much smarter way that will ultimately decline the cost and consumption. 

· In July 2018, Drax Power had signed $47.3 million contract with Siemens for turbine upgradation. This will improve the efficiency of the biomass generating units of Drax Group and will make their renewable power production much cost-effective. 

The production of biomass incorporates a series of processes which are termed as the biomass supply chain. Improvement is required in the supply chain of biomass power generation market. The supply chain of biomass demands knowledge, technology, and activity for the manufacturing and approval of the respective components. The supply chain of biomass consists of growing, harvesting, transporting, storing, and converting the material into biomass. Moreover, the pre-processing is another necessary phase in supply chain along with the pathway from the field to energy, which majorly depends on the biomass type and the used conversion technology. Therefore, a subsequent inflow of the supply chain of biomass is highly required for the market growth.

Contact:

Anurag Tiwari
Email: info@omrglobal.com
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