~ US$ 20 Bn in 2018, and is anticipated to expand at a CAGR of
5.5% during the forecast period.
Among the plant types, the flash steam power plants segment accounted for a substantial share of the global geothermal power equipment market in
2018.
Among the products, the turbines segment held a significant share of the global geothermal power equipment market in
2018.
Asia Pacific is estimated to be the region with high growth potential for the geothermal power equipment market in the next few years, owing to the large-scale production of geothermal power in the Philippines, Japan, and Indonesia.
Key Drivers of the Geothermal Power Equipment Market
Power plant technology company Turboden and U.S. geothermal developer Fervo Energy are to work on the development of dispatchable and flexible power generation with geothermal ORC plants.
2 – here’s how its impact on the planet can be reduced.
Marco Baresi is the Institutional Affairs Director of Turboden.
Heat. It’s the single largest energy use in the world.
Heating water, our homes and industrial processes accounts for more than half of all energy demand globally. Just over half of the heat produced is used in industry – most of the rest goes on heating water, homes and buildings.
Only 10% of this heat is generated from renewable sources, which means that it has a huge carbon footprint – 40% of global CO
2 emissions – that needs to be tackled urgently.
And while all forms of heating have come under scrutiny, industrial heat presents the biggest challenge for decarbonisation by far.
Home / Shipping News / International Shipping News / MOL and Kobe Steel Start Long-term Application Test of ‘Binary Cycle Power Generation System for Ships’ – Reducing Vessel GHG Emissions with More Effective Use of Energy
MOL and Kobe Steel Start Long-term Application Test of ‘Binary Cycle Power Generation System for Ships’ – Reducing Vessel GHG Emissions with More Effective Use of Energy
Mitsui O.S.K. Lines, Ltd. yesterday announced that a binary cycle power generation system for ships, jointly researched by MOL and Kobe Steel, Ltd. (President, CEO and Representative Director: Mitsugu Yamaguchi; Headquarters: Kobe-shi, Hyogo Prefecture), has been installed on a newbuilding very large ore carrier (VLOC; launched on October 28) owned by Shunzan Kaiun Co., Ltd. (President: Takahiro Imaoka; Headquarters: Imabari-shi, Ehime Prefecture) and chartered by MOL.
MOL, Kobe Steel install binary cycle power generation system on VLOC December 17, 2020, by Naida Hakirevic
A binary cycle power generation system for ships, jointly researched by Japanese shipping company Mitsui O.S.K. Lines (MOL) and compatriot steel manufacturer Kobe Steel, has been installed on a very large ore carrier (VLOC) newbuild. Launched on 28 October, the ship is owned by Shunzan Kaiun Co., Ltd. and chartered by MOL.
As informed, the project marks the first application of a binary cycle power generation system on a VLOC. The test will confirm the system’s performance and durability under actual operating conditions at sea.