India: Tata Consultancy Services, a global IT services and consulting & business solutions organization has launched intelligent power plant solution, which help power generating utilities digitally transform their operations and gain a competitive edge in the dynamic power market. The solution will also support critical plant assets for uninterrupted power generation, improve operational efficiency and minimize emissions.
The growing share of decentralized renewable power generation sources and the fluctuating structural needs of generation, transmission and distribution are creating challenges for power plants in their price competitiveness, operational flexibility, and compliance with ever tightening emission standards; hence development of power plant solution will favour energy industry.
According to BlueWeave Consulting, renewable energy industry has been fast-changing and transformative sectors of the global economy. Technology improvements and diminishing cost have positively turned the industry as economic growth driver both in the U.S. and across the world. Due to the cost of most renewable energy technologies which continued its downward trend, the global investment and support toward deployment of new renewable energy projects has increased regardless of the availability of extremely cheap fossil fuels.
According to the upcoming report by BlueWeave Consulting on “Global Renewable Energy Market, By Type, By End-user, By Region- Industry Analysis, Size, Share, Growth, Trends & forecast by 2018-2025”, Renewable energy is derived from natural processes that are frequently replenished, including geothermal heat, sunlight, wind, tides, water and various forms of biomass. Several governments across the globe have adopted using renewable energy for power production, due to rise in the environmental pollution such as climatic changes and depleting ozone layer, thus positively influencing renewable energy market.