Gas and renewables boost power efficiency
The metrics are very different, but global power market’s two growth engines are making efficiency gains
Combined-cycle gas turbine (CCGT) power generation is the most efficient way of converting thermal energy to electric energy. Renewables may be catching up on some of the oldest, most wasteful oil-fired plants, but remains largely the least efficient. Given its free and inexhaustible primary energy supply, though, its gains now matter far more than its headline number. Indeed, it is arguable that the very meaning of efficiency in power generation should be differently defined depending on whether the generator is conventional or renewable. In conventional generation, it obviously refers to the proportion of electricity derived from a given thermal input. 78.4GW – US coal generation dec
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth