The biomass industry continues to gain popularity as a source of renewable energy. In recent years, it has seen significant growth in the United States, where renewable capacity is forecast to increase by 65 percent, with an additional 200 GW projected between 2021 to 2026, making the U.S. the third-largest market behind China and Europe for biomass power. Europe has been a leader in the development of biomass energy, with countries such as Sweden, Finland, and Denmark using biomass for over 20 percent of their total energy consumption.
Due to its popularity, biomass energy is attracting significant investments, with companies expanding their operations or entering the market. For example, Siemens Energy has plans to work with Japan’s Hirohata Biomass Power Generation Co. on a biomass power plant scheduled for commissioning in 2023. Meanwhile, U.S.-based Enviva has expanded its operations in Europe and plans to increase its production capacity at home. Even GLOCK (yes, the gun manufacturer) offers biomass-powered CHP systems.
One challenge facing this industry is the cost competitiveness of biomass energy. While biomass is a renewable energy source, it is not always the most cost-effective option. The cost of biomass can be influenced by factors such as the availability and transportation of raw materials, the efficiency of the conversion process, and the cost of competing energy sources.
To address these challenges, the industry is working to improve the efficiency of biomass conversion processes, develop new technologies, and increase the use of sustainable biomass production practices. In addition, governments around the world are providing incentives and policies to support the development of biomass energy, including subsidies, tax credits, and renewable energy mandates.
Biomass is a rapidly growing and important sector of the renewable energy industry. While there are challenges to overcome, the potential benefits of biomass energy make it a crucial component of the transition to a more sustainable energy future. Investment and development continue despite challenges. Biomass is poised to play a significant role in meeting global energy demand while reducing waste and greenhouse gas emissions and addressing climate change.
As more governments, companies, and investors look to take advantage of the benefits that biomass can offer, BE&E is happy to provide the industry with the best equipment. Let us show you how our SMART designs make handling fibrous material simpler than ever.
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