An energy ecosystem in transition
The European energy ecosystem is currently undergoing massive transformation. Learn about this major shift below and by downloading the full PDF through the form to the right.
The European Union is taking a leadership role in decarbonizing its power sector. This requires deploying significant volumes of renewable power generation, which has implications for the entire energy ecosystem. The whole European power generation system must become more flexible and efficient, otherwise the integration costs of variable renewables will be very high. GE believes that an important facilitator of the energy system change in Europe is improving the efficiency and effectiveness of the existing fleet of fossil-fueled power plants.
Power digitization is now reaching into every corner of our lives, including the European energy market. It also creates unprecedented opportunities for the energy industry: It has the potential to radically alter the way electricity is produced, distributed and consumed. Digitally-enhanced power generation, combined with advanced hardware, will deliver greater affordability, reliability and sustainability.
Rising to the challenge
The European energy system is embarking on an exciting journey of change. The existing infrastructure is the backbone of the European energy production that powers the continent. To meet tomorrow’s challenges, we must enhance this energy infrastructure today by improving power generation efficiency. Fortunately, technologies exist to help power generation assets rise to the challenge by becoming more flexible and efficient, thereby ensuring that the deployment of renewables can continue without concern. These include both engineering solutions and digital technologies through our Fleet360* total plant solutions approach.
The whitepaper offered for download on this page highlights the importance of thermal power plants and the opportunities that exist to create a win-win situation for power generators and policy makers to drive the energy system transformation of the European continent and build a bridge to the future.
This resource includes in-depth information on the following:
AN ENERGY ECOSYSTEM IN TRANSITION
GE provides an overview of the shift in power generation trends taking place in Europe.
THE ROLE THERMAL PLANTS CAN PLAY
The shift to new energy technology will take time. During this transition, many power needs will be met largely by existing thermal power generation.
OPPORTUNITIES TO IMPROVE BUSINESS PERFORMANCE
Shifts in the energy ecosystem will also allow for adjustments to incorporate digital solutions into power generation, resulting in improved business performance and efficiency.
BUILDING THE BUSINESS CASE
Investing to modernize thermal power plants today provides the best insurance to secure profitable on-going operations in the future.
DECARBONIZING THE POWER SYSTEM AT THE LOWEST COST
Adaptations to incorporate renewables will be vital for decarbonization.
A POLICY AGENDA
Understanding recent policy changes and the best way to align with them is critical for future power generation.
In addition to this resource, you can learn more about how GE Power is positively impacting Europe’s energy needs.
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