Bio power refers to the energy produced by biomass, which is organic matter and can be used as fuel. With the growing population across the globe and rapidly growing urbanization, while natural resources of energy remain limited, the need for alternative energy resources is increasing. Technological advancements have improved the efficiency and made the concept of bio power more reliable now than ever before. Bio power is now emerging as an attractive alternative for intermittent supply of electricity from renewable energy sources.This growth is primarily driven by Increasing use of biomass such as plant and manure material to produce electricity and generate biomass fuel for transportation.
Globally, a noticeable market trend is evident Increasing focus on technological advancement and research & development
. Major Manufacturers, such as Dalkia (France), EnviTec Biogas (Germany), Schmack Biogas (Germany), Weltec Biopower (Germany), Orsted A/S (Denmark), ElectraTherm (Georgia), Babcock & Wilcox (United States), Ameresco (United States), MVV Energie AG (Germany) and Enerkem (Canada) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing use of biomass such as plant and manure material to produce electricity and generate biomass fuel for transportation
- Increasing focus on technological advancement and research & development
- Shift in trend towards use of renewable energy source
- Availability of substitution energy source
There is an increasing investments on renewable energy resources which is reflecting on bio power market. Additionally, bio power is not only a cheaper source of energy, it is reliable and is helping several region to reach their renewable portfolio standards (RPS). Also power generation from bio power technologies has a positive impact on climate and environments, and hence is gaining subsidies from several governments.
Not so popular in urban cities
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