The Energy & Power Systems Group along with the Technical Insights Group at Frost & Sullivan will hold a briefing on Wind Energy Technology to discuss the renewable energy’s potential May 18 at 11 a.m. EDT.
Electricity generated from wind is already cheaper than that from nuclear power stations and new coal technologies, Frost & Sullivan says. For this reason and others such as environmental pressures, the market for wind turbines is relatively fast growing. Wind resources worldwide are plentiful and could in theory supply more than the total energy required by the present world population, according to the company.
Highlights of the briefing include analysis of markets for small, medium and large turbines. Also being presented are technology trends within wind turbines, which include developments on blades, materials used to manufacture blades, new turbine products, technology drivers and challenges and overall market drivers and challenges.
Those who stand to benefit from the discussion include material manufacturers, wind turbine manufacturers, blade manufacturers, end users of wind turbine technology and other parts of the supply chain within the wind energy industry, says Frost & Sullivan.
"Harnessing the wind may not be a novel idea. The technologies used these days are a far cry from the windmills as we know them from picture postcards of Dutch landscapes. Today's wind turbines use large propeller blades to capture the wind. The blades then turn the turbine, which generates power," says Vijay Shankar Murthy, Senior Research Analyst for Frost & Sullivan's Technical Insights Group.
Pramodh Panchanadam, Industry Analyst for Frost & Sullivan's Energy & Power Systems Group adds that demand for wind turbines especially in the US and Asia expects to sustain an average 22 percent growth in 2006.
"Market based instruments such as carbon-trading certificates encourage investments in wind turbines promoting them as clean development mechanism projects with sustainable returns. Further, technological innovations in blade manufacturing and shaft less transmission, provide avenues for cost reduction and better operational efficiency," says Panchanadam.
To participate, email Trisha Bradley at trisha.bradley@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. Upon receipt of the above information, a registration link will be emailed to you.
