Standard Modular Hydropower Market: An innovative technology
- Standard modular hydropower technology is anticipated to be cheap, reliable, and clean form of environment friendly power generation solution.
- Standard modular hydropower technology is estimated to possess design features such as geometry, cost structure, esthetics, local hydraulics, and other site-independent features, i.e. capability of being used for any site without any modification to its design with limited environment footprint
- The technology is also estimated to be modular, making it capable of scaling its capacity and operation according to the site requirement through the setup of multiple components which can be integrated with minimal cost to provide maximum value.
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Key Drivers of Standard Modular Hydropower Market
- High cost of site specific plant design and customization of structures & equipment, rise in environmental restrictions on design & operation, and increase in cost competitiveness from other power sources are some of the challenges faced by hydropower. However, standard modular hydropower technology is being developed to overcome these constraints.
- Furthermore, the standard modular hydropower technology can be applied to un-impounded streams and non-powered dams. This would increase its demand from rural areas which are near rivers or other water streams. The technology focuses on maintaining stream functionality in environment-friendly and compatible way with optimized costs.
- Rising awareness about environment and pollution along with increasing popularity of renewable energy sources is another key driver for the growth of standard modular hydropower market.
- Moreover, capability to provide continuous clean energy in comparison to small diesel genets and solar power solutions in remote and rural areas where extending national grids is not feasible. As the latter power generation options have certain restraints such as high diesel cost or requirement of sunlight for their operations, while standard modular hydropower overcome these challenges and provides clean energy with one time investment.
Design and Operation of Standard Modular Hydropower
- The technology uses module-based site classifying system, which is based upon the combination of passage, foundation, and generation modules that can provide energy along with other environmental benefits.
- In case of greenfield installation, standardized stream type identification systems along with standardized plant design framework can reduce substantial amount of site based customization and design, thereby lowering overall project cost and environmental impact.
- The technology can also be used for generation of power from non-powered dams, conduits, and canals with the help of standardized dam or site classification system and from the collection of standardized passage, generation, and foundation modules.
- The site classification system employed can help in identifying degraded water streams with limited connectivity or poor water quality. The technology also enables modular structures to be designed without hydropower generation capabilities in order to achieve other environmental objectives.
- The standard modular hydropower technology presents future hydropower plants as integrated merger of standard and validated modules where each module has a specific objective, multiple functional capabilities, and fewer design constraints.
North America likely to hold Lion’s Share in the Global Standard Modular Hydropower Market
- Geographically, the standard modular hydropower market can be split across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- North America is expected to lead the standard modular hydropower market due to the ongoing research and development on the technology in the U.S. The Department of Energy is funding research projects in order to develop standardized and standard modular hydropower technology.
- Rising investment in renewable energy and clean power generation in developing economies of Asia Pacific are some of the other factors expected to fuel the standard modular hydropower market in the region during the forecast period.
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Key Players Operating in the Standard Modular Hydropower Market:
The global standard modular hydropower market is marked with the presence of few companies due to undergoing research and development on the technology. Few of the key players operating in the standard modular hydropower market include
- Emrgy Inc.
- Mavel, a.s.
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