GE South Asia CTO, Auto News, ET Auto
Adopting hybrid energy sources around the world can help meet the goal of achieving net zero emissions by 2050, an industry official said on Friday.
Hybrid energy systems are defined as the integration of several types of power generation equipment such as electric power generators, electric energy storage systems and renewable energy sources.
âAs we progress towards our 2050 goal of carbon neutrality and zero carbon emissions, we need to think about hybrid energy sources,â said Alok Nanda, CEO, GE India Technology Center & CTO, GE South Asia in a virtual address at the 17th Edition of the India Innovation Summit.
Nanda said climate change is a real concern and the energy transitions underway today must be done with the needs of future generations in mind.
He said that one of the main reasons for climate change is that 41% of co2 (carbon) emissions are generated by the electricity sector, while 26% by industry, 25% by transport and 9 % by buildings.
“If you’re coming for transportation, we’ve talked a lot about electric cars, but if those electric car batteries are charged with electricity generated by technology that produces a lot of carbon then … we would actually be pollute our environment (indirectly). We need a holistic approach, âsaid Nanda.
Explaining further, he said that if all coal-fired power plants are replaced with an equivalent capacity of renewable energy, it will result in a carbon reduction of 25-40%. If coal-fired power plants around the world are replaced with an equivalent capacity of gas turbines or gas power plants, CO2 emissions would be reduced by 50 to 60%.
“We will have to work towards hybrids. Hybrids are inevitable and as we move towards this we can make real change while realizing the energy trilemma of making electricity affordable, reliable and sustainable while meeting security needs. energy, then we add carbon capture and hydrogen to that mix and bring that (carbon reduction) to 100 pc, which is necessary, âhe said.
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