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Electricity Generation Markets

 

The Electricity Generation Market supplies electricity. Power generation is carried out by the means of conventional/non-renewable and renewable sources of energy. While fossil fuels dominated global energy generation capacity, alternative power sources have been witnessing growing adoption over the past few years. Increasing demand for electricity has fueled power generation activities. Conventional power sources comprise fossil fuels and nuclear power, while renewable sources of energy include traditional biomass, hydropower, biofuels, solar, wind and geothermal among others.

 

Electricity Generation Methods

  • Mechanical – turn a generator
  • Photovoltaic Cell – Solar Cell
  • Electrochemical Cell – Fuel Cell

 

 

 

Consumption of Electricity Generation by Energy Source: 2016 (EIA)

 

 

 

Electricity Generator

Electricity generation is the process of generating electric power from sources of primary energy. For electric utilities in the electric power industry, it is the first stage in the delivery of electricity to end users, the other stages being transmission, distribution, energy storage and recovery, using pumped-storage methods.

 

Fuel Types

  • Gasoline
  • Diesel
  • Natural Gas
  • Wind, Solar Panels

 

 

Power Stations

A power station, also referred to as a power plant or powerhouse and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Most power stations contain one or more generators, a rotating machine that converts mechanical power into electrical power.

 

Fuel Types

  • Natural Gas
  • Coal
  • Nuclear
  • Hydroelectric
  • Solar
  • Wind
  • Biomass

 

 

Magnetic Renewable Generator

The Magnetic Renewable Generator will replace the standard producer of electricity generation.

 

  • Replace the Internal Combustion Engine in a Engine-Generator
  • End the need of Natural Gas and Coal
  • End the need of Nuclear Energy
  • End the need of some Renewable Energy; Solar, Wind, and Hydro

 

 

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