There has been a flurry of activity in the biomass energy sector in recent year, with many new projects and initiatives being given the green light across the globe. This movement has been on both a regional and local level; thanks to the increased efficiency of biomass energy generators and a slight lowering in implementation costs, more businesses and even some homeowners are converting waste-to-energy systems or by installing biomass energy units.
Latest from the United Kingdom
Our first notable example of this comes from Cornwall in the UK. As of this week, a small hotel has entirely replaced its previous oil-based heating system with biomass boilers. Fuelled from wood wastes brought in from a neighboring forest, the BudockVean hotel has so far been successful in keeping the entire establishment warm on two small boilers despite it being the height of British winter – and when warmer weather arrives, plans to install solar panels on the building’s roof is to follow.
Similar projects have been undertaken across small businesses in Britain, including the south-coast city of Plymouth that has just been announced to house a 10MW biomass power plant (alongside a 20MW plant already in construction). These developments arein part thanks to the UK government’s Renewable Heat Incentive which was launched back in 2011. The scheme only provides funding to non-domestic properties currently, but a domestic scheme is in the works this year to help homeowners also move away from fossil fuels.
Initiatives (and Setbacks) in the US
Back across the pond, and the state of New York is also launching a similar scheme. The short-term plan is to increase public education on low-emission heating and persuade a number of large business to make the switch; in the longer term, $800m will be used to install advanced biomass systems in large, state-owned buildings.
A further $40m will be used as part of a competition to help create a series of standalone energy grids in small towns and rural areas, which is a scheme that could hopefully see adopted beyond New York if all goes well.
Unfortunately, the move away from fossil fuels hasn’t been totally plain sailing across the US. Georgia suffered a blow this week as plans to convert a 155MW coal plant to biomass have been abandoned, citing large overheads and low projected returns. The company behind the project have met similar difficulties at other sites, but as of this week are moving ahead with further plans to convert over 2000MW of oil and coal energy generation in the coming years.
Elsewhere in the US, a company has conducted a similar study as to whether biomass plant building will be feasible in both Florida and Louisiana. Surveying has only just been completed, but if things go better than the recent developments in Georgia, the plants will go a long way to converting biomass to fertilizer for widespread use in agriculture in both states.
Far East Leading the Way
One country that is performing particularly well in biomass energy investment market is Japan. Biomass is being increasingly used in power plants in Japan as a source of fuel, particularly after the tragic accident at Fukushima nuclear power plant in 2011. Palm kernel shell (PKS) has emerged as a favorite choice of biomass-based power plants in the country. Most of these biomass power plants use PKS as their energy source, and only a few operate with wood pellets. Interestingly, most of the biomass power plants in Japan have been built after 2015..
On the contrary, the US and Europe saw a fairly big fall in financing during this period; it should be noted, however, that this relates to the green energy investment market as a whole as opposed to biomass-specific funding. The increase seen in Japan has been attributed to an uptake in solar paneling, and if we look specifically to things such as the global demand for biomass pellets, we see that the most recent figures paint the overall market in a much more favorable light for the rest of the world.
Brighter Times Ahead
All in all, it’s an exciting time for the biomass industry despite the set backs which are being experienced in some regions. On the whole, legislators and businesses are working remarkably well together in order to pave the way forward – being a fairly new market (from a commercially viable sense at least), it has taken a little while to get the ball rolling, but expect to see it blossom quickly now that the idea of biomass is starting to take hold.
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