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the Power Grid System Market in Subsea is expected to grow from an estimated USD 9.1 billion in 2022 to USD 14.8 billion in 2027, at a CAGR of 10.2% during the forecast period. Power grid systems in subsea play an important role in the offshore power supply network. Subsea power grid comprise of several components such as cables, transformers, variable speed drives, switchgears, and others used for various applications. The subsea power grid system is gaining traction as oilfield operators are moving toward deep and ultra-deepwater levels for exploring oil and gas reserves. Moreover, offshore wind power is also one of the prominent applications for subsea power grid systems. Favorable government policies for offshore renewable power production, especially using wind energy along with urgent need to reduce carbon emissions and improve grid reliability and efficiency is expected to drive the demand for subsea power grid systems.

The electric traction motor market has grown significantly in recent years, owing to the growing popularity of electric vehicles (EVs) worldwide. Electric traction motors are a critical component of electric vehicles, providing the necessary power to drive the wheels and propel the vehicle forward. According to a latest research, 'The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an estimated market size of USD 12.3 billion in 2022, at a CAGR of 12.6% during the forecast period.' The market for electric traction motors is expected to continue growing rapidly in the coming years, as governments around the world push for the adoption of electric vehicles in an effort to reduce greenhouse gas emissions and combat climate change.

According to a research report "Combined Heat and Power Market by Prime Mover (Gas Turbine, Steam Turbine, Reciprocating Engine, Fuel Cell, Microturbine), Capacity (Up to 10 MW, 10-150 MW, 151-300 MW, Above 300 MW), Fuel, End User and Region - Global Forecast to 2029″, the Combined heat and power market is projected to reach USD 39.2 billion by 2029 from an estimated USD 30.4 billion in 2024, at a CAGR of 5.2% during the forecast period. The demand for combined heat and power (CHP) is growing due to its efficiency in generating electricity and capturing waste heat for heating or cooling purposes, reducing energy costs and emissions. It offers benefits like increased energy efficiency, lower operational costs, and enhanced grid resilience. CHP systems are used in various sectors including industrial facilities, commercial buildings, hospitals, universities, and residential complexes to meet energy needs sustainably.

The global diesel power engine market is projected to reach USD 25.2 billion by 2029, showing a growth from the estimated USD 20.1 billion in 2024, with a compound annual growth rate (CAGR) of 4.5% from 2024 to 2029. The diesel power engine market is evolving, and several new revenue pockets are emerging, driven by advancements in technology, shifting market demands, and regulatory changes. These new opportunities present significant growth potential for companies operating in the diesel power engine industry. One of the most promising new revenue pockets is the renewable diesel sector. Renewable diesel, derived from renewable sources such as animal fats, vegetable oils, and waste cooking oils, is chemically similar to traditional diesel but offers a significantly reduced carbon footprint. With increasing regulatory pressure to reduce greenhouse gas emissions, renewable diesel is gaining traction as a cleaner alternative to conventional diesel. Governments and industries are investing heavily in renewable diesel production facilities, creating a growing demand for diesel engines that are compatible with this fuel. Companies that can innovate and produce engines optimized for renewable diesel will likely capture substantial market share in this burgeoning sector.

The EPA has issued its first regulations on greenhouse gases that should prevent the construction of any new coal-fired power plants in the United States.

SaviCorp. Receives Innovator of the Year Award from Asian Business Association of Orange Country for DynoValve Efficiency technologies.

It may not always be the easiest or cheapest option but these six companies make being green and promoting sustainability a priority nonetheless.

SaviCorp's patented DynoValve technology is as forgiving on the wallet as it is to the environment. The DynoValve is an option for replacing outdated green-insensitive technology.

Mildura Solar Power Station is a concentrating photovoltaic (CPV) project being built in Carwrap, south of Mildura in the state of Victoria, Australia. The project will use high performance solar cells used to power satellites. The plant was proposed to have an installed capacity of 100MW initially to reduce the annual greenhouse gas emissions by 396,000t.

CIOs are instrumental in implementing corporate ESG policies as they are uniquely qualified to define their companies' goals and put them into action.